CopperPair : CU - Copper
Description :
Completed " 1234 " Impulsive Waves
Break of Structure
Demand Zone
Rejection from Ascending Trend Line
Fibonacci Level - 50.00%
COPPER April 23, 2024: 52-Week HighAs of April 23, 2024, CAPITALCOM:COPPER is trading right above the multi-week high (from January 2023).
CAPITALCOM:COPPER moved above this resistance last week and is currently testing it.
With the stop loss below the low of last week, I think it is appropriate to open a long position here w
Copper overboughtCopper has been in an uptrend since february 2024.
Price is currently outside Bollinger bands (50 period).
Some of the reasons copper has been rising is near term demand and shortages, some articles pointing out to data center demand for copper for the AI boom.
With Nvidia, intc, amd and other t
Copper to $4.75 per poundIf the markets continue to allow the metals to perform, copper could EASILY fly to $4.75 or higher in less than a year.
DYOR
Trade Slick
copperHolding copper due to strong fundamentals, long trade idea. SL moved to Break even and partial profits taken
Copper Ready to ClimbShow me $4.50/lb copper. I'm ready for it.
A bull run could top far higher than that too. I think $4.50 is a very conservative speculation.
DYOR. I go strictly by the charts.
Commodity trading, let's goCopper is crushing it!
I've been trading commodities for a long time now and thanks God is finally showing. Besides Oil, copper was one of the best trades this last quarter:
(the second could've been maintained for better gains) but this is the way I trade commodities,
Check the trend (very si
COPPER, THE MUSICAL.. ERR I MEAN, GUIDE. (Cu, Copper)COPPER, What's the deal with this shiny brown stuff that I hear everyone steals?
Should I steal copper or is there a better way?
What do I need to know?
What is the fast summary to catch me up?
First, let's talk about the technicals.
Some massive trends, all strong.
price targets labeled
there are
I am taking short at leadGuys I can see the rejection from the same previous point.
Immediate target should be 2089
Sl should be2170
See all ideas