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

Copper is trading within a 1D Channel Down (RSI = 43.155, MACD = -0.058, Highs/Lows = -0.0015, B/BP = -0.0380) after reaching the 2.54472 mark. It is now near a new Lower High = 2.69388, which if it holds, will test the 2nd 1W support = 2.45945, which is our target for the new short on XCUUSD. If the Lower High is crossed, the we will get a temporary rise to 2.85479.

...wait for the break of the support line. For SL/TP pls. see chart. This is not an Investment advise this is just my personal opinion.

Potential long position forming with Copper on daily chart. Using simple wave analysis, Ichimoku overlay, OBV and MACD indicators, signs of a trend reversal in Copper are showing adequate confluence. The daily chart for copper is a good example of plotting Elliot waves. As you can see, ABC corrective waves has fallen between impulsive waves 3 and 4. This is a good ...

Break down on hourly chart . 2.68- 2.70 may act as resistance .

I usually short term trade/swing trade so often trade support and resistance no matter market trend, this would be on 1H (1 hour) time view here on tradingview, if you look at my charts, they gear toward short-term trades. However I always look at the long-term analysis too and on the daily/long-term view of Copper (CUU), it looks like it has completed its ...

14th Aug 2018 FUNDAMENTAL ANALYSIS The analysis that follows in my discussion is quite deep, be prepared for some solid insight into the market for commodities, global economic analysis and the current situation of this 'trade war'. As such, I will endeavour to succinctly tie up fundamental and technical analysis to provide you with a good understanding of the ...

Short till first support and then trade as per the reaction on the support. Correlate with chart

Is copper going to crash? ... 1USD ?... soon? Poor Chile...

Copper has had a capitulation type sell off today to reach the 2.54 medium term target for the Double Top formation. May get some kind of bounce from here. Could test small long at 2.55 with a stop below 2.50 for a bounce. Personally I have no position as if risk off in markets really takes hold we could see more pressure....

I expect Copper to produce more of a correction here at least. I would look for buy setups. It came off the 1.618 extension and just gave a very simple 3 wave. Should be a nice buy coming on this but we are likely still in correction so manage properly.

Looks like copper has found new support, added new line in my chart, represented by last yellow line, bought in at latest support but set a stop loss for a further downtrend.

The weekly chart is below the moving average indicating a bear trend. The daily stochastics crossed over yesterday just under 80 on the scale and going downwards. The trailing bar after the stochastic crossover is covering bearish and lower low. Looks like wave 2 has just completed with some way to continue. I've just gone short and targeting 2.69 in a week. I ...

It is no rocket science that copper has been plummeting down but the question is 'when can we expect a trend reversal to the bull side?' Well here is my chart on this, the yellow lines represent areas i was looking at for downtrend to complete so i can buy in. Now i have bought in a position at target 2, which is the middle yellow line as i believe we have likely ...

Copper counts and measures out to have done a textbook Elliot 5 wave impulse and is now in correction. Therefore, I would expect at least a 50-60% retrace. The 200MA on weekly and 800MA on daily appear to be fairly close to lining up with each other around the 50% retrace. Possibly a spot to get a buy setup for at least a small pullback. I think we should get ...

OANDA:XCUUSD is on a marks to run to the moon. Its time for bulls to rule now. Lets monitor this trade and see how it goes.

- Breaking downtrend (purple line) - I am a buyer at confirmed breakout of first Retracement level (yellow line) - Volume Profile suggest we could see the price move from current levels to 2.83 and even 2.9 with little resistance (according to 1D volume profile) - This kind of attempted breakout, seems to common amongst the commodities complex. Counters: - as ...

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 ...

Go long potential good R:R trade