COPPER

- USD (-)

- 10 min delayed data - COMEX Futures

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Commodities
Ticker:	CA
ISIN:

COPPER - Daily - Technical analysis published on 03/19/2021 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Neutral

De fond: Bullish

Technical indicators

28%

17%

56%

My opinion

Bullish above 3.9920 USD

My targets

4.2163 USD (+4.24%)

4.2945 USD (+6.17%)

My analysis

Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the support located at 3.9920 USD remains possible. It is advisable to trade COPPER with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 3.9920 USD. The next bullish objective for buyers is set at 4.2163 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 4.2945 USD. If there is any crossing, the next objective would be the resistance located at 4.6285 USD. PS: if there is a bearish break in the support located at 3.9920 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.

Force

2.9

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Simon1. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

COPPER rating 4.0450 USD. The price registered a decrease of -1.53% on the session and was between 4.0415 USD and 4.0920 USD. This implies that the price is at +0.09% from its lowest and at -1.15% from its highest.

4.0415

4.0920

4.0450

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows an item:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of COPPER indicates that the overall trend is bullish. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : Daily

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 10 are neutral and 3 are bearish. Caution: the Central Indicators scanner currently detects an excess:

MACD indicator: bullish divergence

Type : Bullish

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Daily

Pivot points : price is under support 3

Type : Neutral

Timeframe : Daily

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	3.1196	3.3030	3.5218	4.0450	4.0635	4.2945	4.6285
Change (%)	-22.88%	-18.34%	-12.93%	-	+0.46%	+6.17%	+14.43%
Change	-0.9254	-0.7420	-0.5232	-	+0.0185	+0.2495	+0.5835
Level	Minor	Major	Intermediate	-	Major	Intermediate	Intermediate

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	3.9427	3.9953	4.0517	4.1043	4.1607	4.2133	4.2697
Camarilla	4.0780	4.0880	4.0980	4.1080	4.1180	4.1280	4.1380
Woodie	3.9445	3.9963	4.0535	4.1053	4.1625	4.2143	4.2715
Fibonacci	3.9953	4.0370	4.0627	4.1043	4.1460	4.1717	4.2133

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	3.8193	3.8957	4.0178	4.0942	4.2163	4.2927	4.4148
Camarilla	4.0854	4.1036	4.1218	4.1400	4.1582	4.1764	4.1946
Woodie	3.8423	3.9071	4.0408	4.1056	4.2393	4.3041	4.4378
Fibonacci	3.8957	3.9715	4.0183	4.0942	4.1700	4.2168	4.2927

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.7580	3.1290	3.6210	3.9920	4.4840	4.8550	5.3470
Camarilla	3.8757	3.9548	4.0339	4.1130	4.1921	4.2712	4.3503
Woodie	2.8185	3.1593	3.6815	4.0223	4.5445	4.8853	5.4075
Fibonacci	3.1290	3.4587	3.6623	3.9920	4.3217	4.5253	4.8550

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	54.13
MACD (12,26,9):	0.0659
Directional Movement:	2.1223
AROON (14):	-14.2857
DEMA (21):	4.1594
Parabolic SAR (0,02-0,02-0,2):	3.8753
Elder Ray (13):	-0.0141
Super Trend (3,10):	3.9536
Zig ZAG (10):	4.0755
VORTEX (21):	1.0660
Stochastique (14,3,5):	65.31
TEMA (21):	4.1333
Williams %R (14):	-41.35
Chande Momentum Oscillator (20):	-0.0720
Repulse (5,40,3):	0.0309
ROCnROLL:	-1
TRIX (15,9):	0.3318
Courbe Coppock:	1.70

MA7:	4.1126
MA20:	4.1201
MA50:	3.8510
MA100:	3.6224
MAexp7:	4.0962
MAexp20:	4.0555
MAexp50:	3.8916
MAexp100:	3.6658
Price / MA7:	-1.64%
Price / MA20:	-1.82%
Price / MA50:	+5.04%
Price / MA100:	+11.67%
Price / MAexp7:	-1.25%
Price / MAexp20:	-0.26%
Price / MAexp50:	+3.94%
Price / MAexp100:	+10.34%

Quotes : 2021-03-19 06:11:27 - 10 min delayed data - COMEX Futures

News

The last news published on COPPER at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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