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Copper (CPR) / US DollarCopper (CPR) / US DollarCopper (CPR) / US Dollar

Copper (CPR) / US Dollar

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CPRUSD trade ideas

COPPER (XCU/USD) – Week 3 – Indecision territory.Copper prices have been lifted to a fresh new 8-year high, sustained by the odds, that an improving economy will further expand consumption along with major US coronavirus relief package passing into law and optimism over the global coronavirus vaccine rollout. At this moment in time, we find ourselves in a big weekly bullish trend which we expect to run its course in the future, but at the same time, we anticipate a pullback that can push the price lower in the short-term. Our advice is to skip this one for this week and focus on other instruments as it might get messy. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
OANDA:XCUUSDLong
by financialflagship
XCU/USD – Week 2 – Expecting a small pullback Copper continues to make new higher-highs, with our long-term bias pointing to a price increase even more than it did, as we are in a big bullish weekly trend. At the present moment, we don’t expect the trend to change, but we expect the price to enter a sideways move, with a chance of retesting the lower trendline before heading back up. Our advice is to skip this one for this week and focus on other instruments. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
OANDA:XCUUSDLong
by financialflagship
XCU/USD - Week 1 - Still moving sideways (for now) Copper is in a sideways move for now and we expect for this week to continue the small bearish trend it has started. Our long-term bias is for the price to increase even more than it did, as we are in a big bullish weekly trend. For that to happen we need a sideways move in the Copper market in order to gather up more bullish momentum. At the present moment, the price rejected the trendline and there’s a good chance that we will break the top again before we come to lower levels. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
OANDA:XCUUSDShort
by financialflagship