CFDs on Copper (US$ / lb) OANDA:​XCUUSD

copper is looking good for another push to the up side.

Copper / H1 / Cup and Handle Pattern

Research based on tracking what the commercial hedgers are doing...

COPPER NEXT BIG MOVE COMING SOON

Range trading

Copper facing resistance at VWAP

Channel Down on 1D (RSI = 43.566, Highs/Lows = -0.0203, BBP = -0.0350) with a porjected Lower Low on the medium term at 2.92894 but a strong 4H support (MACD = -0.009) at 2.98796. We are willing to take this quick short opportunity (TP = 2.98796) and add another one at 3.08978 if needed.

Coming close to a buy for FCX. Watching to see if 3.05 - 3.07 is the pivot.

COPPER MAJOR TREND UP

Copper 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 ...

Copper has continued to rally with breaking the sym.triangle resistance trendline and psychologically key resistance 3.2980. We expect the AUDUSD will follow the copper's lead. Based on this lead, we forecast a bullish target at 0.7750-0.7800 initially, with potential support zone finds between 0.7475-0.7450.

The consolidation seems over to me, and we may be at the beginning of a 5th-wave for a cycle completion. If theses the case, I would advise that one entered into a slower longterm trade and also uses the phase of the cycle to capture shorter term trades. Additionally, the whole trade war rhetoric might be driving the rise in this commodity as nations and ...

Comments on the chart. Barring any Trade war escalation or other negative fundamentals this idea could play out as expected. One concern though is the $ strength. I will have to be extra vigilant if I take this trade.

Price is trapped within a range, does not look like the uptrend(channel) is holding. From what I see now, I would see price drop. What can happen: > Price aim for 2.8, maybe further targets down to 2.5

Expecting one more move down before rise. Watch price action at bottom for buy.

Dear Traders ,,, we have here Copper XCUUSD on the 4 hours time frame. wait for the break below to go short ... Regards MENA-FX

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next big move in metals market