Markets By TradingView

Copper to see a significant swing higher

Copper (LME) looks to be completing a bull “flag” to suggest it is set for a fresh and potentially swing higher, which will be reinforced on a break above

Yayınlanma: 19 Ağustos 2020 15:39

Güncellenme: 7 Kasım 2024 07:20

Copper to see a significant swing higher – Credit Suisse

19 August 2020, 10:29

Copper (LME) looks to be completing a bull “flag” to suggest it is set for a fresh and potentially swing higher, which will be reinforced on a break above $6665, according to strategists at Credit Suisse.

Key quotes

“Copper is breaking out from a bullish ‘flag’ continuation pattern. Above the current cycle, high and long-term downtrend at $6633/65 is still probably needed to reinforce the break to add further upside momentum.” “Above $6725 in due course should then expose $7254/7348 - the high of 2018 and 50% retracement of the 2011/2016 collapse. Beyond here can see 61.8% Fibonacci retracement at $7947.” “Supports at $6226 needs to hold to maintain the ‘flag’.”

Önceki

EUR/NOK to dip toward 10.40 on a Norges Bank hawkish statement

Sonraki

USD/CNY: Yuan to withstand coming storms, 6.85-7.00 trading range

İLGİLİ HABERLER

European stocks soared and focus shifted to German retail sales after Powell's speech!

European stocks soared and focus shifted to German retail sales after Powell's speech! European stocks soared and focus shifted to German retail sales after Powell's speech!

Forex Signal For TRY/USD: Inflation Slowdown in November.

Forex Signal For TRY/USD: Inflation Slowdown in November. Forex Signal For TRY/USD: Inflation Slowdown in November.

Forex Signal For GBP/USD: Bullish Trend Still Not Breaking While Recovery Continues.

Forex Signal For GBP/USD: Bullish Trend Still Not Breaking While Recovery Continues. Forex Signal For GBP/USD: Bullish Trend Still Not

Forex Signal For EUR/USD: Starry US Data Points to Higher Fed Increases.

Forex Signal For EUR/USD: Starry US Data Points to Higher Fed Increases. Forex Signal For EUR/USD: Starry US Data Points to Higher Fed

Forex Signal For BTC/USD: Downside Continues as Bitcoin Recovery Moves Less.

Forex Signal For BTC/USD: Downside Continues as Bitcoin Recovery Moves Less. Forex Signal For BTC/USD: Downside Continues as Bitcoin Recovery

En Popüler Haberler

Yorum Yap

Yorumlar

Henüz yorum yapan yok! İlk yorumu siz yapın...