CU CopperPair : CU - Copper Description : Break of Structure Consolidation Phase in Short Time Frame RSI - Divergence Demand Zone Completed " 12345 " Impulsive Wavesby ForexDetective5
Copper price slumps as traders take profits, where to next? After appreciating over 28% in the past month-and-a-half, copper price slumped overnight. Increased media attention to the rally in copper prices led to the inevitable profit-taking on Wednesday, causing the metal to shed over 5%. The pullback has attracted some buyers to restock at lower prices, buby CapitalcomUpdated 4
The Dawn of a Copper Wave: Metal Hits Record ValueCopper prices are hitting unprecedented records. On Monday, 20 May, the cost of copper on the London Metal Exchange (LME) reached a record nominal high of $11,104 per metric ton. Moreover, as analysts predict, the metal price are anticipated to double . The main reasons behind copper’s ATH in Longby Julia_Khandoshko1
Heading into pullback resistance?Copper is rising towards a resistance level which is a pullback resistance and could potentially reverse from this level to our take profit. Entry: 5.1345 Why we like it: There is a pullback resistance level. Stop loss: 5.2178 Why we like it: There is a resistance level which lines up with the 127Shortby VantageMarkets8
CopperPair : CU - Copper Description : Completed " 12345 " Impulsive Waves Break of Structure and Retracement RSI - Divergence Consolidation Phase in Short Time Frame Resistance Level by ForexDetective4
copper speculation honestly copper looks great, big week of MRN up ahead, from a HTF POV looks like theyre starting to put pressure on monthly breakout traders. were currently in level 2 ofcurrent year's expansion. lets see how the week setups up. if i were you, id save your bullets for friday. from my experience, theLongby thesturdygentleman0
copper don't see recession comingbig resistance breakout and vertical meltup price made bottom in july 2022 since than it is up it is flying like there is no fear of recession it is flying like fed can have economic boom without inflation by Sangam-Agarwal3
Copper Leading inflation to catastrophe This revelation is indeed alarming: when examining copper prices in relation to U.S. CPI figures since 2020, we observe a remarkably strong positive correlation, not in each individual movement but in the overall trend and the reversals of peaks and troughs. Copper prices have surged significantly sby geokho19950
copper is bullishCopper prices were seen breaking out to their highest levels in two years today. A combination of a weaker US Dollar and developments within the Chinese macro backdrop have helped fuel a fresh wave of buying. Copper futures are now up around 30% off the YTD lows and look poised for further gains witLongby MtICHIUpdated 5
Will Copper follow Gold?Another Metal is ready to break into ATHs. Looks like all the precious metals are ready to start flying. IMO if the material is needed in tech over the next ten years or weapon systems then the price will fly.Longby oliverjward10