COPPER📊 #COPPER
⏱ TIME: 30M
📝You can enter this position by breaking the ceiling and trendline and consolidating above this.
⭕️risk: MID
📍buy stop: 4.18600
📌TP1: 4.23500 (free)
📌TP2: 4.29000
⛔️SL: 4.13300
CPRUSD trade ideas
Bearish drop off overlap resistance level?COPPER has reacted off the resistance level which is an overlap resistance and could drop from this level to our take profit.
Entry: 4.1258
Why we like it:
There is an overlap resistance level .
Stop loss: 4.2071
Why we like it:
There is a pullback resistance level that aligns with the 50% Fibonacci retracement.
Take profit: 4.0203
Why we like it:
There is a pullback support level.
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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.
Copper-The negative impact of Trump's tariffs on the commoditesCopper is below the EMA200 and EMA50 in the 4H timeframe and is moving in its descending channel. Copper moved up from the demand zone of the last analysis. If the upward trend continues, it is possible to sell copper in the specified supply zones in the short term.
Ken Griffin, CEO of Citadel and a prominent figure in the investment world, has voiced his concerns over Donald Trump’s potential tariff policies. He stated, “I am deeply worried about the president’s inclination to use tariffs as a tool in trade policy.” Earlier this year, Griffin described Trump’s tariff policies as “regrettable” but noted that overall, Trump’s administration has been good for the markets.
Meanwhile, Japanese companies operating in China have grown more pessimistic about the world’s second-largest economy. According to a report by the Japanese Chamber of Commerce and Industry in China, nearly two-thirds of Japanese companies believe China’s economic conditions have worsened compared to the previous year. This figure has risen from 60% in the previous survey to 64%. Additionally, almost half of these companies have either scaled back or suspended their investments. Furthermore, security concerns and incidents like the recent death of a Japanese student in Shenzhen have cast a shadow over diplomatic efforts to improve relations between the two nations.
In the United States, Donald Trump, the president-elect, is assembling a new cabinet featuring individuals known for their hardline stance on China. Trump has nominated John Ratcliffe, former Director of National Intelligence, as CIA Director, Pete Hegseth, a military veteran and Fox News commentator, as Secretary of Defense, and Michael Waltz, a Florida congressman, as National Security Advisor. Elise Stefanik, a congresswoman from New York, has been chosen as the U.S. Ambassador to the United Nations. Additionally, Senator Marco Rubio of Florida is expected to be named Secretary of State. This team is known for its anti-China positions and its belief in a power struggle between Washington and Beijing.
According to a new Reuters poll, the Federal Reserve is likely to cut interest rates to a range of 3.5%–3.75% by the end of 2025. In October, projections placed this range at 3.0%–3.25%. Furthermore, a majority of economists anticipate that in December 2024, the Fed will lower interest rates by 25 basis points to a range of 4.25%–4.5%.
Another survey indicates that 44 out of 51 economists believe Trump’s proposed tariffs will have significant negative impacts on the U.S. economy. Additionally, 57 out of 67 respondents predict that inflation is likely to resurface in the U.S. next year.
XCU/USD "COPPER" Market Money Heist Plan on Bullish SideHallo! My Dear Robbers / Money Makers & Losers, 🤑 💰
This is our master plan to Heist XCU/USD "COPPER" Market Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal / Trap at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Entry 📈 : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Low Point take entry in pullback.
Stop Loss 🛑 : Recent Swing Low using 1H timeframe
Attention for Scalpers : Focus to scalp only on Long side, If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰.
Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss 🚫🚏. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
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Potential bullish bounce off overlap support?The price is falling towards the support level which is an overlap support and could bounce from this level to our take profit.
Entry: 4.0205
Why we like it:
There is an overlap support level.
Stop loss: 3.9190
Why we like it:
There is an overlap support level that line sup with the 161.8% Fibonacci extension.
Take profit: 4.1278
Why we like it:
There is an overlap resistance.
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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.
The chart appears to analyze copper CFDs on a daily timeframeThe copper market is showing bearish tendencies, with price breaking below a critical symmetrical triangle pattern. Here are the key insights:
1.Technical Breakdown:
Price recently broke the lower boundary of the triangle, signaling a potential continuation of the downtrend.
Strong selling pressure is reflected by increased volume.
2.Support Levels to Watch:
Immediate support: $4.00 (psychological level near the 50% Fibonacci level).
Key support: $3.85 (61.8% Fibonacci retracement and ascending trendline).
3.RSI and Momentum:
RSI still hovers above oversold levels, leaving room for further downside.
Moving averages suggest sustained bearish momentum.
4.Risk and Opportunity:
Traders should watch for a retest of the triangle's lower boundary (~$4.20) as potential resistance before further declines.
Break below $4.00 could open doors for $3.85.
📊 What are your thoughts on copper's next move? Let me know in the comments!
Could COPPER drop from here?The price is rising towards the resistance level which is an overlap resistance and could drop from this level to our take profit.
Entry: 4.1271
Why we like it:
There is an overlap resistance level.
Stop loss: 4.2170
Why we like it:
There is a pullback resistance level that aligns with the 50% Fibonacci retracement.
Take profit: 4.0156
Why we like it:
There is a pullback support level.
Enjoying your TradingView experience? Review us!
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.
Potential bullish reversal?COPPER is falling towards the support level which is a pullback support and could bounce from this level to our take profit.
Entry: 4.0217
Why we like it:
There is a pullback support level.
Stop loss: 3.9130
Why we like it:
There is a pullback support level.
Take profit: 4.1200
Why we like it:
There is a pullback resistance level.
Enjoying your TradingView experience? Review us!
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.
Copper as a leading indicator for recessionToday, I was analyzing the charts, trying to determine whether a recession might be on the horizon, as the levels at which the U.S. indices are trading don’t seem sustainable to me at all. While scanning through various global indices— including the DAX, which I believe has already peaked —I also looked at copper as a leading indicator.
This led me to the idea for this educational article.
Using Copper Prices as a Leading Economic Indicator: A Guide to Spotting Recession Signals
Copper, often called "Dr. Copper," is a valuable leading indicator in economic analysis due to its widespread use in various industries. Because copper is essential in construction, manufacturing, and electrical applications, its price is highly sensitive to economic conditions. By monitoring copper price trends, you can gain insights into future economic performance and potentially spot signs of an approaching recession.
Here’s how to interpret and use copper prices as an early signal of economic health.
1. Why Copper is a Reliable Economic Indicator :
Copper’s demand is closely linked to economic activity. In times of economic growth, the demand for copper rises, as it’s used in buildings, infrastructure, electronics, and automobiles. Conversely, when economic activity slows down, demand for copper falls, and prices usually decline as a result.
Copper’s price trends are therefore often seen as a reliable barometer of economic health, sometimes predicting recessions before official economic data confirms it. This makes copper prices a useful tool for investors, businesses, and economists to anticipate changes in the economic cycle.
2. Tracking Copper Price Trends as Economic Signals :
To use copper prices as a recession indicator, pay attention to both long-term and short-term price trends:
Long-Term Trends: Sustained declines in copper prices may indicate weakening industrial demand, which can signal a broader economic slowdown.
Short-Term Drops: A sharp drop over a shorter period might suggest that an economic contraction could be imminent, as industries are potentially scaling back production due to reduced demand.
3. Analyzing Copper Prices Alongside Other Economic Indicators :
Copper prices on their own provide valuable insight, but they’re more powerful when considered alongside other economic indicators:
Copper vs. GDP Growth: Copper prices often move in tandem with GDP growth. A consistent drop in copper prices can signal a slowdown in GDP, providing an early recession warning.
Copper vs. Manufacturing Data: Manufacturing output and copper prices are highly correlated. When copper prices fall alongside declining manufacturing data, this suggests weakening demand across multiple sectors, reinforcing recessionary signals.
Copper vs. Other Commodities: When copper prices drop while other commodities like gold rise (a safe-haven asset), it may highlight investors’ concerns about future economic health. A divergence in copper and gold prices can serve as an additional recession indicator.
4. Observing Copper’s Relationship with Bond Yields and Stock Markets
Copper and Bond Yields: A simultaneous drop in copper prices and bond yields often reflects reduced growth expectations and lowered inflation forecasts, both of which can be early signals of economic contraction.
Copper and Stock Markets: Copper price declines can also precede downturns in the stock market, especially in sectors like industrials and materials that rely heavily on strong economic activity. A falling copper price can thus foreshadow declines in stocks tied to economic growth.
5. Considering Global Influences on Copper Demand
Copper’s demand is significantly influenced by global economic conditions, particularly in major economies like China, the largest consumer of copper worldwide:
China’s Economic Health: Since China consumes a large portion of the world’s copper, changes in its economy directly impact copper prices. A slowdown in China’s economy could indicate lower global demand, often preceding a broader economic downturn.
Supply Chain Factors: While copper prices largely reflect demand, they can also be influenced by supply chain disruptions, such as mining issues or trade restrictions. It’s important to distinguish these factors from demand-based price changes when interpreting copper’s economic signals.
Practical Tips for Using Copper as a Recession Signal:
Here are some actionable steps for using copper prices as an early warning of economic downturns:
Establish Price Decline Thresholds: Significant declines in copper prices (e.g., 15-20% over a few months) have historically preceded recessions. Establishing such thresholds based on historical data can help signal potential slowdowns.
Combine Copper with Other Indicators: Look at copper prices alongside yield curves, consumer confidence data, and manufacturing PMI. Copper price declines are often more reliable when they coincide with other recessionary indicators.
Stay Updated on Market Reports: Monitoring industry reports, forecasts, and economic analyses regarding copper can provide insight into whether price changes are due to demand shifts or short-term supply issues.
Conclusion:
Copper prices act as a reliable economic gauge because they are so tightly linked to industrial activity. Sustained declines in copper prices often signal a reduction in demand, hinting at a possible economic downturn before other indicators confirm it. By observing copper prices in conjunction with other economic signals, investors, analysts, and businesses can better anticipate recessions and make informed decisions based on early economic insights.
By integrating copper price trends into your economic analysis toolkit, you can gain a clearer picture of potential economic slowdowns, giving you an advantage in strategic planning and investment decisions.
Copper - The negative impact of Trump's victory on commoditiesCopper is below the EMA200 and EMA50 in the 4H timeframe and is moving in its descending channel. If copper falls due to the release of today's economic data, we can see demand zone and buy within that zone with a suitable risk reward. If the upward trend starts and the bottom of the channel is maintained, it is possible to sell copper in the supply zones in the short term.
After Donald Trump’s victory in the U.S. election and the positive reaction from markets, investors are refocusing on economic data. Trump’s historic return to the White House was met with strong market responses, with stocks and Bitcoin reaching new highs and the U.S. dollar hitting a four-month peak.
Treasury yields also saw significant increases. It’s worth noting that yields have been rising since late September as investors anticipated fewer rate cuts by the Federal Reserve over the next two to three years. Now, Trump’s victory has diminished hopes for rate cuts. If Trump follows through on his promises to cut taxes and increase tariffs, these measures could drive prices up by boosting domestic demand and raising import costs. In this scenario, the Federal Reserve may have to maintain tight monetary policy for a longer period than current expectations.
The U.S. Consumer Price Index (CPI) report, scheduled for release today, will provide the first economic clues post-election for rate cut forecasts. The annual CPI rate fell to 2.4% in September but is expected to rise to 2.5% in October. Monthly CPI is projected at 0.2%, unchanged from the previous month, while core CPI (excluding food and energy) is expected to increase from 3.3% to 3.4% in October.
In China, senior lawmakers approved a plan to shift local government debt to the official balance sheet, allowing Beijing to better assist local governments in managing debt challenges. The Standing Committee of the National People’s Congress also approved a plan to increase the local debt ceiling. According to Mr. Xu, head of the National People’s Congress Budget Committee, China intends to raise the local government debt cap by 6 trillion yuan.
China’s exports have also surged, as Beijing braces for Trump’s potential tariff threats. Chinese factories have ramped up production to ship goods to major export markets before any new tariffs are imposed. Trump’s election win has intensified tariff concerns among Chinese officials and factory owners.
Meanwhile, U.S. lawmakers have demanded more detailed information on advanced chip-making equipment sales to China by major manufacturers, reflecting growing tensions between the superpowers and concerns about potential military applications. Taiwan Semiconductor Manufacturing Company (TSMC) has also informed several Chinese clients that it is suspending production of AI and high-performance computing chips to comply with U.S. export control laws.
On the other hand, Commerzbank predicts the potential for further gains in the U.S. dollar is limited, and that Trump’s macroeconomic policies may be less impactful than anticipated. While Trump’s policies are inflationary, the effects are likely to be contained, meaning the Federal Reserve may not need to raise interest rates.
Copper Breakout: Bullish Trend After 0.6Fib RetracementI’ve initiated a long position in Copper after a successful retracement to the 0.6 Fibonacci level, which triggered my entry. The bullish trend looks solid, and I am targeting the 0.7 Fibonacci level for my take-profit (TP), aligning perfectly with my point of interest around the 4.800 level. As of now, Copper is facing resistance in the 4.300–4.400 price zone, but a breakout here will prompt me to adjust the stop-loss (SL) and take partial profits. Until the breakout occurs, the trade criteria remain as shown in the chart.
Technical Analysis:
• Entry: Near the 0.6 Fibonacci retracement level.
• Target (TP): 4.800 (aligned with the 0.7 Fibonacci level).
• Stop-Loss (SL): To be adjusted after a clean breakout above 4.400.
• Market Structure: The price has respected the Fibonacci retracement levels and is set for a potential breakout to the upside. The bullish trend remains intact, supported by clean retracement patterns.
Fundamental Outlook:
Copper prices have been fluctuating due to external factors, including China’s economic measures, which have helped support the market. However, half of those gains have retraced as market participants begin to question the scale of the stimulus. Despite this, the long-term view for Copper remains bullish, especially with solid demand linked to the energy transition and rising input costs.
Additionally, factors like U.S. rate cuts and China’s fiscal policies will play a key role in driving future demand. The current short-term outlook remains dependent on stimulus from China, as well as the timing and impact of U.S. rate cuts. Should demand recover, Copper could potentially rally towards the 4.800 level as targeted.
Risk Management:
• The SL will remain flexible, adjusted accordingly based on the price action and breakout strength.
• Partial profits will be taken in the 4.400 range, with the remainder held for the final target at 4.800.
• The position is managed carefully to avoid exposure to market volatility in the lower ranges.
Always remember to Pay Yourself by taking partial profits when the trade moves in your favor!
Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
Heading into 38.2% Fibonacci resistance?COPPER is rising towards the resistance level which is a pullback resistance that aligns with the 38.2% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 4.3037
Why we like it:
There is a pullback resistance level that aligns with the 38.2% Fibonacci retracement.
Stop loss: 4.3876
Why we like it
There is an overlap resistance level that is slightly above the 61.8% Fibonacci retracement.
Take profit: 4.2133
Why we like it:
There is a pullback support level.
Enjoying your TradingView experience? Review us!
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.
Copper continuing its uptrend After consolidating for almost a month, copper finally broke out of its consolidation period, and the price closed above its moving averages, indicating that buyers have gained upward momentum to continue its uptrend.
Seasonally, November and December are bullish for copper due to its demand worldwide during the winter period.
Copper to $8/lb Why Not? Send it. Copper could easily pop to $6,7,8,9,10 per pound in a very short time frame. Part of that equation is how worthless the dollar is. Most of the equation is just how useful copper is.
At this point, it's purely a basis of mathematics. Human civilization needs copper. It's scarce. Recycling isn't cheap. I could go on and on and on about this.
Electricity is what brings these Trading View ideas to you. Copper allows that to happen.
DYOR.
Trade Slick.
