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Copper (CPR) / US DollarCopper (CPR) / US DollarCopper (CPR) / US Dollar

Copper (CPR) / US Dollar

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CPRUSD trade ideas

Copper is facing bullish pressure, potential bounce! Price is facing bullish pressure from our first support in line with our ascending trend line, horizontal swing low support, 127.2%, 61.8% fibonacci extension and 61.8% fibonacci retracement where we could see a bounce above this level to our first resistance level. Stochastic is approaching support as well. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks
OANDA:XCUUSDLong
by Tickmill
Copper ShortShorting Copper soon. Copper has been in this channel now for some time. I am sure we will bounce of the upper limit and continue back down to the bottom of the channel. If not I will wait for a BCR above and the take a long. Disclaimer: I am still testing my strategies. Not all trades Ideas I post will result in live trades. They might be tested on demos accounts. Please share your Ideas with me and I am always open to positive criticism. Remember to use risk according to your appetite. Thanks for Checking out this Idea.
FX:COPPERShort
by herkiertb
No trouble yet, but there are question marksCopper has been one of the best performing metals so far, but are things really that rosy to justify such a high price after such a long bull run? Here are few points that worth to examine: - The trend is still bullish, but I see a minor negative momentum divergence on the daily haOscillator, haDelta+ and EWO. - There is a possible bearish wedge being formed on daily. This pattern often proves to be reliable together with momentum divergence. - Weekly chart may be losing momentum too, there is also a visible negative momentum divergence relative to price. In case haOscillator fails at its mid line and crosses down again, then a quick retracement will happen to 2,80-2,90 zone. - Weekly price is extremely far above equilibrium level, even if we consider that as past candles will soon fall out, the Kijun and Senkou B average lines (currently both at 2,5313) will quickly catch up. - Weekly EWO is at highs not seen since end of 2017, when market started to form a top. - price on the weekly chart has enterred a hard resistance zone: highs of 2017-2018. All together it doesn't look heavy, but the question for now wether it's possible to keep up this pace of the bullish squeeze? Support levels to watch: 2,932 / 2,871 / 2,821
FX:COPPERShort
by Kumowizard
Copper/Gold RatioWe might start to see longer term US bond weakness as the copper/gold ratio rebounds off the lower extreme of it's descending channel. In this example I'm using TLT, an ETF. These two have an inverse relationship and also correlate with the US dollar. Long term US bonds and the USD tend to have a positive correlation giving both a bearish outlook. This is more for analysis than trading and can provide another piece to the USD bear picture. Over the coming months or year we may see USD continue it's bearish trajectory, keeping it weak against it's major counterparts. My relative analysis says USD is currently weak and stronger currencies to pair against are AUD, CAD and NZD.
FX:COPPERLong
by Aperna
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