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Xcuusd (Copper)

COPPER No longer lovers? I just realized the Copper suffered a big drop and well, I'm wondering if we see no longer lovers on copper. The red metal dropped more than 18% since June and metals are accelerating a selloff over fears that the trade fight between China and the U.S. will dent economic growth, stunting demand for raw materials. At the moment China is a very peaceful actor, but they have their own plan to revert any challenge to the U.S. 2 red ellipses are a kinda way to broad, but the monthly trend line seems an unavoidable spot where to go. Keep in mind our last idea on Copper. Learn how to beat the market as Professional Trader with an ex-insider! Just 3 seats available. Have a Nice Trading Week! Cream Live Trading, Best Regards!
OANDA:XCUUSD
by wildcreamlife
So far Long. But bearish reversal if 2.6938 crossed.Copper is on important crossroads. It has so far rebounded on the 1st 1W support at 2.69388. This is a medium term bullish signal towards 2.85479 as 1D is already easing the previous oversold MACD = -0.081, Highs/Lows = -0.0468, B/BP = -0.1300. 4H is already on neutral STOCH, ADX, Williams, Highs/Lows, steady enough to sustain this bullish counter-leg. The current trade is long, TP = 2.85479 but if 2.69388 breaks, then we'll take a short towards the 2nd 1W support (2.45945) with TP = 2.45945.
OANDA:XCUUSDLong
by InvestingScope
Copper. Multi-year correction is over. Target 1.94Copper was doing good during last two years as it rallied from sub-2 to above-3 levels. But the structure is corrective so the wave C finished the correction being equal to wave A by size. Then we saw a breakdown below the white support this March. After that there was a healthy pullback, which was rather menacing as it almost broke the earlier top but failed just one cent ahead keeping the whole structure intact. So the support at the 2.94 level is crucial as it already rejected the drop once before. Watch it to be broken before further meltdown could occur in the copper market. The minimum target is at the previous major low at the 1.94. What is sad about it - copper means economy, weak copper means weak economy...again?
FX:COPPERShort
by aibek
2
Copper / XCUUSD / CU - Preparing for bullish buy signalCopper has taken off from a nice bullish pin bar that had formed off of a key support trend line. This was a near text-book pin bar setups and the types of setups price actions traders should always be watching for. Price blasted off higher from the pin bar and is finally having a little bit of pause from a key resistance zone. When I will be watching for is for price to either fall back to the same support trend line and for another buy signal to form, or if price breaks through key resistance I will then be watching for a pullback to this level (which would have become a support zone) and then watching for any price action candlestick buy signals to form.
OANDA:XCUUSDLong
by krugman87
Copper Short CallingGiven that copper prices have climbed to an almost all time high as well as the past positive and negative correlations, a long is still profitable. However, a short where you buy and sell until 1st quarter of 2018 has a much better potential for gains. Also looking at the bollinger bands, this is still profitable but not as profitable as other things you could invest in. This is more of an overall conservative strategy to make some returns but not ones that are significant.
OANDA:XCUUSDShort
by gamer456148