COPPER - 1H - Technical analysis published on 02/25/2021 (GMT)
- 155
- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
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 4.2245 USD
My targets
4.4757 USD (+3.38%)
4.6285 USD (+6.91%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on COPPER as long as the price remains well above 4.2245 USD. The buyers” bullish objective is set at 4.4757 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 4.6285 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.9
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
The COPPER rating is 4.3295 USD. The price registered an increase of +0.82% on the session and was between 4.2995 USD and 4.3360 USD. This implies that the price is at +0.70% from its lowest and at -0.15% from its highest.4.2995
4.3360
4.3295
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
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 bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 3.9305 | 4.0635 | 4.2245 | 4.3295 | 4.6285 |
| Change (%) | -9.22% | -6.14% | -2.43% | - | +6.91% |
| Change | -0.3990 | -0.2660 | -0.1050 | - | +0.2990 |
| Level | Minor | Major | Intermediate | - | Intermediate |
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 | 4.0183 | 4.0792 | 4.1978 | 4.2587 | 4.3773 | 4.4382 | 4.5568 |
| Camarilla | 4.2671 | 4.2836 | 4.3001 | 4.3165 | 4.3330 | 4.3494 | 4.3659 |
| Woodie | 4.0473 | 4.0936 | 4.2268 | 4.2731 | 4.4063 | 4.4526 | 4.5858 |
| Fibonacci | 4.0792 | 4.1477 | 4.1901 | 4.2587 | 4.3272 | 4.3696 | 4.4382 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.5847 | 3.6893 | 3.8817 | 3.9863 | 4.1787 | 4.2833 | 4.4757 |
| Camarilla | 3.9923 | 4.0196 | 4.0468 | 4.0740 | 4.1012 | 4.1285 | 4.1557 |
| Woodie | 3.6285 | 3.7113 | 3.9255 | 4.0083 | 4.2225 | 4.3053 | 4.5195 |
| Fibonacci | 3.6893 | 3.8028 | 3.8729 | 3.9863 | 4.0998 | 4.1699 | 4.2833 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.2037 | 3.3473 | 3.4467 | 3.5903 | 3.6897 | 3.8333 | 3.9327 |
| Camarilla | 3.4792 | 3.5015 | 3.5237 | 3.5460 | 3.5683 | 3.5906 | 3.6128 |
| Woodie | 3.1815 | 3.3363 | 3.4245 | 3.5793 | 3.6675 | 3.8223 | 3.9105 |
| Fibonacci | 3.3473 | 3.4402 | 3.4975 | 3.5903 | 3.6832 | 3.7405 | 3.8333 |
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): | 75.23 | |
| MACD (12,26,9): | 0.0404 | |
| Directional Movement: | 29.7542 | |
| AROON (14): | 100.0000 | |
| DEMA (21): | 4.2987 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.2486 | |
| Elder Ray (13): | 0.0525 | |
| Super Trend (3,10): | 4.2454 | |
| Zig ZAG (10): | 4.3295 | |
| VORTEX (21): | 1.2176 | |
| Stochastique (14,3,5): | 98.61 | |
| TEMA (21): | 4.3203 | |
| Williams %R (14): | -2.13 | |
| Chande Momentum Oscillator (20): | 0.1355 | |
| Repulse (5,40,3): | 1.1495 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0931 | |
| Courbe Coppock: | 6.09 |
| MA7: | 4.1094 | |
| MA20: | 3.8256 | |
| MA50: | 3.6906 | |
| MA100: | 3.4624 | |
| MAexp7: | 4.3038 | |
| MAexp20: | 4.2518 | |
| MAexp50: | 4.1963 | |
| MAexp100: | 4.1223 | |
| Price / MA7: | +5.36% | |
| Price / MA20: | +13.17% | |
| Price / MA50: | +17.31% | |
| Price / MA100: | +25.04% | |
| Price / MAexp7: | +0.60% | |
| Price / MAexp20: | +1.83% | |
| Price / MAexp50: | +3.17% | |
| Price / MAexp100: | +5.03% |
Quotes :
2021-02-25 00:44:59
-
10 min delayed data
-
COMEX Futures
News
The latest news and videos published on COPPER at the time of the analysis were as follows:
-
Adventus Mining – Copper And Gold Development In Ecuador. The Company Is Not Discovered Yet
-
COPPER BREAKOUT: Free Trade Zone In Asia Is Online And China Grows Well. COPPER Is The TOP Metal
-
Market Sentiment Neutral but Nasdaq, Copper, Iron Ore Trending Higher | Webinar
-
COPPER, OIL And GOLD Are ALL IN HIGH DEMAND And WORTH To Be Invested In 2021
-
Vast Resources sells first copper
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis COPPER - 1H