Copper Intrady Setup.Copper - Intraday - We look to Buy at 3.019 (stop at 2.999)
We look to buy dips. Dip buying offers good risk/reward. Previous support located at 3.020. Support is located at 3.000 and should stem dips to this area. A move through 3.080 will confirm the bullish momentum. Our outlook is bullish.
Our profit targets will be 3.079 and 3.097
Resistance: 3.080 / 3.090 / 3.100
Support: 3.050 / 3.035 / 3.018
Xcuusdlong
#Copper - Higher High - Position yourself long term #XCUUSDToday, August 19, 2020, the 2019 April high within wave 1 of wave III was taken out of the market. Whoever wants to earn real money in the next few years, as with gold and silver stocks, can now also position himself with copper or its producers.
I introduced a few in the last YT video.
In my opinion, price setbacks should be used for strategic entry or position building.
Greetings to yesterday's participants from Hayek-Club Hannover
Stefan Bode
Copper is facing bearish pressure from our first resistance Price is facing bearish pressure from our first resistance and descending trend line, where we could see a further drop below this level. A break below our downside confirmation level at 2.82402 could provide the bearish acceleration to our first support target. RSI is facing bearish pressure as well.
XCUUSD to reverse from downside confirmation, potential drop!
XCUUSD to reverse from its downside confirmation at 2.82960 where it could potentially drop further to 2.70502.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.