CFDs on Copper (US$ / lb) OANDA:​XCUUSD

Buy Above

Accumulation/Distribution

keep those levels in mind

buy any level

Sell Below

BUY CMP

Explained on the chart

SEE CHART

See Chart

Buy XCUUSD above 2.820 T1: 2.840 T2: 2.857 T2: 2.917 SL: 2.781

Buy XCUUSD above 2.8125 T1: 2.830 T2: 2.910 T3: 3.000 SL: 2.790

Short XCUUSD below 2.693 T1: 2.685 T2: 2.662 SL: 2.912

Copper price has fallen more than 20% so far this year. Copper trading higher: It is trading higher by 0.60% on Friday morning at 2.668, manages to hold 20MA. Since last few weeks, we see the price manages to hold the 200MA (weekly) on a weekly closing basis. The outlook remains neutral-bullish; descending triangle pattern has developed in the weekly and daily ...

BUY BUY BUY

LONG TERM TREND IS DOWN. SO IM INTRESTING DOWN SIDE. FOLLOW UR PLAN. GOOD LUCK

Follow the channel.

Please use this study only as a reference to supplement your analysis.

Copper price falls to the 50.% fib reaction< 200ma (weekly) exists. The trend remains bearish, could fall even further to 2.50-2.45 its 61.8% fib reaction