Copper prices breaks resistance level after over a decade. Reason for this is Copper has responded to China’s industrial growth and global manufactured goods demand. Idea originated from CME and Goldman Sachs Exchange podcast - Copper is the new oil.
NYSE:SCCO We can see a wedge breakout on heavy volume, small decline and retest. Probably, it is a second chance to enter long on this price level.
Opportunity to watch in Copper. Possible impulse for Long. Price is a bit below it ATH, but, before dump, it must clear the path. Let me know what do you think. And thumb up if you find this is good content. Peace and Joy! Crypto SolArb
Inflation along with supply shortages will send copper to the moon
Sentiment Sunday: - Eyes are on gold this week, gold bugs are buzzing about a possible explosive breakout. - Rising material costs signaling consumer inflation, yet Fed's monetary inflation model has not indicated inflation yet. - Mixed sentiment, as Fed is likely to maintain dovish monetary policies. - Energy, Industrials, and Industrial/Capital Goods-related...
As we mentioned in our previous analysis, Copper pulled-back and it looks like the price is starting to lose momentum, after reaching our trendline. In this context, in the coming week expect this pair to make a new top. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it should not be used as...
copper is up trade progress long time this year copper 36% gain this rang very somuth for sell but without stoploss no trade my prediction in the chart
I'm expecting Copper to continue its great run. Next target $5.
Copper has a healthy stair-step trend, with mid-term consolidations after big rally's, as drawn in chart. We are about to make the measured move which I projected in my last chart on this ETF, at this point I expect we could enter a period of consolidation. Risk Management I will tight my exits to the 5-day moving average once we complete the measured move....
In our previous analysis, Copper continued, as expected, its strong bullish momentum. In this context, we anticipate a pullback to occur in the following days, towards the support area before continuing the big Monthly uptrend. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it should not be...
Copper trend extended after nice consolidation.
Going through several FX pairs, the importance of the USD, all the important commodities (Gold, Copper, Oil) and finally some indices like the Nasdaq 100, S&P 500, Nikkei etc.
#COPPER mcx -12TH MAY 2021- HOURLY TRADE- COPPER IS TRADING ABOVE THE WEEKLY SUPPORT AND TREND LINE SO WE WILL BE LOOKING FOR THE BUY OPPORTUNITIES NEAR 794 AND SL WOULD BE AT 787 AND TARGET 822 , TRAIL SL, TRADE CAUTIOUSLY.
Copper prices are testing our first support in line with our 23.6% fibonacci retracement, 61.8% fibonacci extension and ascending trend line where we could see a further upside above this level. EMA and Ichimoku cloud are showing signs of bullish pressure as well, in line with our bullish bias. A break above our upside confirmation level in line with our...
Jubilee broke a strong resistance at R3.50, shooting up 18% to hit R4.15. I expect a pullback as it reaches the upper end of the trend line, before moving higher again. I'll use this upcoming pullback to add to my position.
Pls look at charts Target given both sides. This is for education purpose only.
Copper prices are testing our first support in line with our 23.6% fibonacci retracement, 61.8% fibonacci extension and ascending trend line where we could see a further upside above this level. EMA and Ichimoku cloud are showing signs of bullish pressure as well, in line with our bullish bias.