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XCUUSD trade ideas

COPPER, Teasing a multi-weekly TOP GAINS soon! SEED!Copper is in continuous ascend mode this past few days / weeks after touching an important major order block at 61.8 FIB levels. Since then, significant net accumulation has been registered on a daily basis. Expect some generous price growth from the current price range. A seed from here is ideal while it's still in a slow roll ascend -- but not for long. Initial target is 5.0. Spotted at 3.80 SEED LONG. TAYOR. Safeguard funds always / not advice.
C
by JSAL
Copper may continue to move lower over the next weekCopper may continue to move lower over the next week It seems that the volatility of the price of gold is affecting the price of all metals. If we take a long-term view, we can see that all metals have started a downtrend. There is a high possibility that Copper will also decrease more in the following weeks. From a technical perspective, the price has just broken a strong level of the technical pattern and is expected to decrease even more until 3.6 You can find more details in the chart! Thanks and good luck!
VShort
by KlejdiCuni
1
Copper ~ Help Me Obi-China, You're My Only Hope (2H)CAPITALCOM:COPPER chart mapping/analysis. Copper - off its October lows, yet still contending with global macro headwinds & China's difficulty in shaking off its deflationary economic funk.. Trading scenarios into EOY: Prelim trading range = ~3.93 - ~3.73. Under bearish pressure from 38.2% Fib rejections. Bullish reaction to China/macro economic news = bounce off lower range of parallel channel (green) + 200SMA confluence support / break above 38.2% Fib / break above ~3.93 upper trading range. Bullish extension target(s) = 50% Fib / upper range of parallel channel (green) confluence zone. Bearish reaction to China/macro economic news = break below ~3.73 lower trading range / lower range of parallel channel (green) / break underneath 200SMA, becoming dynamic resistance. Bearish extension target(s) = 23.6% Fib / lower range of descending parallel channel (light blue).
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by BlueHatInvestor
Long therm trade, low risk Long term trade opportunity. If this week after the CPI announcement the candle remains bullish with a high volume and a close price closer to the high of the candle, then the probability of having an all-time high in Copper is very high because it is a very bullish seasonal trend in December, January consolidation, and February and March very bullish price again (the strongest bullish trend of all copper in the year. + is a very large increase in open interest of the futures contract that follows (not the current one)
FLong
by REnastere
Copper-Elliot wave counts and market structureI have earlier posted a daily chart on Copper sharing my views on this commodity and stating that it is now in wave 3 structure and will be slowly advancing towards 4.67$ mark going into 2024. By referring to that chart you can get a better understanding of this chart since that talks about a bigger picture about what to expect from this commodity. Coming to this chart, the metal made a leading diagonal(Elliot wave theory) between 17th Oct and 6th Nov. That is marked as wave (i). After an impulse gets completed it is always followed by a corrective wave which can retrace even upto 90%(but never 100 if the prior wave was impulsive).In this case the wave (ii) retraced 50% of wave(i) from 6Nov. till 13Nov. A new impulse was again set in place on 13th of Nov. The Elliot wave theory is a very accurate and the most logical way of looking at the market structure and getting an understanding of how the price moves. Once you start to look at the market from the Elliot wave perspective you will start believing that whatever happens in the market is never random. The market always has a structure and logic, which many a times we as individuals may not spot(immediately) and that only means we need to up our game to try and understand this beautiful market place. The purpose of this chart was not only to talk about copper and where it might be headed, but was also to give an insight to all about how i approach the charts and what are the points that i look for. Note*- This chart is for educational purpose only
CLong
by neeraj_2_sharma