Trade Idea: Buying Copper Reasoning: Copper oversold and trading at a key 50% Fibonacci retracement level Entry Level: 3.5079 Take Profit Level: 3.6428 Stop Loss: 3.4763 Risk/Reward: 4.04:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved...
At the beginning of June I put out an idea about shorting Copper . The market didn't do me the favor to get up to my entry, as I ignored past resistance. Probably got a little greedy too. Currently copper is sitting at support and could bounce up to 4$, maybe even up to 4.25$. However in the long term, I see it go much much lower. In my opinion we are in a...
XCUUSD - Intraday - We look to Sell at 4.099 (stop at 4.135) Our short term bias remains negative. There is no clear indication that the downward move is coming to an end. 20 4hour EMA is at 4.100. Preferred trade is to sell into rallies. Our profit targets will be 4.011 and 4.001 Resistance: 4.050 / 4.100 / 4.130 Support: 4.000 / 3.950 / 3.900
XCUUSD - Intraday - We look to Buy at 3.971 (stop at 3.934) With signals for sentiment at oversold extremes, the dip could not be extended. 3.971 has been pivotal. We look for a temporary move lower. Bullish divergence is expected to support prices. Our profit targets will be 4.064 and 4.084 Resistance: 4.050 / 4.100 / 4.130 Support: 4.000 / 3.965 / 3.900
Copper opens the week on a bearish note, slips below 110-week EMA Technical indicators are biased lower. Stochs and RSI show bearish momentum.
Copper bounced very hard off the Yearly Pivot, however it doesn't look ready for a new sustainable rally. Maybe this bounce had something to do with a fundamental catalyst, but nothing to do with the bull market resuming. To me the market is in a very clear distribution phase, and it simply bounced after taking out several major lows. Essentially this is a short...
Trade Idea: Selling Copper after 78.6% resistance Reasoning: Intraday head and shoulders top, looking to hit measured move target Entry Level: 4.276 Take Profit Level: 4.175 Stop Loss: 4.301 Risk/Reward: 4.04:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high...
XCUUSD - Intraday - We look to Buy at 4.221 (stop at 4.184) Short term MACD has turned positive. 50 4hour EMA is at 4.221. 20 4hour EMA is at 4.225. We look to buy dips. Our profit targets will be 4.313 and 4.333 Resistance: 4.300 / 4.350 / 4.400 Support: 4.250 / 4.200 / 4.150
XCUUSD - Intraday - We look to Buy a break of 4.551 (stop at 4.512) Daily signals are mildly bullish. We are trading at oversold extremes. A higher correction is expected. A break of the recent high at 4.550 should result in a further move higher. Our profit targets will be 4.651 and 4.671 Resistance: 4.550 / 4.600 / 4.650 Support: 4.450 / 4.400 / 4.350
We have seen an impressive bull run on Copper and Copper stocks over the past few months, my calculations / analysis shows that this may now be coming to an end and we should expect a short - term sell off on Copper and Copper stocks in the next coming weeks. Copper (XCUUSD) will be entering a correction in the second quarter of 2022. At the current price,...
Retest of previous support now turned resistance. Looking for 3.6%.
Copper's been trading tightly above the 50d/200dsma and is joining the commodities boom seen in agriculture and energy Here's a view of the weekly chart with the 50 week moving average. That tightness in price action is exactly what you want to see before a major move higher. Measured target is at least mid 5s
Investors looking for value long-term better have a look at Copper, which has been consolidating ever since its May 2021 All Time High (ATH). The 1W MA50 (blue trend-line) has been supporting all this time, indicating that the market has found a new long-term demand zone where buyers step in. The last time a similar demand level on the 1W MA50 took place was...
View On Copper XCU/USD (25 Nov 2021) Copper is good UP gradually and the main momentum is in the LONG side. As a trader we shall stick with the main trend, while we scout for the best possible entry, As long as the price of Copper doesn't go below $390 again, it is a better bet to be on the buy side. It shall retest $460 soon. $485 and $500 will be the...
In the coming week, we anticipate the price to reach the resistance area highlighted on the chart. We expect this move to have corrective nature. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading;...
In the coming days, we are expecting the pair to start a consolidation that has the potential to the resistance level. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and...
In our last week’s analysis, we anticipated the pair to finish the consolidation and make a new top. Instead, the price made a deeper than expected pullback. For next week, we could see a bullish move developing, at least for correction. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it...
In our last week’s analysis, we correctly anticipated the pair to pullback. For next week, we foresee the pair finishing the consolidation and making a new top. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you...