Xcuusd (Copper)
Copper Sell OffOANDA:XCUUSD
Feeling a short opportunity for XCU this week. Currently we have ended last week below the ascending trendline and broke out of consolidative wedge forcing us to go below. I will stick pending orders just below the trendline that has broken in anticipation for a retest of that break to then go back down. I have set 3 take profit target levels for positions to mature. 1 in the middle which looks like a good S&D level. The bottom of the Yellow Macro S&D level. and bottom at our 61.8 FIB retracement to potentially end that sell off to then wait and see what happens at a future date.
COPPER: Double Sell Signal on 4H and 1D.Pattern: 4H Rectangle.
Signal: Bearish (Double) on the 4H Resistance and 1D Resistance.
Target: 2.9000.
Copper is consolidating ahead of another drop Copper retested the breakdown point within a small consolidation.
Watch breakdown for another drop.
COPPER Buy Signal (Support)Pattern: Fibonacci retracement.
Signal: Bullish either now (1D support) or on the 0.382 Fibonacci.
Target: 2.96000.
$ USD / XCU $ - COPPER MONTHLY -Attention should be paid to the decision-making process. According to the decision will be determined pricing.
Copper Futures Long OpportunityWhile commodities get demand, we like to keep an eye on copper where a surge in options trading indicates some supply concerns are creeping into the market.
Add long on the breakout of TL
Is EURUSD a leading indicator for Copper?Based on their correlation since 2002 we can say that EURUSD is a leading indicator for Copper. Especially since 2010, they both trade within a 1M Channel Down, with EURUSD however respecting the Lower Highs/ Lower Lows more. So with EURUSD on a long term bearish trend towards the 1.0358 support, we expect 2.000 long term for Copper. Technically Copper's 1M is on a pivotal point, being neutral overall (RSI = 53.441, Williams = -49.469, CCI = 9.9212, Highs/Lows = 0.0000) so expect the break lower to take place soon.
** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. **
Comments and likes are greatly appreciated.
This is probably the moment.Just trust my opinion, I don't really like explaining. At least, not yet.. good luck..
Copper: Buy opportunity on the 1D Higher Low.The price is trading on a 1D Channel Up (RSI @ 61.767, MACD @ 0.035), which has made this week a Higher Low (Highs/Lows @ 0.0000). The next Higher High is expected on a +8% rise but we are taking a more conservative target. TP = 3.03455.
** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. **
Comments and likes are greatly appreciated.
COPPER: mixed messages but still presenting opportunitiesThe higher time frame trends on copper are presenting mixed messages. There are lots of interesting opportunities if one can exploit lower time frame trends cautiously.
Long Copper for Target $3 (XCUUSD)Long XCUUSD for Target of $3
Buoyed by US-China Trade Deal Optimism. Stay Long With Stop loss near 2.88
xcuusd copper analysispicture of the daily chart, buy low sell high, look at the story behind the chart....what are the candles saying.
i cant trade copper but this is what i would be looking at. buy low sell high and play it on the smaller timeframes.
SHORT IT TO THE GROUND!Self explanatory.
0 strong fundamentals driving the market.
Trend = 0 trend.
Go with the basic TA.
Easy.
Long XCUUSD (Copper) For Retesting 2.86 Levels & HigherCopper has bounced from Crucial Support. With Dow Falling and XCUUSD still Holding Ground.
Long XCUUSD possibly with Continuation of Trend
XCU USD BUY (COPPER – US DOLLAR)Hi there. Price is forming a continuation pattern to the downside. Wait for the price to hit the bottom of the pattern and watch strong price action for buy.
XCUUSD Potential DownsideXCUUSD has formed a head and shoulders pattern, a break below the neckline will signify more downside.
