What a turnaround on copper futuresManipulation? Smells like it, but of course, this is just the market we are currently living in.
Let's dig in.
MARKETSCOM:COPPER
COMEX:HG1!
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Long the copper for a potential breaking upWith the expectation of PPI bouncing back from the deep valley because China is launching a 1.3 Trillion infrastructure plan to build the largest hydro dam in the Yarlung Tsangpo Grand Canyon on the Qinghai-Tibet Plateau, the long term global demand of industrial copper is more bullish than last ti
COPPER TECHNICAL ANALYSISCopper spiked into 5.8750 but is now consolidating just below short-term resistance at 5.6448, showing signs of a bullish continuation pattern. Price remains supported at the 5.4864 zone.
Currently trading at 5.4864, with
Support at: 5.4864 / 5.3157 / 4.9929 🔽
Resistance at: 5.6448 / 5.8750 🔼
🔎 Bi
Copper Eyeing Key Reversal Point – Will It Break Above 4.68152 ?Copper is currently hovering near the 4.68152 🔼 resistance after rebounding from the 4.50280 🔽 support. Price is reacting to the 50-period SMA, which is slightly above current levels and may act as a dynamic resistance. The overall structure remains mixed with recent lower highs, but bulls have step
Bullish Consolidation After the copper market exploded higher on the Trump Administration’s 50% tariff headline, the market has been quietly consolidating above the breakout level at 5.33. While above this level the risk is higher, and in case of a break back below the 5.30 level, the risk would be a larger retracement.
XCU/USD: Low-Risk Loot Opportunity!🔥 THE COPPER HEIST: XCU/USD Robbery Plan (Swing/Day Trade) 🔥
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Copper Holds Above 14-Year ResistanceFrom a monthly time frame perspective, copper has broken above a major resistance zone defined by consecutive highs dating back to 2011.
The breakout above $5.40 marks a significant technical milestone. A clean move above the $5.87 high could open the door for further upside, potentially targeting
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.