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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

Dr Copper ~ Snapshot TA / Contraction x Expansion = InflectionIt ain't easy being DR CAPITALCOM:COPPER Peaked in March 2022, only to crash -38% & bottomed-out in July 2022. Since then it has fluctuated between Contraction (will Global Economy collapse?) versus Expansion (will Global Economy recover?), while also contending with outlook of China's Economy, yeesh lol. Copper's price action has also been compressing, as descending trend-line squeezes current Trading Range against ascending Parallel Channel. This suggests momentum will eventually need to "pop" in either direction...but it could also continue trading sideways a little longer while more data is disseminated by Market Makers to make a confident decision, TBC. Tick tock, time is running out for the Doctor.. Boost/Follow appreciated, cheers :) AMEX:COPX AMEX:CPER COMEX:HG1! COMEX:HG2!
CAPITALCOM:COPPER
by BlueHatInvestor
Copper pullback brings potential buying opportunityCopper has been heading lower over the course of this week thus far, with a more fearful market environment bringing dollar strength and weakness for this key metal. Dr Copper is typically seen as a key gauge of global economic strength, but it is also inversely correlated with the dollar. That means that it can also experience selling pressure on strong data if markets perceive that as being a negative in terms of the implications for monetary policy. For the long-term perspective, demand for Copper is likely to gain traction as the Chinese recovery takes shape and EV demand drives the commodity higher yet. Nonetheless, for now we are likely to see near-term movement based on risk attitudes. The pullback in to trendline and 76.4% Fibonacci support has brought about a potential bullish reversal play. A decline through trendline and $3.7875 support would signal a potential bearish breakdown from here. Until then, the bulls look like they could come back into prominence once again here.
CAPITALCOM:COPPERLong
by ScopeMarkets
Chinese PMI might send copper down.Here's how Chinese PMI can influence copper prices: Strong PMI (above 50): A higher PMI reading indicates a growing manufacturing sector, which is a positive sign for copper demand. As manufacturing activities increase, so does the need for copper, as it is an essential material used in various industries, including construction, electronics, and infrastructure. This higher demand for copper can drive up prices. Weak PMI (below 50): A lower PMI reading suggests a contraction in the manufacturing sector, which can signal reduced copper demand. A slowdown in manufacturing activities can lead to lower consumption of copper, potentially putting downward pressure on copper prices. The current PMI is below 50, indicating a contraction in economic activity. If the upcoming PMI data also falls below expectations, it could lead to increased volatility in the copper price and potentially create a favorable environment for a short trade.
PEPPERSTONE:COPPERShort
by GoldvalleyCap
copper scenariosCopper has hit an important weekly demand area and then an upward move that has not had strong momentum and has also been weak to the downside. Considering the high and low liquidity, if the high liquidity is established first, the first scenario is proposed, which is the possibility of a pullback in the four-hour supply area and then ascending to higher areas again. And if there is low liquidity in the beginning, we can act according to the second scenario and look for an upward scenario in the area of lower demand.
CAPITALCOM:COPPER
by Amir_salemi