COPPER
-
USD
(-)
- 10 min delayed data - COMEX Futures
| Open: | - |
| Change: | - |
| Volume: | - |
| Low: | - |
| High: | - |
| High / Low range: | - |
| Type: | Commodities |
| Ticker: | CA |
| ISIN: |
COPPER - 1H - Technical analysis published on 11/03/2022 (GMT)
- 149
- 0
- 11/03/2022 - 22:56
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- Timeframe : 1H
- - Analysis generated on 11/03/2022 - 22:56
- Status : INVALID
Analysis too old. There are no more charts available.
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
50%
6%
44%
My opinion
Bearish under 3.4427 USD
My targets
3.4002 USD (-0.61%)
3.3825 USD (-1.13%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on COPPER as long as the price remains well below 3.4427 USD. The sellers' bearish objective is set at 3.4002 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 3.3825 USD. In case of crossing, the next objective would be the support located at 3.3620 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
4.3
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This analysis was given by didi059. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The COPPER rating is 3.4210 USD. The price is lower by -0.18% since the last closing with the lowest point at 3.4195 USD and the highest point at 3.4255 USD. The deviation from the price is +0.04% for the low point and -0.13% for the high point.3.4195
3.4255
3.4210
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of COPPER indicates that the overall trend is strongly bearish. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a slightly bullish signal.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.3620 | 3.3825 | 3.4002 | 3.4210 | 3.4228 | 3.4427 | 3.5085 |
| Change (%) | -1.72% | -1.13% | -0.61% | - | +0.05% | +0.63% | +2.56% |
| Change | -0.0590 | -0.0385 | -0.0208 | - | +0.0018 | +0.0217 | +0.0875 |
| Level | Major | Minor | Intermediate | - | Minor | Minor | 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 | 3.2962 | 3.3378 | 3.3812 | 3.4228 | 3.4662 | 3.5078 | 3.5512 |
| Camarilla | 3.4011 | 3.4089 | 3.4167 | 3.4245 | 3.4323 | 3.4401 | 3.4479 |
| Woodie | 3.2970 | 3.3383 | 3.3820 | 3.4233 | 3.4670 | 3.5083 | 3.5520 |
| Fibonacci | 3.3378 | 3.3703 | 3.3904 | 3.4228 | 3.4553 | 3.4754 | 3.5078 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.1482 | 3.2553 | 3.3422 | 3.4493 | 3.5362 | 3.6433 | 3.7302 |
| Camarilla | 3.3757 | 3.3934 | 3.4112 | 3.4290 | 3.4468 | 3.4646 | 3.4824 |
| Woodie | 3.1380 | 3.2503 | 3.3320 | 3.4443 | 3.5260 | 3.6383 | 3.7200 |
| Fibonacci | 3.2553 | 3.3294 | 3.3752 | 3.4493 | 3.5234 | 3.5692 | 3.6433 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.0293 | 3.1662 | 3.3193 | 3.4562 | 3.6093 | 3.7462 | 3.8993 |
| Camarilla | 3.3928 | 3.4193 | 3.4459 | 3.4725 | 3.4991 | 3.5257 | 3.5523 |
| Woodie | 3.0375 | 3.1703 | 3.3275 | 3.4603 | 3.6175 | 3.7503 | 3.9075 |
| Fibonacci | 3.1662 | 3.2770 | 3.3454 | 3.4562 | 3.5670 | 3.6354 | 3.7462 |
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): | 45.11 | |
| MACD (12,26,9): | -0.0073 | |
| Directional Movement: | 2.0554 | |
| AROON (14): | -35.7143 | |
| DEMA (21): | 3.4151 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.3878 | |
| Elder Ray (13): | -0.0002 | |
| Super Trend (3,10): | 3.4445 | |
| Zig ZAG (10): | 3.4210 | |
| VORTEX (21): | 0.9811 | |
| Stochastique (14,3,5): | 63.08 | |
| TEMA (21): | 3.4149 | |
| Williams %R (14): | -34.13 | |
| Chande Momentum Oscillator (20): | 0.0260 | |
| Repulse (5,40,3): | -0.1698 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0464 | |
| Courbe Coppock: | 0.67 |
| MA7: | 3.4443 | |
| MA20: | 3.4322 | |
| MA50: | 3.4516 | |
| MA100: | 3.5079 | |
| MAexp7: | 3.4224 | |
| MAexp20: | 3.4262 | |
| MAexp50: | 3.4380 | |
| MAexp100: | 3.4432 | |
| Price / MA7: | -0.68% | |
| Price / MA20: | -0.33% | |
| Price / MA50: | -0.89% | |
| Price / MA100: | -2.48% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | -0.15% | |
| Price / MAexp50: | -0.49% | |
| Price / MAexp100: | -0.64% |
Quotes :
11/03/2022 - 22:43
-
10 min delayed data
-
COMEX Futures
News
Don't forget to follow the news on COPPER. At the time of publication of this analysis, the latest news was as follows:
-
10/25/2022 - 23:51
Weekly Commodities Trading Prep: Copper, China, Agriculture
-
08/15/2022 - 10:45
Copper Stocks | Hannan Metals - Big area and looks like soon a big discovery | COMMODITIES
-
08/09/2022 - 01:15
Is copper the new gold?
-
07/22/2022 - 12:54
Copper And Silver Stocks! Hannan Metals Is Full On Track | COMMODITIES
-
07/05/2022 - 15:05
Is there too much copper around?
This member declared not having a position on this financial instrument or a related financial instrument.
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