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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 - The impact of China's support packagesCopper is below the EMA200 and EMA50 in the 4H timeframe and is moving in its descending channel. As long as copper is in the range, selling at the ceiling and buying at the bottom of the range will be recommended. If copper falls due to the release of today's economic data, we can see demand zone and buy within that zone with a suitable risk reward. If the upward trend starts and the ceiling of the range is broken, it is possible to sell copper in the specified supply zone. Chinese banks have recently reduced interest rates on existing mortgage loans, which amount to a total of 25.2 trillion yuan. This move aims to support the real estate market and bolster China’s economy. Meanwhile, the CEO of Maersk stated that they do not expect to navigate the Red Sea efficiently until 2025. Additionally, they see no signs of a decline in global demand or transaction volumes in the coming months. Maersk, one of the largest shipping companies in the world, was founded in Denmark in 1904 and is known for its extensive operations in maritime shipping, logistical services, transport, and financial services. On Tuesday, the World Bank reported that global commodity prices are projected to drop to their lowest in five years by 2025. In its latest Commodity Markets Outlook (CMO), the bank noted that despite this decline, overall commodity prices will remain 30% higher than five years before the COVID-19 pandemic. Although forecasts vary by commodity, improved supply conditions are cited as a key factor in the overall price reduction. A Reuters survey predicts that the global economy will grow by 3.1% in 2024 and 3.0% in 2025. These figures mark a change compared to the July survey, which projected 3.1% growth for both years. According to a recent analytical note from Bank of America, U.S. non-farm payrolls (NFP) for this month are expected to increase by around 100,000 jobs, a significant decrease from the 254,000 jobs added in September. This decline is primarily attributed to disruptions caused by Hurricane Milton and the Boeing workers’ strike, which likely reduced job opportunities and working hours.
CAPITALCOM:COPPER
by Ali_PSND
Copper prepares for the takeoffCopper is consolidating at the support zone, preparing for the upswing. November-December are the best seasonal months for this commodity according to the 15-year seasonal historical studies. Metals group is being pushed higher amid the "soft landing" narrative starting to evolve in the markets. Precious metals are already on the move, Copper might be next. Today is the second day of recovery which gives a decent timing for building a long position with a first target of $4.7, and next possible targets above this area. Don't forget - this is just the idea, always do your own research before taking any risk.
CAPITALCOM:COPPERLong
by Stanislav_Bernukhov_Exness
Potential bullish rise?COPPER has reacted off the resistance level which is an overlap resistance and could rise from this level to our take profit. Entry: 4.3566 Why we like it: There is an overlap resistance level. Stop loss: 4.2689 Why we like it: There is a pullback support level. Take profit: 4.4561 Why we like it: There is a pullback support level that aligns with the 50% Fibonacci retracement. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
VANTAGE:COPPERLong
by VantageMarkets
Heading into pullback resistance?COPPER is rising towards the resistance level which is a pullback resistance that is slightly below the 38.2% Fibonacci retracement and could reverse from this level to our take profit. Entry: 4.3566 Why we like it: There is a pullback resistance level that is slightly below the 38.2% Fibonacci retracement. Stop loss: 4.4606 Why we like it: There is a pullback resistance level that lines up with the 50% Fibonacci retracement. Take profit: 4.2603 Why we like it: There is an overlap support level that lines up with the 61.8% Fibonacci retracement. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
VANTAGE:COPPERShort
by VantageMarkets
Copper Pulls Back as China Optimism FadesCopper extended the August rebound into autumn and reached three-month highs, helped by the Fed’s jumbo rate cut and massive stimulus from Chinese authorities aiming to prop the economy and the property sector. However the measures do little to address the structural problems and the real estate market is unlikely to return to its former glory, while the lack of follow through on the fiscal front this week caused prior optimism to subside. Furthermore, the Fed has struck a more cautious approach towards further easing and Friday’s strong jobs report supported the reserved commentary. Markets have now priced out previous aggressive bets for 75 bps of cuts this year, aligning with the Fed’s 50 bps projections. Copper pulls back as a result, threatening the EMA200 (black line) and the 50% Fibonacci of the recent recovery. A breach would pause the upside bias, send the non-ferrous metal into the daily Ichimoku Cloud and expose it to the ascending trend line from the August lows. Deeper correction however does not look easy under the current technical and fundamental backdrop. There are still hopes for additional Chinese stimulus (potentially within the weekend), while prospects of US soft-landing and easier monetary policies in major economies can support higher prices. So do the AI boom and the green energy transition. Copper tries to defend the EMA200 that maintains its recovery momentum. This will allow it to push again towards 4.791, but we are cautious around further strength at this stage. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (trading as “FXCM” or “FXCM EU”) (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763). Please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed via FXCM`s website: Stratos Markets Limited clients please see: www.fxcm.com Stratos Europe Ltd clients please see: www.fxcm.com Stratos Trading Pty. Limited clients please see: www.fxcm.com Stratos Global LLC clients please see: www.fxcm.com Past Performance is not an indicator of future results.
FX:COPPERLong
by FXCM
#COPPER 4HThe copper market on the 4-hour chart is showing signs of a bearish trend, with a notable support level breakdown. This indicates weakening buying pressure, leading to a potential sell opportunity. Key Insights: 1. Support Breakdown: The price has recently breached a critical support level, suggesting a shift in market sentiment from bullish to bearish. 2. Pattern Formation: Prior to the breakdown, a bearish pattern (such as a descending triangle or head and shoulders) was forming, hinting at a reversal or continuation of a downtrend. 3.Volume Confirmation: Increased selling volume at the time of the breakdown reinforces the potential for further downside movement. 4.Target Zones: - Immediate downside targets lie at previous lows or Fibonacci retracement levels. - If the selling momentum continues, a deeper decline could be anticipated, potentially testing major support zones. 5.Stop-Loss Considerations: A protective stop-loss above the broken support or the latest swing high is advised to manage risk in case of a reversal. Trading Strategy: Entry: Enter sell positions after confirmation of the support breakdown on the 4H chart. Take Profit: Set take-profit levels at key support levels below the breakdown point. Stop Loss: Place a stop loss slightly above the previous support (now turned resistance) or the latest swing high. This technical analysis suggests that if the current conditions hold, selling #COPPER on the 4-hour timeframe could be a strong move for short-term traders.
VANTAGE:COPPERShort
by PIPSFIGHTER
Is copper leading the heat upwards, or is it misconducting us?On the 4H CAPITALCOM:COPPER has formed a rising wedge. Following the drop from Aug 27 it hit the Fib sweet spot, retraced, and then dropped quite a bit. It has now turned and crossed significant Fib levels on its way up and is currently resting on the 61.8% level. The 50EMA is also crossing up through the 100EMA. A retrace into the sweet spot (50% - 61.8%) could be considered a false break, as it would also break the lower wedge line. There is some resistance ahead, in my opinion the strongest will be in the $4.30 area as this is the most recent high. Looking further back, the high is $5.172. There is also news coming out of China that demand is picking up. My first target would be the resistance around $4.30, this would also be a break of structure on the daily, and if this breaks the next recent high is $4.689 from early July.
CAPITALCOM:COPPERLong
by WeRideAtDawn
Copper 1D Long – Targeting 0.5-0.6 Fibonacci LevelsCopper is showing signs of a potential bullish move on the daily chart. The setup suggests a possible retracement before a continuation to higher levels. We’re targeting the 0.5 to 0.6 Fibonacci retracement levels, with price targets set between 4.5000 and 4.7000. Technical Analysis: • Fibonacci Levels: The 0.5 to 0.6 Fibonacci retracement levels align with previous resistance areas, making them key targets for this move. • Trendline Breakout: The price has broken through a descending trendline, signaling a potential shift in momentum to the upside. • Retest Expectation: We might see a retest of the breakout level before the price resumes its upward movement. Trade Setup: • Entry: Enter a long position on a potential retest or near the current level, anticipating further upward movement. • Target: The primary targets are the 4.5000 to 4.7000 range, which aligns with the 0.5-0.6 Fibonacci levels. • Stop-Loss: Remember, this is a swing trade, so it could take a few days to potentially extend to weeks. It’s important to understand this trading style and adjust your position size accordingly to accommodate the longer timeframe and potential market fluctuations. This Copper trade leverages a potential shift in trend with clear targets and risk management strategies. Keep an eye on the retest for a better entry, and stay focused on the price action as it develops. Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
VANTAGE:COPPERLong
by AR33_
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