Copper is approaching support, potential bounce! Copper is approaching 3.00712 where it could potentially rise further to 3.09457. A break above our intermediate resistance level at 3.06076 could provide the bullish acceleration to our first resistance target.
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XCUUSD trade ideas
Copper broke key support level, potential for further dropPrice broke a key support level previously and is facing bearish pressure from our 20 period EMA, Ichimoku cloud and descending trend line, where we could see a drop to our first support target.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks
No stopping for CopperAfter the historic bull run across the commodity market it seems we have finally seen a long awaited pullback. My medium/ long term projection is still favouring more bullish price action although as it stands all pairs are range bound.
It seems as though Copper in particular has been scooped up by Chinese investors as well as being influenced by a boom in home builders, paving the way for more long positions. Of course the path will not be linear; I suggest buying dips for the long term and trading intraday positions (as seen above) over the short term.
Copper to climb from upside confirmation, potential bounce!Copper to climb from its upside confirmation at 3.03976 where it could potentially bounce further to 3.08186.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
!Copper (+10.35%) [Hold] for Sep 20'I'm remaining long from this signal given on the 6th of last month. Currently floating +10.35% from this position-- un-marginalized. The margin account used for this trade risked 2% for a +21.034%% current floating gain on this long. Stoploss has been and is remaining just above entry.
Copper - No trade at the momentThis commodity has been my nemesis. I desperate want to trade it, but still figuring it out.
Currently just sitting back and seeing the way price action moves on this one.
Please feel free to give me some direction on this metal.
Disclaimer: I am still new to trading and testing my strategies. Not all trades Ideas I post will result in live trades. They might be tested on demos accounts.
Please share your Ideas with me and I am always open to positive criticism.
Remember to use risk according to your appetite.
Thanks for Checking out this Idea.
Copper bounced from support, potential for a further rise Copper bounced off 2.94831 where it could potentially rise further to 2.98328. A break above our upside confirmation level would provide the bullish acceleration to our first resistance target.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks
Copper to climb from upside confirmation, potential bounce!Copper to climb from its upside confirmation at 2.94902 where it could potentially bounce further to 2.98162.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Copper to climb from upside confirmation, potential bounce!Copper to climb from its upside confirmation at 2.94902 where it could potentially bounce further to 2.98162.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.