Copper prices are approaching support, potential bounce Copper prices are approaching our first support in line with our 23.6% fibonacci retracement and 78.6% fibonacci extension, where we could see a further upside above this level. Ichimoku cloud and EMA are showing signs of bullish pressure, in line with our bullish bias.
COPPER trade ideas
Copper - A Decade of RecoveryI firmly believe XCUUSD is performing super similar to XAUUSD back in 2020. Testing the previous highs, breakout, and falls apart. I believe the same thing would probably happen for XCUUSD as well. 4.64532 is in sight, and that should not be a big deal for copper at all. Very obvious H&S, I am aiming for 4.8ish easily.
Copper prices are facing bullish pressure
Copper prices are facing bullish pressure from our first support in line with our 23.6% fibonacci retracement, 78.6% fibonacci extension and horizontal pullback support, where we could see a further upside above this level. Ichimoku cloud and EMA are showing signs of bullish pressure, in line with our bullish bias.
Copper prices are facing bullish pressure Copper prices are facing bullish pressure from our first support in line with our 23.6% fibonacci retracement, 61.8% fibonacci extension and horizontal pullback support, where we could see a further upside above this level. Ichimoku cloud and EMA are showing signs of bullish pressure, in line with our bullish bias.
COPPER (XCU/USD) – Week 16 – Important area ahead.Last week, Copper reached the resistance area and it looks undecided at the moment.
In the coming days, based on the market structure, the next probable move is a bearish impulse that may push the price into the liquidity pool area, but for now, we don’t have a clear setup.
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 use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
COPPER (XCU/USD) – Week 17 – New top expected.Last week, the Copper price increased and broke the resistance, despite our analysis in which we anticipated the price will drop from that level.
In the coming days, we anticipate that we will break the top and then go in a “stop hunt” phase that can push the price down towards the support area.
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 use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Copper facing bullish pressure, potential for a rise!Copper prices are facing bullish pressure from our first support in line with our 38.2% fibonacci retracement and previous swing low, where we could see a bounce above this level. Ichimoku cloud and EMA are showing signs of bullish pressure, in line with our bullish bias.
Copper prices are approaching support, potential bounceCopper prices are facing bullish pressure from our first support in line with our 38.2% fibonacci retracement and 78.6% fibonacci extension where we could see a bounce above this level. Ichimoku cloud and EMA are showing signs of bullish pressure, in line with our bullish bias.
Copper prices are facing bullish pressure, further upside! Copper prices are facing bullish pressure from our first support in line with our 38.2% fibonacci retracement and 78.6% fibonacci extension where we could see a bounce above this level. Ichimoku cloud and EMA are showing signs of bullish pressure, in line with our bullish bias.
Copper prices are approaching support, potential bounce Copper prices are approaching our first support in line with our 50% fibonacci retracement and 78.6% fibonacci extension where we could see a bounce above this level. Ichimoku cloud and EMA are showing signs of bullish pressure, in line with our bullish bias.
COPPER (XCU/USD) – Week 15 – Expecting the price to drop.Last week, Copper continued to lack volatility and moved sideways the whole week.
In the coming days, we expect the price to start falling and finish this complex correction, reaching the liquidity pool area that we highlighted on the chart.
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 use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Copper prices are facing bullish pressure, potential bounce Copper prices are facing bullish pressure from our first support in line with our 50% fibonacci retracement and 78.6% fibonacci extension where we could see a bounce above this level. Ichimoku cloud and EMA are showing signs of bullish pressure, in line with our bullish bias.
Copper prices are facing bullish pressure, potential bounce Copper prices are facing bullish pressure from our first support in line with our 78.6% fibonacci retracement and 100% fibonacci extension where we could see a bounce above this level. Stochastic is testing our support at 7.55 as well where we could see a bounce above this level.
Copper prices are approaching support, potential bounce Copper prices are approaching our first support in line with our 78.6% fibonacci retracement and 100% fibonacci extension where we could see a bounce above this level. Stochastic is testing our support at 7.55 as well where we could see a bounce above this level.
Copper prices are testing support, potential bounce Copper prices are testing our first support in line with our 50% fibonacci retracement and 78.6% fibonacci extension where we could see a bounce above this level. Stochastic is showing signs of bullish pressure as well, in line with our bullish bias.