Bearish drop?COPPER has rejected off the resistance level which is a pullback resistance that lines up with the 23.6% Fibonacci retracement and could drop from this level to our take profit.
Entry: 4.6618
Why we like it:
There is a pullback resistance that lines up with the 23.6% Fibonacci retracement.
Stop lo
COPPER XCUUSDCopper Price Action, Dollar Correlation, Bond Yields, and Global Reserves
1. Copper Price Action and Dollar Index (DXY) Correlation
Inverse Relationship: Copper prices typically move inversely to the US Dollar Index (DXY). A weaker dollar (DXY↓) makes copper cheaper for foreign buyers, boosting dema
Copper Nears Breakout–Fundamentals and Technicals Both Say “Buy"Copper, often called “the metal with a PhD in economics”, is sending a clear message: we’re entering a new bullish era.
As of mid-May 2025, Copper is trading above $4.85 per pound, approaching the psychological $5.00 level — a key threshold that could trigger further upside momentum.
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Bearish reversal off pullback resistance?COPPER is rising towards the resistance level which is a pullback resistance that aligns with the 145% Fibonacci extension and could reverse from this level to our take profit.
Entry: 4.8773
Why we like it:
There is a pullback resistance level that lines up with the 145% Fibonacci extension.
Stop
Analyzing Copper Prices Using Fibonacci ExtensionCopper, often referred to as "Dr. Copper" due to its ability to forecast economic trends, remains one of the most critical commodities in the global market.
Traders and analysts often use technical tools to forecast price movements, and Fibonacci extensions are one such tool. After testing the fir
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Dive into our XCU/USD "Copper" Metals Market heist, crafted with the signature 🔥Thief Trading Style🔥, blending sharp technicals and deep fundamentals. Follow the strategy outlined in the TradingView chart, focusing on a l
Copper Cup and Handle ready to explode to 10,677Copper is an interesting market because it tends to follow the major markets.
It doesn't have that safe haven status feel and every broker quotes Copper differently.
Whether you're trading on US or LSE, it is subjective to the broker.
Right, now it's priming itself for great upside which could
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Displays a symbol's price movements over previous years to identify recurring trends.