XCUUSD trade ideas
Bullish bounce off overlap support?COPPER is falling towards the support level which is an overlap support that aligns with the 61.8% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 4.1153
Why we like it:
There is an overlap support level which lines up with the 61.8% Fibonacci retracement.
Stop loss: 4.0489
Why we like it:
There is a pullback support level.
Take profit: 4.2430
Why we like it:
There is a pullback resistance level.
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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.
Copper Crisis?!What will happen with copper? As we can see, we’ve been consolidating for quite some time within our white BC correction level. We briefly attempted a breakout, but it was rejected at the orange level, which marks the reversal zone.
The question now is: so far, we haven’t formed a lower low. I strongly believe we’ll complete our white structure. As you can see, this represents a 60% increase.
What do they know that we don’t? What’s happening with copper?
COPPER PLAYCopper is showing signs of strength. How long that will hold up is anyone's guess and here is mine. A long term major support area is near and what i think will be our last chance to grab some copper at the lower price. Looking to either gain a short entry to kick things off and building a position. however happy to enter if major support is reached first. This is a long term investment and I'll be looking to trade and build on corrections until Major Target is reached.
For any one who may be still be trading my WTI end of year play. I would most seriously look at winding down that trade. Congrats to those who may have followed me in.
PLAY HARD TRADE HARDER
RenmoDs
CopperXCUUSD ( Copper / U.S Dollar )
Completed " 1234 " Impulsive Waves
Break of Structure
RSI - Divergence
Bullish Channel as an Corrective Pattern in Long Time Frame
Order Block
Copper - Markets await employment data!In the 4H timeframe, copper is located between EMA200 and EMA50 and is moving in its descending channel. Copper moved down from the supply zone of the previous analysis. If the upward trend continues, it is possible to sell copper in the next supply zone. The downward correction of copper will provide us with the opportunity to buy it with the appropriate risk reward
The governor of the People’s Bank of China (PBoC) has stated that the central bank will maintain its accommodative monetary policy in 2025. The bank also aims to promote sustainable development in the real estate and capital markets through effective utilization of structural monetary policy tools.
Meanwhile, the United States has imposed new export restrictions designed to curtail China’s ability to advance its high-tech semiconductor industry and slow the development of military applications for artificial intelligence (AI).
In response, the China Internet Association has expressed that these restrictions will significantly harm the healthy and sustainable growth of China’s internet industry. The association has also urged domestic companies to exercise caution when purchasing American chips and to seek expanded cooperation with chip manufacturers from other countries.
In a retaliatory move, China’s Ministry of Commerce has announced a ban on exporting key rare earth metals to the U.S. and is considering stricter reviews for graphite exports. These raw materials are critical for industries such as semiconductors, military systems, electric vehicle batteries, and solar technologies. The ongoing trade tensions between the two nations could have far-reaching consequences for both sides.
In the U.S., it is anticipated that November’s employment figures will reflect recovery after being weighed down by recent storms and a major strike.This aligns with a labor market that remains healthy but is gradually normalizing. According to a Bloomberg survey, nonfarm payrolls (NFP) likely increased by 200,000 in November, with the unemployment rate holding steady at 4.1%.
As the Boeing strike ends and recovery efforts from recent storms begin, November’s job report is expected to be less affected by unusual factors. However, a consistent decline in job openings, moderate employment growth, and layoff plans from companies like Boeing and General Motors indicate a softer labor market overall. These developments, along with Friday’s employment data, could significantly influence future Federal Reserve policy decisions and market expectations for interest rate cuts.
The Wall Street Journal reports that the U.S. construction industry is facing new challenges. The Trump administration’s immigration and trade policies have left homebuilders in a vulnerable position. New tariffs and restrictions on immigrant labor are two key pressures confronting the industry.
For instance, McKinney, Texas, which two decades ago was accessible only via a two-lane highway, has now grown to a city of over 200,000 residents, becoming one of the fastest-growing areas in the country. This city’s development has relied heavily on immigrant labor and industries dependent on imported steel and commodities. However, recent policies are imposing new challenges, leaving homebuilders grappling with even greater difficulties.
Copper Market Insights and Analysis..🌟 Current Market Overview 🌟 Copper is currently trading around $4.10 per pound, reflecting a strong bullish trend with a 20% increase over the past year. The recent stability in prices, coupled with minor fluctuations, indicates a robust market.
📊 Technical Analysis 📊
Moving Averages: Copper remains above its 50-day and 200-day moving averages, signaling continued bullish momentum.
RSI: With an RSI of 55, the market is neutral, suggesting potential for further upward movement.
MACD: The MACD line is above the signal line, another bullish indicator.
Support and Resistance: Key levels are identified at $3.90 (support) and $4.20 (resistance). Watch for potential breakouts!
🔥 Latest Market News 🔥
China Halts US Copper Scrap Imports: Tightening scrap supplies and potential increased demand for refined copper in China.
Global Demand Surge: The push for greener energy solutions is driving up copper demand, leading to price volatility.
Carnaby Resources Acquisition: This strategic move could impact supply dynamics significantly.
Chinese Smelter Cutbacks: Production cutbacks in China are contributing to recent price spikes.
🔍 Market Maker Strategies 🔍 Understanding market maker dynamics can be invaluable. By identifying liquidity zones and price reversals, traders can better navigate and capitalize on market movements. Our latest indicator script identifies high-volume areas, extends liquidity zones, and provides visual cues for potential support and resistance levels.
🌿 Future Outlook 🌿
Electric Vehicles: Expect a surge in copper demand due to the growing electric vehicle market.
Regulatory Challenges: Stricter mining regulations may impact supply.
Technological Advancements: Innovations in mining and recycling are crucial for meeting rising demand.
Stay informed and make strategic decisions with these insights! Feel free to share your thoughts and let's discuss further. 💬📈...
COPPER📊 #COPPER
⏱ TIME: 30M
📝You can enter this position by breaking the ceiling and trendline and consolidating above this.
⭕️risk: MID
📍buy stop: 4.18600
📌TP1: 4.23500 (free)
📌TP2: 4.29000
⛔️SL: 4.13300
Bullish dominance Copper broke a bearish channel and stabilised above 4.000, possibly leading to retest established highs.
Bullish dominanceCopper broke a bearish channel and may head to retest established highs. Failure to continue making newer highs timeframe lows is also another crucial aspect in which the metal may find it's a halt at 4.20911 and 4.3000
Bearish drop off overlap resistance level?COPPER has reacted off the resistance level which is an overlap resistance and could drop from this level to our take profit.
Entry: 4.1258
Why we like it:
There is an overlap resistance level .
Stop loss: 4.2071
Why we like it:
There is a pullback resistance level that aligns with the 50% Fibonacci retracement.
Take profit: 4.0203
Why we like it:
There is a pullback support level.
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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.
Copper-The negative impact of Trump's tariffs on the commoditesCopper is below the EMA200 and EMA50 in the 4H timeframe and is moving in its descending channel. Copper moved up from the demand zone of the last analysis. If the upward trend continues, it is possible to sell copper in the specified supply zones in the short term.
Ken Griffin, CEO of Citadel and a prominent figure in the investment world, has voiced his concerns over Donald Trump’s potential tariff policies. He stated, “I am deeply worried about the president’s inclination to use tariffs as a tool in trade policy.” Earlier this year, Griffin described Trump’s tariff policies as “regrettable” but noted that overall, Trump’s administration has been good for the markets.
Meanwhile, Japanese companies operating in China have grown more pessimistic about the world’s second-largest economy. According to a report by the Japanese Chamber of Commerce and Industry in China, nearly two-thirds of Japanese companies believe China’s economic conditions have worsened compared to the previous year. This figure has risen from 60% in the previous survey to 64%. Additionally, almost half of these companies have either scaled back or suspended their investments. Furthermore, security concerns and incidents like the recent death of a Japanese student in Shenzhen have cast a shadow over diplomatic efforts to improve relations between the two nations.
In the United States, Donald Trump, the president-elect, is assembling a new cabinet featuring individuals known for their hardline stance on China. Trump has nominated John Ratcliffe, former Director of National Intelligence, as CIA Director, Pete Hegseth, a military veteran and Fox News commentator, as Secretary of Defense, and Michael Waltz, a Florida congressman, as National Security Advisor. Elise Stefanik, a congresswoman from New York, has been chosen as the U.S. Ambassador to the United Nations. Additionally, Senator Marco Rubio of Florida is expected to be named Secretary of State. This team is known for its anti-China positions and its belief in a power struggle between Washington and Beijing.
According to a new Reuters poll, the Federal Reserve is likely to cut interest rates to a range of 3.5%–3.75% by the end of 2025. In October, projections placed this range at 3.0%–3.25%. Furthermore, a majority of economists anticipate that in December 2024, the Fed will lower interest rates by 25 basis points to a range of 4.25%–4.5%.
Another survey indicates that 44 out of 51 economists believe Trump’s proposed tariffs will have significant negative impacts on the U.S. economy. Additionally, 57 out of 67 respondents predict that inflation is likely to resurface in the U.S. next year.
XCU/USD "COPPER" Market Money Heist Plan on Bullish SideHallo! My Dear Robbers / Money Makers & Losers, 🤑 💰
This is our master plan to Heist XCU/USD "COPPER" Market Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal / Trap at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Entry 📈 : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Low Point take entry in pullback.
Stop Loss 🛑 : Recent Swing Low using 1H timeframe
Attention for Scalpers : Focus to scalp only on Long side, If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰.
Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss 🚫🚏. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
💖Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
Stay tuned with me and see you again with another Heist Plan..... 🫂
Potential bullish bounce off overlap support?The price is falling towards the support level which is an overlap support and could bounce from this level to our take profit.
Entry: 4.0205
Why we like it:
There is an overlap support level.
Stop loss: 3.9190
Why we like it:
There is an overlap support level that line sup with the 161.8% Fibonacci extension.
Take profit: 4.1278
Why we like it:
There is an overlap resistance.
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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.
copp itChina stimulus and laissez faire trump will inevitably lead to higher inflation.... copper is ready to move,...
bull targets: green
bear: red
The chart appears to analyze copper CFDs on a daily timeframeThe copper market is showing bearish tendencies, with price breaking below a critical symmetrical triangle pattern. Here are the key insights:
1.Technical Breakdown:
Price recently broke the lower boundary of the triangle, signaling a potential continuation of the downtrend.
Strong selling pressure is reflected by increased volume.
2.Support Levels to Watch:
Immediate support: $4.00 (psychological level near the 50% Fibonacci level).
Key support: $3.85 (61.8% Fibonacci retracement and ascending trendline).
3.RSI and Momentum:
RSI still hovers above oversold levels, leaving room for further downside.
Moving averages suggest sustained bearish momentum.
4.Risk and Opportunity:
Traders should watch for a retest of the triangle's lower boundary (~$4.20) as potential resistance before further declines.
Break below $4.00 could open doors for $3.85.
📊 What are your thoughts on copper's next move? Let me know in the comments!
XCUXCUUSD ( Copper / U.S Dollar )
Exp Fiat as an Corrective Pattern in Short Time Frame
Order Block
Break of Structure
Completed " 12345 " Impulsive Waves
Change of Characteristics
Could COPPER drop from here?The price is rising towards the resistance level which is an overlap resistance and could drop from this level to our take profit.
Entry: 4.1271
Why we like it:
There is an overlap resistance level.
Stop loss: 4.2170
Why we like it:
There is a pullback resistance level that aligns with the 50% Fibonacci retracement.
Take profit: 4.0156
Why we like it:
There is a pullback support level.
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.
Potential bullish reversal?COPPER is falling towards the support level which is a pullback support and could bounce from this level to our take profit.
Entry: 4.0217
Why we like it:
There is a pullback support level.
Stop loss: 3.9130
Why we like it:
There is a pullback support level.
Take profit: 4.1200
Why we like it:
There is a pullback resistance level.
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.
Copper as a leading indicator for recessionToday, I was analyzing the charts, trying to determine whether a recession might be on the horizon, as the levels at which the U.S. indices are trading don’t seem sustainable to me at all. While scanning through various global indices— including the DAX, which I believe has already peaked —I also looked at copper as a leading indicator.
This led me to the idea for this educational article.
Using Copper Prices as a Leading Economic Indicator: A Guide to Spotting Recession Signals
Copper, often called "Dr. Copper," is a valuable leading indicator in economic analysis due to its widespread use in various industries. Because copper is essential in construction, manufacturing, and electrical applications, its price is highly sensitive to economic conditions. By monitoring copper price trends, you can gain insights into future economic performance and potentially spot signs of an approaching recession.
Here’s how to interpret and use copper prices as an early signal of economic health.
1. Why Copper is a Reliable Economic Indicator :
Copper’s demand is closely linked to economic activity. In times of economic growth, the demand for copper rises, as it’s used in buildings, infrastructure, electronics, and automobiles. Conversely, when economic activity slows down, demand for copper falls, and prices usually decline as a result.
Copper’s price trends are therefore often seen as a reliable barometer of economic health, sometimes predicting recessions before official economic data confirms it. This makes copper prices a useful tool for investors, businesses, and economists to anticipate changes in the economic cycle.
2. Tracking Copper Price Trends as Economic Signals :
To use copper prices as a recession indicator, pay attention to both long-term and short-term price trends:
Long-Term Trends: Sustained declines in copper prices may indicate weakening industrial demand, which can signal a broader economic slowdown.
Short-Term Drops: A sharp drop over a shorter period might suggest that an economic contraction could be imminent, as industries are potentially scaling back production due to reduced demand.
3. Analyzing Copper Prices Alongside Other Economic Indicators :
Copper prices on their own provide valuable insight, but they’re more powerful when considered alongside other economic indicators:
Copper vs. GDP Growth: Copper prices often move in tandem with GDP growth. A consistent drop in copper prices can signal a slowdown in GDP, providing an early recession warning.
Copper vs. Manufacturing Data: Manufacturing output and copper prices are highly correlated. When copper prices fall alongside declining manufacturing data, this suggests weakening demand across multiple sectors, reinforcing recessionary signals.
Copper vs. Other Commodities: When copper prices drop while other commodities like gold rise (a safe-haven asset), it may highlight investors’ concerns about future economic health. A divergence in copper and gold prices can serve as an additional recession indicator.
4. Observing Copper’s Relationship with Bond Yields and Stock Markets
Copper and Bond Yields: A simultaneous drop in copper prices and bond yields often reflects reduced growth expectations and lowered inflation forecasts, both of which can be early signals of economic contraction.
Copper and Stock Markets: Copper price declines can also precede downturns in the stock market, especially in sectors like industrials and materials that rely heavily on strong economic activity. A falling copper price can thus foreshadow declines in stocks tied to economic growth.
5. Considering Global Influences on Copper Demand
Copper’s demand is significantly influenced by global economic conditions, particularly in major economies like China, the largest consumer of copper worldwide:
China’s Economic Health: Since China consumes a large portion of the world’s copper, changes in its economy directly impact copper prices. A slowdown in China’s economy could indicate lower global demand, often preceding a broader economic downturn.
Supply Chain Factors: While copper prices largely reflect demand, they can also be influenced by supply chain disruptions, such as mining issues or trade restrictions. It’s important to distinguish these factors from demand-based price changes when interpreting copper’s economic signals.
Practical Tips for Using Copper as a Recession Signal:
Here are some actionable steps for using copper prices as an early warning of economic downturns:
Establish Price Decline Thresholds: Significant declines in copper prices (e.g., 15-20% over a few months) have historically preceded recessions. Establishing such thresholds based on historical data can help signal potential slowdowns.
Combine Copper with Other Indicators: Look at copper prices alongside yield curves, consumer confidence data, and manufacturing PMI. Copper price declines are often more reliable when they coincide with other recessionary indicators.
Stay Updated on Market Reports: Monitoring industry reports, forecasts, and economic analyses regarding copper can provide insight into whether price changes are due to demand shifts or short-term supply issues.
Conclusion:
Copper prices act as a reliable economic gauge because they are so tightly linked to industrial activity. Sustained declines in copper prices often signal a reduction in demand, hinting at a possible economic downturn before other indicators confirm it. By observing copper prices in conjunction with other economic signals, investors, analysts, and businesses can better anticipate recessions and make informed decisions based on early economic insights.
By integrating copper price trends into your economic analysis toolkit, you can gain a clearer picture of potential economic slowdowns, giving you an advantage in strategic planning and investment decisions.
