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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 is facing bullish pressure, potential for further upsideCopper bounced nicely from our support level to hit our resistance target previously. Price is facing bullish pressure from our first support, in line with our horizontal overlap support, 23.6% fibonacci retracement where we could see a further upside above this level. A break above our upside confirmation level could provide the bullish acceleration to our first resistance target. Ichimoku cloud is showing signs of bullish pressure as well, in line with our bullish bias.
OANDA:XCUUSDLong
by Tickmill
1
Copper is facing bullish pressure, potential for further upsideCopper bounced nicely from our support level to hit our resistance target previously. Price is facing bullish pressure from our first support, in line with our horizontal overlap support, 23.6% fibonacci retracement where we could see a further upside above this level. A break above our upside confirmation level could provide the bullish acceleration to our first resistance target. Ichimoku cloud is showing signs of bullish pressure as well, in line with our bullish bias.
OANDA:XCUUSDLong
by Tickmill
3
COPPER (XCU/USD) – Week 7 –Bulls getting stronger.Last week, Copper was fast paced and broke out of the consolidation area, as Chinese markets closed for the week-long Lunar New Year holiday after four days of rapid gains that boosted the price to a new eight year high. For this week we are expecting a small corrective move that will ultimately act as a bullish trigger that would push the price higher in the near future. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
OANDA:XCUUSDLong
by financialflagship
6
COPPER (XCU/USD) – Week 6 –Consolidation not over yet.Copper price moved sideways for the whole trading week, as we predicted in our past analysis. For this week we are expecting the bearish corrective move to finish with a high chance that we will test the support area and the lower channel line highlighted on the chart. Once this move is completed, our long-term bias for this pair will be bullish. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
OANDA:XCUUSDShort
by financialflagship
2
COPPER (XCU/USD) – Week 5 – Correction knocking on the door.Copper price moved sideways for the whole trading week, as we forecasted in our past analysis. As we broke out of the previous trendline, we anticipate for this week that the consolidation will continue to the support area highlighted on the chart. Once this move is completed, we will likely see the top brake once more. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
OANDA:XCUUSDShort
by financialflagship
2