COPPER - 1H - Technical analysis published on 03/19/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
11%
72%
17%
My opinion
Bearish under 4.0635 USD
My targets
4.0095 USD (-0.90%)
3.9720 USD (-1.83%)
My analysis
The bearish trend is currently very strong for COPPER. As long as the price remains below the resistance at 4.0635 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 4.0095 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 3.9720 USD as an objective. Crossing it would then enable sellers to target 3.5218 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
8
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This analysis was given by Simon1. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The COPPER price is 4.0460 USD. On the day, this instrument lost -1.51% and was between 4.0415 USD and 4.0920 USD. This implies that the price is at +0.11% from its lowest and at -1.12% from its highest.4.0415
4.0920
4.0460
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this COPPER chart shows a sharp bearish trend. 92.86% 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further decline is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
MACD indicator: bullish divergence
Type : Bullish
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 : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.9720 | 4.0095 | 4.0409 | 4.0460 | 4.0635 | 4.0816 | 4.1096 |
| Change (%) | -1.83% | -0.90% | -0.13% | - | +0.43% | +0.88% | +1.57% |
| Change | -0.0740 | -0.0365 | -0.0051 | - | +0.0175 | +0.0356 | +0.0636 |
| Level | Intermediate | Minor | Intermediate | - | Major | Intermediate | Minor |
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 | 3.9427 | 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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 41.89 | |
| MACD (12,26,9): | -0.0098 | |
| Directional Movement: | -13.2338 | |
| AROON (14): | -35.7143 | |
| DEMA (21): | 4.0764 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.0969 | |
| Elder Ray (13): | -0.0122 | |
| Super Trend (3,10): | 4.1238 | |
| Zig ZAG (10): | 4.0755 | |
| VORTEX (21): | 0.9385 | |
| Stochastique (14,3,5): | 34.98 | |
| TEMA (21): | 4.0682 | |
| Williams %R (14): | -68.92 | |
| Chande Momentum Oscillator (20): | -0.0395 | |
| Repulse (5,40,3): | -0.1478 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0325 | |
| Courbe Coppock: | 1.92 |
| MA7: | 4.1126 | |
| MA20: | 4.1201 | |
| MA50: | 3.8510 | |
| MA100: | 3.6224 | |
| MAexp7: | 4.0769 | |
| MAexp20: | 4.0838 | |
| MAexp50: | 4.0960 | |
| MAexp100: | 4.1007 | |
| Price / MA7: | -1.62% | |
| Price / MA20: | -1.80% | |
| Price / MA50: | +5.06% | |
| Price / MA100: | +11.69% | |
| Price / MAexp7: | -0.76% | |
| Price / MAexp20: | -0.93% | |
| Price / MAexp50: | -1.22% | |
| Price / MAexp100: | -1.33% |
Quotes :
2021-03-19 06:10:54
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10 min delayed data
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COMEX Futures
News
The last news published on COPPER at the time of the generation of this analysis was as follows:
-
Have we seen a Copper Top - 26th February 2021
-
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
-
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
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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…
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