Copper is approaching support, potential bounce Price is facing bullish pressure from our first support and a break above our upside confirmation level, in line with our horizontal overlap resistance, 61.8% Fibonacci extension and 61.8% fibonacci retracement could provide the bullish acceleration to our first resistance target.
COPPER trade ideas
Copper is facing bullish pressure, potential for further upside Price is facing bullish pressure from our first support and a break above our upside confirmation level, in line with our horizontal overlap resistance, 61.8% Fibonacci extension and 61.8% fibonacci retracement could provide the bullish acceleration to our first resistance target.
Copper is facing bullish pressure
Price is facing bullish pressure from our first support and a break above our upside confirmation level, in line with our horizontal overlap resistance, 61.8% Fibonacci extension and 61.8% fibonacci retracement could provide the bullish acceleration to our first resistance target.
COPPER (XCU/USD) – Week 3 – Indecision territory.Copper prices have been lifted to a fresh new 8-year high, sustained by the odds, that an improving economy will further expand consumption along with major US coronavirus relief package passing into law and optimism over the global coronavirus vaccine rollout. At this moment in time, we find ourselves in a big weekly bullish trend which we expect to run its course in the future, but at the same time, we anticipate a pullback that can push the price lower in the short-term. Our advice is to skip this one for this week and focus on other instruments as it might get messy.
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 is approaching support, potential bounce Price is testing our first support and ascending trend line and we could see a further push up to test our first resistance target at 3.70402. A break above our upside confirmation level could provide the bullish acceleration to our first resistance target. Ichimoku cloud and 20 EMA are showing signs of bullish pressure as well, in line with our bullish bias.
Copper is facing bullish pressure, potential for further upside Price is facing bullish pressure from our first support and ascending trend line and we could see a further push up to test our first resistance target at 3.70402. A break above our upside confirmation level could provide the bullish acceleration to our first resistance target. Ichimoku cloud and 20 EMA are showing signs of bullish pressure as well, in line with our bullish bias.
XCU/USD – Week 2 – Expecting a small pullback Copper continues to make new higher-highs, with our long-term bias pointing to a price increase even more than it did, as we are in a big bullish weekly trend. At the present moment, we don’t expect the trend to change, but we expect the price to enter a sideways move, with a chance of retesting the lower trendline before heading back up. Our advice is to skip this one for this week and focus on other instruments.
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 LongHi! This is my first time trying some technical analysis. After a long downtrend it seems that Copper is ready to test that range high in the coming years. The reason behind this seems to be the growth of the demand for copper originated from the renewable energy market, that will double its market cap by 2030. In blue there is to possible scenarios, at two different levels.
Copper is facing bullish pressure, potential for further upsidePrice is facing bullish pressure from our first support and ascending trend line and we could see a further push up to test our first resistance target at 3.70402. Ichimoku cloud is showing signs of bullish pressure as well, in line with our bullish bias.
Copper is approaching support, potential bounce Price is facing bullish pressure from our first support and ascending trend line and we could see a further push up to test our first resistance target at 3.70402. Ichimoku cloud is showing signs of bullish pressure as well, in line with our bullish bias.
XCU/USD - Week 1 - Still moving sideways (for now) Copper is in a sideways move for now and we expect for this week to continue the small bearish trend it has started. Our long-term bias is for the price to increase even more than it did, as we are in a big bullish weekly trend. For that to happen we need a sideways move in the Copper market in order to gather up more bullish momentum. At the present moment, the price rejected the trendline and there’s a good chance that we will break the top again before we come to lower levels.
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.