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CFDs on Copper

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COPPER trade ideas

CopperThe Copper after COVID-19 underwent changes, this utility metal use in Electronic devices, Telecom industries, Kitchen appliance and … . due to quarantine and preferring online jobs and increasing communicating between firms via internet and working from home, The online businesses and works developed and the producing Electronic instruments and telecom infrastructures raised. Now we are in highest value for this metal and countries started to vaccination of all people, So it seems be better for traders to going to short. I think it will has a correction during the next couple of weeks.
FX:COPPERLong
by DanieCooper
COPPER (XCU/USD) – Week 10 – Is the pullback over?Copper respected our previous analysis and erased 2 weeks of gains reaching the liquidity pool that is highlighted on the chart. From there the price found some support and it looks like it’s gaining some bullish momentum. Still early days, but we are expecting the price to increase and head towards the resistance level that we highlighted on the chart. Don’t forget that at this point we strongly need a bigger corrective structure to develop, so the bullish trend could be short-lived. 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.
OANDA:XCUUSDShort
by financialflagship
28
COPPER (XCU/USD) – Week 9 – Anticipating a bearish pullback.The copper market edged to new highs at the beginning of last week, with the price almost reaching $4.40 level before starting an aggressive bearish impulse. It seems that the consolidation that we were talking about in our previous analysis started, as we expect more bearish momentum for this week. If we break the trendline and consolidate underneath, there is a big chance that we will hit the liquidity pool area highlighted on our 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.
OANDA:XCUUSDShort
by financialflagship
16