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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

An indicator for the bullish marketCopper as many already know is used as an indicator for the stock market, NOT the economy. Chart shows persistent buyers pushing up the price and eventually on 7th attempt, they succeeded. A good chance to accumulate or get in for those who have not is to wait for the pull back. Now, we won't know how far it is going to retrace but we indicated 3 areas as shown on chart. Wait for the price to come to you, don't chase. If the price retrace to the 3rd red arrow, around 2.30, you would be in for a pretty heavy paper loss.Even if it rebounds later, watching your portfolio turning red daily is not a good thing. Let's learn to be more patient with the Market.
OANDA:XCUUSDLong
by dchua1969
Copper: Inflation is manifested in asset prices...for nowCopper is acting strong here, so far the 2 day timeframe had captured a good rally here, and subsequently spotted the bottom of the correction after it hit the target. There is another signal active here, similarly to the price action shown in stocks. I expect copper to rally until the end of May easily, upside targets are on chart and are valid while it holds over 2.288 or time runs out, whatever happens first. Ray Dalio's cash is trash idea is starting to materialize (albeit a bit too early sadly for him). Cheers, Ivan Labrie.
FX:COPPERLong
by IvanLabrie
Copper - Bearish engulfing & uptrend break Copper (spot) - Intraday - We look to Sell at 2.3800 (stop at 2.4050) Broke the sequence of 7 positive daily performances. Although the bulls are in control, the stalling positive momentum indicates a possible turnaround is possible. Prices have reacted from 2.4300. The bearish engulfing candle on the daily chart is negative for sentiment. We look for a temporary move lower. Our profit targets will be 2.3300 and 2.3000 Resistance: 2.3800 / 2.4000 / 2.4300 Support: 2.3620 / 2.3500 / 2.3300
FX:COPPERShort
by Signal_Centre
Copper Starting to Move Up- As economies start to take more reopening steps - copper has moved off its march lows. - We remain bullish overall on Copper and note it's real world application and indication of global production / activities. - Expect prices to correct at the overhead supply. We are in a trend move up and will look to pick up some contracts at the below demand zones. - Stocks are a leading indicator of the economy and so we expect copper demand to increase over the coming quarters.
OANDA:XCUUSDLong
by Tuhi_Capital
Copper entering potential support 2.20Copper reached my long held target below 2.22 and now waiting for signs of a bottom/reversal for longer term rebound (green wave C) Confluence of supports at 2.20 zone, channel, c/y=a/w and where wave e (blue) of bigger triangle wave B (green) is 78% Fib retrace of length of wave d (blue) of triangle. Not confirmed until get a reversal and wave e still has scope for closer to 2 but I would not be short any longer having been short the last 18 months
OANDA:XCUUSD
by WVS_Stockscreen
Copper XCU/USD (The Return of the Copper Demand?)View On Copper XCU/USD (27 APR 2020) We had a strong pull back on COPPER price and now 2.20 region has proven to be strong support. It shall climb higher soon and it should swing easily to 2.4/2.58 and 2.63 regions. DYODD, all the best and read the disclaimer too. Feel Free to "Follow", press "LIKE" "Comment". Thank You! Legal Risk Disclosure: Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor. DISCLAIMER: Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice. Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
OANDA:XCUUSDLong
by SonicDeejay
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