Copper next to the Golden pointCopper is approaching the Golden point.
The breakout of the triangle will be a good opportunity to gain.
Probably it will be a break down because the last wave failed to hit 3.7000
XCUUSD trade ideas
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.
Copper LongHi! This is my first time trying some technical analysis. After a long downtrend it seems that Copper is ready to test that range high in the coming years. The reason behind this seems to be the growth of the demand for copper originated from the renewable energy market, that will double its market cap by 2030. In blue there is to possible scenarios, at two different levels.
Copper is facing bullish pressure, potential for further upsidePrice is facing bullish pressure from our first support and ascending trend line and we could see a further push up to test our first resistance target at 3.70402. Ichimoku cloud is showing signs of bullish pressure as well, in line with our bullish bias.
Copper is approaching support, potential bounce Price is facing bullish pressure from our first support and ascending trend line and we could see a further push up to test our first resistance target at 3.70402. Ichimoku cloud is showing signs of bullish pressure as well, in line with our bullish bias.
As expected exactly copper continue downThe copper arrive exactly to the support as i expected before..
Copper is facing bullish pressure, potential for further upsidePrice is facing bullish pressure from our first support and ascending trend line and we could see a further push up to test our first resistance target at 3.800.
Copper has broken the uptrendlineCopper has already broken the uptrendline and it has tested the support,
Maybe it will fall towards 3.6000 and on the other hand if it breaks 3.7000 it will continue its uptrend.
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.
Copper is facing bullish pressure, potential for further upside Price is facing bullish pressure from our first support and ascending trend line and we could see a further push up to test our first resistance target at 3.800.
Copper is approaching support, potential bounce Price is facing bullish pressure from our first support and ascending trend line and we could see a further push up to test our first resistance target at 3.800.
Copper is facing bullish pressure, potential for further upsidePrice is facing bullish pressure from our first support and we could see a further push up to test our first resistance target at 3.800.
Copper is facing bullish pressure, potential for further upsidePrice is facing bullish pressure from our first support and a break above our upside confirmation level would see a further rise up to our first resistance target.
Copper is facing bullish pressure, potential for further upside Price is facing bullish pressure from our first support and a break above our upside confirmation level would see a further rise up to our first resistance target.
COPPER - Week 53 - Medium term consolidation periodCopper lost some of its gains at the beginning of last week as the price went down and bounced off the trendline. Taking into consideration that we are in a strong bullish trend we expect the market to consolidate at any point in order to make more room for upside. As per our previous analysis, a short-term bearish sentiment is on the radar. We can see the Copper breaking the top again in order to create a “stop hunt” area, but we expect more downside to come in the near future. Don’t jump in any trade if you don’t have a clear setup.
Trade safe & a Happy New Year!
Best regards,
Financial Flagship
Disclaimer: The analysis provided is just informal and it should not be used as financial advice. Remember that you need a plan before you start trading; so take this as your guide that will ultimately help you understand the market and easily predict your next move.
XCUUSD reversed from resistance, potential for drop!Price is facing bearish pressure from our first resistance where a potential drop towards our first support target could be expected. Also, price is trending under a descending trendline, and the MACD is showing bearish pressure in line with our analysis.
Cooper 1W Double Bottom Parallel ChannelCopper 1W In the weekly chart i see a double bottom which already broke it's neck line, but I'm also thinking about that it might be as well a rising parallel channel which has a false breakout during the first moments of covid and it's now reaching its top, if it corrects the price the same way it did before it may go heading to a resistance that also matches the bottom of the parallel channel. Comments?
Copper 4H LongIn the 4H chart the price is moving in a rising parallel channel and it's now at the bottom of it, the potentiall target is around 3.82. In the weekly chart the price broke double button which has an objective of around 4.7000
Copper is facing bullish pressure, potential for further upside Price is facing bullish pressure from our first support where a potential rise towards our first resistance target could be expected. Also, price has recently broke out of a descending trendline and is showing bullish momentum on the ascending trendline
Copper is facing bullish pressure, potential for further upsidePrice is facing bullish pressure from our first support where a potential rise towards our first resistance target could be expected. Stochastic is showing signs of bullish pressure as well, in line with our bullish bias.
Copper is facing bullish pressure, potential for further upside Price is facing bullish pressure from our first support and a break above our upside confirmation level could provide the bullish acceleration to our first resistance target. Stochastic and Ichimoku cloud are showing signs of bullish pressure as well, in line with our bullish bias.
