COPPER - 1H - Technical analysis published on 03/22/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 4.1101 USD
My targets
4.1498 USD (+0.33%)
4.1880 USD (+1.26%)
My analysis
COPPER is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 4.1101 USD. The next resistance located at 4.1498 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 4.1880 USD. After this resistance, buyers could then target 4.2945 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.6
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
COPPER rating 4.1360 USD. On the day, this instrument gained +0.56% and was between 4.0760 USD and 4.1460 USD. This implies that the price is at +1.47% from its lowest and at -0.24% from its highest.4.0760
4.1460
4.1360
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of COPPER in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.0815 | 4.1101 | 4.1320 | 4.1360 | 4.1498 | 4.1880 | 4.2945 |
| Change (%) | -1.32% | -0.63% | -0.10% | - | +0.33% | +1.26% | +3.83% |
| Change | -0.0545 | -0.0259 | -0.0040 | - | +0.0138 | +0.0520 | +0.1585 |
| Level | Intermediate | Minor | Minor | - | Major | Intermediate | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.9308 | 3.9707 | 4.0418 | 4.0817 | 4.1528 | 4.1927 | 4.2638 |
| Camarilla | 4.0825 | 4.0927 | 4.1028 | 4.1130 | 4.1232 | 4.1334 | 4.1435 |
| Woodie | 3.9465 | 3.9785 | 4.0575 | 4.0895 | 4.1685 | 4.2005 | 4.2795 |
| Fibonacci | 3.9707 | 4.0131 | 4.0393 | 4.0817 | 4.1241 | 4.1503 | 4.1927 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.8395 | 3.9250 | 4.0190 | 4.1045 | 4.1985 | 4.2840 | 4.3780 |
| Camarilla | 4.0636 | 4.0801 | 4.0966 | 4.1130 | 4.1295 | 4.1459 | 4.1624 |
| Woodie | 3.8438 | 3.9271 | 4.0233 | 4.1066 | 4.2028 | 4.2861 | 4.3823 |
| Fibonacci | 3.9250 | 3.9936 | 4.0359 | 4.1045 | 4.1731 | 4.2154 | 4.2840 |
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): | 61.69 | |
| MACD (12,26,9): | 0.0111 | |
| Directional Movement: | 12.3083 | |
| AROON (14): | 28.5715 | |
| DEMA (21): | 4.1236 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.0953 | |
| Elder Ray (13): | 0.0146 | |
| Super Trend (3,10): | 4.0736 | |
| Zig ZAG (10): | 4.1345 | |
| VORTEX (21): | 1.0431 | |
| Stochastique (14,3,5): | 74.54 | |
| TEMA (21): | 4.1303 | |
| Williams %R (14): | -21.19 | |
| Chande Momentum Oscillator (20): | 0.0260 | |
| Repulse (5,40,3): | 0.3322 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0278 | |
| Courbe Coppock: | 1.09 |
| MA7: | 4.1179 | |
| MA20: | 4.1235 | |
| MA50: | 3.8638 | |
| MA100: | 3.6339 | |
| MAexp7: | 4.1239 | |
| MAexp20: | 4.1149 | |
| MAexp50: | 4.1043 | |
| MAexp100: | 4.1014 | |
| Price / MA7: | +0.44% | |
| Price / MA20: | +0.30% | |
| Price / MA50: | +7.04% | |
| Price / MA100: | +13.82% | |
| Price / MAexp7: | +0.29% | |
| Price / MAexp20: | +0.51% | |
| Price / MAexp50: | +0.77% | |
| Price / MAexp100: | +0.84% |
Quotes :
2021-03-22 17:02:31
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10 min delayed data
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COMEX Futures
News
The latest news and videos published on COPPER at the time of the analysis were as follows:
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Have we seen a Copper Top - 26th February 2021
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Adventus Mining – Copper And Gold Development In Ecuador. The Company Is Not Discovered Yet
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COPPER BREAKOUT: Free Trade Zone In Asia Is Online And China Grows Well. COPPER Is The TOP Metal
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Market Sentiment Neutral but Nasdaq, Copper, Iron Ore Trending Higher | Webinar
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COPPER, OIL And GOLD Are ALL IN HIGH DEMAND And WORTH To Be Invested In 2021
This member declared not having a position on this financial instrument or a related financial instrument.
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