COPPER/GOLD ratio. CycleCopper bullish on economic growth; Gold (bull) during recessions, downturns, risks, etc. Another one is Silver/Gold (silver is industrial metal). by citsvar0
Copper price slumps as traders take profits, where to next? After appreciating over 28% in the past month-and-a-half, copper price slumped overnight. Increased media attention to the rally in copper prices led to the inevitable profit-taking on Wednesday, causing the metal to shed over 5%. The pullback has attracted some buyers to restock at lower prices, but many have stayed on the sidelines waiting for further declines. But many are likely wondering whether the rally seen in past weeks can resume. Fundamentally, copper is regarded as a leading indicator of economic health given its use across many sectors. With resilient economic data globally, but predominantly in the US, markets have been pricing out the risks of a recession, allowing copper to flourish. Another huge tailwind for the metal has been its use in large data centres powering AI demand, which is expected to be a key driver of growth in the future. Despite their slowing demand, the electric vehicle industry has also added to copper’s strengthening. Some analysts at Bank of America even predict a demand deficit if demand for copper continues to grow, which would propel prices higher. The pullback that started on Wednesday was partly due to the release of the Federal Reserve meeting minutes. The key takeaway from them is that the current policy rate is appropriate to ensure that inflation returns to 2%, which suggests not to expect any rate cuts anytime soon. But some members even went as far as to suggest that further tightening could be needed if price pressures fail to reduce significantly, especially given the continued tightness of the labour market. This spooked some investors, which gave copper traders the perfect excuse to start taking some profits. Technically, the setup was primed for a reversal with the RSI having pushed to 78, a key level where corrections have taken place before. The selloff has found a short-term bottom at the 20-day SMA (4.72) which has tracked the lower bound of the price for the past three months. Whether the pullback will continue beyond this level will depend on how traders believe the higher-for-longer rate environment affects the sustainability of the copper price rally. As mentioned above, fundamentals support continued price appreciation so this pullback could be seen simply as a technical correction which will allow new buying interest to appear, even if sellers do take a little bit more room over the coming days. by CapitalcomUpdated 3
Heading into pullback resistance?Copper is rising towards a resistance level which is a pullback resistance and could potentially reverse from this level to our take profit. Entry: 5.1345 Why we like it: There is a pullback resistance level. Stop loss: 5.2178 Why we like it: There is a resistance level which lines up with the 127.2% Fibonacci retracement. Take profit: 4.9594 Why we like it: There is a pullback support level which aligns with the 61.8% Fibonacci retracement. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.Shortby VantageMarkets8
CopperPair : CU - Copper Description : Completed " 12345 " Impulsive Waves Break of Structure and Retracement RSI - Divergence Consolidation Phase in Short Time Frame Resistance Level by ForexDetective4
copper don't see recession comingbig resistance breakout and vertical meltup price made bottom in july 2022 since than it is up it is flying like there is no fear of recession it is flying like fed can have economic boom without inflation by Sangam-Agarwal3
Copper Leading inflation to catastrophe This revelation is indeed alarming: when examining copper prices in relation to U.S. CPI figures since 2020, we observe a remarkably strong positive correlation, not in each individual movement but in the overall trend and the reversals of peaks and troughs. Copper prices have surged significantly since February 2024. If this trend persists, we could be on the brink of a significant spike in inflation, with profound economic consequences.by geokho19950
copper is bullishCopper prices were seen breaking out to their highest levels in two years today. A combination of a weaker US Dollar and developments within the Chinese macro backdrop have helped fuel a fresh wave of buying. Copper futures are now up around 30% off the YTD lows and look poised for further gains with price now trading at fresh YTD highs. The rally in copper prices has seen the market breaking back above the 4.5785 level and back above the prior 2024 highs. With momentum studies bullish and price at fresh highs, the focus is on a continuation higher with 4.84 the next target for bulls.Longby MtICHIUpdated 5
Will Copper follow Gold?Another Metal is ready to break into ATHs. Looks like all the precious metals are ready to start flying. IMO if the material is needed in tech over the next ten years or weapon systems then the price will fly.Longby oliverjward10
Copper Rises to 2+ Year Highs on Improving Supply-Demand OutlookCopper prices have rallied more than 20% this year as the market is tightening, moving above 4.800 for the first time in more than two years. Improving supply-demand dynamics can drive further gains, with the March 2022 record peak now in the spotlight (5.041). Concerns around output are high, as key miners expect lower production this year. At the same time, demand optimism is on the rise, with the AI-driven recovery of the chip industry and the clean energy transition to support usage of the non-ferrous metal. On the other hand, production is still likely to grow this year and there are uncertainties around demand. A key source is China, due to its uneven post-pandemic recovery and the ailing real estate sector. Furthermore, the RSI points to overbought conditions and has not followed the price higher today, creating scope for a pullback. However, a strong catalyst would be needed to challenge the EMA200 (black line) and the bullish momentum. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (trading as “FXCM” or “FXCM EU”), previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763). Please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed via FXCM`s website: Stratos Markets Limited clients please see: www.fxcm.com Stratos Europe Ltd clients please see: www.fxcm.com Stratos Trading Pty. Limited clients please see: www.fxcm.com Stratos Global LLC clients please see: www.fxcm.com Past Performance is not an indicator of future results. Longby FXCM114
Copper to $4.75 per poundIf the markets continue to allow the metals to perform, copper could EASILY fly to $4.75 or higher in less than a year. DYOR Trade Slick Longby kyleruzekUpdated 444
CopperPair : CU COPPER Description : Bullish Channel as an Corrective Pattern in Long Time Frame RSI - Divergence Break of Structure Completed " 12345 " Impulsive Waves Symmetrical Triangle in Short Time Frame and Breakout of Upper Trend Lineby ForexDetective6
Copper - Futures - 6/5/20241. Copper - China - CNY - Yuan COT Report: -66,642 net positions as of 04/30/24 - Yearly High Fundamentals: CNY - Positive Manufacturing PMI (Forecast 50.3, Actual 50.4) Summary: Despite positive PMI, Copper prices faltered, hinting at possible market extremes. Possibility of another turning point. In conclusion, a synthesis of price action, net positions, and news events provides valuable insights for potential turning points in these markets.Shortby insanemalinUpdated 2
COPPER is suit for a sellbeacouse of the recession sign in world markets sell on COPPER is rational!!!Shortby AlibadkubehUpdated 0
Copper Bullish this year Alot of things going on this year . Like 2017 , 2020, the solar eclipse, the presidental election and war and economy/ countries making news headlines , etfs and gold and btc rallysLongby Predictionsyaaboiiomarr_fx0
CU - CopperPair : CU - Copper Description : Completed " 12345 " Impulsive Waves Break of Structure RSI - Divergence Bullish Channel as an Corrective Pattern in Short Time Frame Fibonacci Level - 261.8%by ForexDetective5
Copper Extends Gains to Two Year Highs Prices rally around 15% this month and break another threshold, hitting the highest levels in two years. The advance brings the record peak of 2022 in the spotlight (5.041) and given the improved supply-demand dynamics, that level looks within reach. There is optimism around increased need for the non-ferrous metal due to the green energy transition and the recovery of the chip industry, largely fueled by the AI boom. The recent data from China – one of the world’s top consumers - also helped, as GDP rose more than expected in Q1. On the supply side, key mining companies have cut their 2024 production forecasts, while Chinese smelters have reportedly agreed to lower their output. On the other hand, China’s post-pandemic recovery is bumpy and its critical property sector still in distress. The US economy is strong, but the recent preliminary GDP offered a warning sign and sticky inflation raises the bar for looser monetary policy. On the technical front, the RSI is overbought and Copper may be ripe for a pullback. However, daily closes below the EMA200 would be required for the bullish bias to halt and that looks like a toll order, while the downside appears well-protected. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (trading as “FXCM” or “FXCM EU”), previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763). Please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed via FXCM`s website: Stratos Markets Limited clients please see: www.fxcm.com Stratos Europe Ltd clients please see: www.fxcm.com Stratos Trading Pty. Limited clients please see: www.fxcm.com Stratos Global LLC clients please see: www.fxcm.com Past Performance is not an indicator of future results. Longby FXCM2
Copper going higher in line with Inflation not being transitoryFolks know my opinion on inflation being in a generational bull market. Generically speaking I am looking for thematic trades around this when they present and I have been long some metals/miners. Copper looks to be headed higher in the weeks ahead despite the pattern portraying a series of a-b-c moves.Longby WVS_StockscreenUpdated 3
copperHolding copper due to strong fundamentals, long trade idea. SL moved to Break even and partial profits takenLongby iainfallowfield0
CopperWorld copper can take up price about 5Dollar you can utilize in your stock marketLongby shahabshafayyan20200
COPPER IS GOING UP I expect a big move on this metal. Not sure when, but I'm already increasing my holdings of it. Longby kyleruzekUpdated 2
Copper Ready to ClimbShow me $4.50/lb copper. I'm ready for it. A bull run could top far higher than that too. I think $4.50 is a very conservative speculation. DYOR. I go strictly by the charts.Longby kyleruzekUpdated 2
Buy opportunity for todayBreakout on H4 in line with the major trend. Look for buy in the designated zone.Longby wonderpittUpdated 1
Copper overboughtCopper has been in an uptrend since february 2024. Price is currently outside Bollinger bands (50 period). Some of the reasons copper has been rising is near term demand and shortages, some articles pointing out to data center demand for copper for the AI boom. With Nvidia, intc, amd and other tech stocks showing weakness in last week, my opinion is that it might be a good time to look for shorts in copper, with tight stops.Shortby optionfarmersUpdated 1