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CFDs on Copper (US$ / lb)CFDs on Copper (US$ / lb)CFDs on Copper (US$ / lb)

CFDs on Copper (US$ / lb)

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XCUUSD trade ideas

Copper's Upside PotentialCopper made a breakout of the 2023 downtrend and after the retest of the trend channel and 89 day moving average it is picking up again. Today's PMI numbers will be valuable for copper in the next few weeks. All of the EU, UK and US manufacturing PMIs jumped way more than expected. US manufacturing PMI even past the 50 mark, meaning the economic activity in the US manufacturing sector is rising again. I expect manufacturing to make a comeback in 2024 after 2 years of slump. Latest China stimilus also has a positive affect on copper. The bad news is the copper supply is expected to rise this year. All in all, with the recovery of manufacturing and hopefully China, incoming rate cuts might give copper the fuel it need for a surge. My main target is 4.30 and stop will be 3 days below 89 day moving average (for now).
CAPITALCOM:COPPERLong
by orancapital
3
COPPER, Teasing a multi-weekly TOP GAINS soon! SEED!Copper is in continuous ascend mode this past few days / weeks after touching an important major order block at 61.8 FIB levels. Since then, significant net accumulation has been registered on a daily basis. Expect some generous price growth from the current price range. A seed from here is ideal while it's still in a slow roll ascend -- but not for long. Initial target is 5.0. Spotted at 3.80 SEED LONG. TAYOR. Safeguard funds always / not advice.
CAPITALCOM:COPPER
by JSAL
Copper may continue to move lower over the next weekCopper may continue to move lower over the next week It seems that the volatility of the price of gold is affecting the price of all metals. If we take a long-term view, we can see that all metals have started a downtrend. There is a high possibility that Copper will also decrease more in the following weeks. From a technical perspective, the price has just broken a strong level of the technical pattern and is expected to decrease even more until 3.6 You can find more details in the chart! Thanks and good luck!
VANTAGE:COPPERShort
by KlejdiCuni
1
Copper ~ Help Me Obi-China, You're My Only Hope (2H)CAPITALCOM:COPPER chart mapping/analysis. Copper - off its October lows, yet still contending with global macro headwinds & China's difficulty in shaking off its deflationary economic funk.. Trading scenarios into EOY: Prelim trading range = ~3.93 - ~3.73. Under bearish pressure from 38.2% Fib rejections. Bullish reaction to China/macro economic news = bounce off lower range of parallel channel (green) + 200SMA confluence support / break above 38.2% Fib / break above ~3.93 upper trading range. Bullish extension target(s) = 50% Fib / upper range of parallel channel (green) confluence zone. Bearish reaction to China/macro economic news = break below ~3.73 lower trading range / lower range of parallel channel (green) / break underneath 200SMA, becoming dynamic resistance. Bearish extension target(s) = 23.6% Fib / lower range of descending parallel channel (light blue).
CAPITALCOM:COPPER
by BlueHatInvestor
Long therm trade, low risk Long term trade opportunity. If this week after the CPI announcement the candle remains bullish with a high volume and a close price closer to the high of the candle, then the probability of having an all-time high in Copper is very high because it is a very bullish seasonal trend in December, January consolidation, and February and March very bullish price again (the strongest bullish trend of all copper in the year. + is a very large increase in open interest of the futures contract that follows (not the current one)
FX:COPPERLong
by REnastere