Copper broke a key level and has plenty of room for more upside growth.
Price is facing bullish pressure from our first support in line with our ascending trend line where we remain bullish above this level. A break above our upside confirmation level could 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...
We are seeing a medium-probability bullish scenario as price is expected to climb from its upside confirmation at 3.38857 where it could potentially bounce further to at 3.43137. It is worth noting that price continues to trend above the Ichimoku cloud, which indicates bullish pressure. Trading CFDs on margin carries high risk. Losses can exceed the initial...
We are seeing a medium-probability bullish scenario as price approaches our first support area at 3.30102, where we could see a further rise at this level towards our first resistance at 3.34271. It is worth noting that price continues to trend above the Ichimoku cloud and ascending trendline, which shows bullish pressure. Trading CFDs on margin carries high...
Flat formation started in 2016 seems completed. I would expect reversal very very soon.
Copper traded on the COMEX looks bullish. Currently at 3.20 per pound, the chart shows an Eve and Adam bottom forming between 2015 and now. The expected target of this move would be 4.70 which would put the market five cents above its old high set in Feb 2011 of 4.65. From 4.65 I would expect the market to revisit the 3.30-3.60 region to make a strong bottom...
Support us by consulting our free daily magazines with color stock charts and weather maps on our commodity-market-review.com website. TECHNICAL ANALYSIS OF COPPER Last week, COMEX copper futures closed higher at $3.2910 per pound. Hope for a vaccine is fuelling the markets, and Pfizer and Moderna announced very encouraging results. Many countries, such as the...
On the back of growing demand out of China (50% of global demand), Asia recovery and general optimism from Vaccine news, Copper has reached record levels that haven't been seen since June 2018. Last night's U.S. manufacturing in November saw the quickest pickup since September 2014, driving expectations of higher base metals demand in the US for next year. Low...
We are seeing a medium-probability bearish scenario as price has reversed from our first resistance area at 3.28810, where we could potentially see a fall below this level towards our first support at 3.21852. The Stochastic indicator shows a bearish divergence, which also indicates a bearish reversal. Trading CFDs on margin carries high risk. Losses can exceed...
At $4.9M mkt cap with 17M float, I believe GSPR offers one of the best risk/reward in the junior mining space: - tight share structure with 25% held by insiders - 28% discount to just closed .40 financing ($500M) - high grade past producing Copper mine - adjacent to Teck Resources' Highland Valley Copper open pit operation - Copper prices are surging to multi-year...
Long and short level with targets shown...SL at your own risk
We caught the reversal nicely. Currently prices are approaching our first support where we could see a bounce above this level. The Ichimoku cloud is showing signs of bullish pressure as well in line with our bullish bias. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
1h time-frame: end of 5th wave. MACD and RSI sell signal. fibonacci price levels created a strong price cluster. 4h time-frame: end of wave C. bearish engulfing candle with trigger.
We caught the reversal nicely. Currently prices are approaching our first support where we could see a bounce above this level. The Ichimoku cloud is showing signs of bullish pressure as well in line with our bullish bias. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
We caught the reversal nicely. Currently price is facing bullish pressure from our first support where we could see a bounce above this level. The Ichimoku cloud is showing signs of bullish pressure as well in line with our bullish bias. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
We caught the reversal nicely. Currently price is facing bearish pressure from our first resistance where we remain bearish below this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks