Copper

About to make a move above 200ma RSI strong & MACD about to cross 10.8p - 1st target BFS to come by end of MAY

Pattern: 4H Rectangle. Signal: Bearish (Double) on the 4H Resistance and 1D Resistance. Target: 2.9000.

Pattern: Inverse Head and Shoulders on 1D. Signal: Bearish as the price was rejected on the 4H Resistance. Target: 2.89100 (above the 4H Support).

China GDP and Retail Sales is scheduled to release. A Better than expected data could trigger the bullish move. Levels As Described

Hello traders! Today we will talk about metals, specifically Copper. Metals are in a big rally and everyone is looking for a potential resistance, especially on Gold and Silver! But, Gold and Silver are quite unclear at this stage and it's hard to predict, where are they going to stop, so in our opinion, it's always good to take a look at correlated markets and...

CFDs on Copper (US$ / lb) OANDA:XCUUSD Example: 4H Rectangle . Flag: Bearish (Double) on the 4H Resistance and 1D Resistance.

Copper is currently a sell but not long before buyers come back in. My labelled zones are only a rough idea of where i think the market may touch before turning around. Decide on your own Entry & Exit. If you do decide to enter a sell from this point, then i would put a SL around 10pips about zone A because market can always go back up to A again before coming...

I think any pull back in copper is a sell until we reach target D and then buyers can come in and take in up. Could go further than my TP but those are my targets for now. DISCLAIMER Please note that this chart is an opinion based chart only. Please trade at your own risk

Regards ;) !

Recent price action in copper looks terrible.

Short sell if price stop below 2.95. Price target demand level 2.85 and 2.8. Stop order above 2.97

Copper retested the breakdown point within a small consolidation. Watch breakdown for another drop.

Just a weekly view ...

Pattern: Fibonacci retracement. Signal: Bullish either now (1D support) or on the 0.382 Fibonacci. Target: 2.96000.

Attention should be paid to the decision-making process. According to the decision will be determined pricing.

Attached below is an update discussing the economic indicators that are weakening. Copper is confirming that this might feed on itself.

EW suggest grinding towards $2.3- $2.4 of 50%-78.6% of fib level for C. Weekly and Monthly RSI shows weakness. Confirms the larger downtrend. Find Sell setups on lower TFs. Good luck Robus

TP 2,9400 SL 2,8690 Cheers..!