Trade of the day: Copper (02.05.2023)

COPPER

Commodities

Facts:

The main trend remains upward
The bounced off the lower limit of 1:1 structure

Recommendation:

Trade: Long position on Copper at market price

Target: 9080, 9380

Stop: 8350

Opinion: Copper has been trading in an upward trend recently. Looking at the D1 interval, one can see that the price once again bounced off the key support area near 8,450. The green marked zone is a result of lower limit of 1:1 structure, as well as 50% Fibonacci retracement of the recent upward move. In addition, local double bottom formation surfaced on the chart. Taking this into account, one could expect the price move higher from current levels. We recommend taking a long position on Copper at market price with two targets 9,080 and 9,380. We recommend also placing a stop loss order at 8,350. Source: xStation5

5 June 2025, 2:59 PM

BREAKING: US500 slightly gains after the Trump - Xi phone call 📈

2 August 2024, 10:19 AM

Trade of the Day – GBPUSD (02.08.2024)

22 September 2023, 1:04 PM

Trade of the day - CH50cash (22.09.2023)

15 September 2023, 8:49 AM

Grifols receives a boost from the European Parliament

trading signal

Cookie name	Description
SERVERID
userBranchSymbol	Expiration date 1 day
test_cookie	Expiration date 1 hour
adobe_unique_id	Expiration date 364 days
__hssc	Expiration date 1 hour
SESSID	Expiration date 1 day
__cf_bm	Expiration date 1 hour
intercom-id-iojaybix	Expiration date 270 days
intercom-session-iojaybix	Expiration date 6 days
xtbCookiesSettings	Expiration date 364 days
TS5b68a4e1027
countryIsoCode
xtbLanguageSettings	Expiration date 364 days
userPreviousBranchSymbol	Expiration date 364 days
intercom-device-id-iojaybix	Expiration date 270 days
__cfruid
_cfuvid

Cookie name	Description
_gid	Expiration date 1 day
_gat_UA-98728395-1	Expiration date 1 hour
_gat_UA-121192761-1	Expiration date 1 hour
_gcl_au	Expiration date 89 days
_ga_CBPL72L2EC	Expiration date 729 days
_ga	Expiration date 729 days
__hstc	Expiration date 179 days
__hssrc
_vwo_uuid_v2	Expiration date 365 days
_ga_TC79BEJ20L	Expiration date 729 days
_vwo_uuid	Expiration date 365 days
_vwo_ds	Expiration date 29 days
_vwo_sn	Expiration date 1 hour
_vis_opt_s	Expiration date 99 days
_vis_opt_test_cookie
af_id	Expiration date 394 days
afUserId	Expiration date 730 days
AF_SYNC	Expiration date 6 days
AnalyticsSyncHistory	Expiration date 29 days

Cookie name	Description
MUID	Expiration date 389 days
_omappvp	Expiration date 3998 days
_omappvs	Expiration date 1 hour
_uetsid	Expiration date 1 day
_uetvid	Expiration date 389 days
_fbp	Expiration date 89 days
fr	Expiration date 89 days
_ttp	Expiration date 89 days
_tt_enable_cookie	Expiration date 89 days
hubspotutk	Expiration date 179 days
IDE	Expiration date 389 days
YSC
VISITOR_INFO1_LIVE	Expiration date 179 days
li_sugr	Expiration date 89 days
guest_id_marketing	Expiration date 729 days
guest_id_ads	Expiration date 729 days
guest_id	Expiration date 729 days
muc_ads	Expiration date 729 days
VISITOR_PRIVACY_METADATA	Expiration date 179 days
MSPTC	Expiration date 389 days

Cookie name	Description
bcookie	Expiration date 364 days
lidc	Expiration date 1 day
UserMatchHistory	Expiration date 29 days
bscookie	Expiration date 364 days
li_gc	Expiration date 179 days
personalization_id	Expiration date 729 days

Trade of the day: Copper (02.05.2023)

Join over 1 700 000 XTB Group Clients from around the world