Rame Analisi Tecnica | Rame Trading: 2020-04-01 | IFCM Italy
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Rame Analisi Tecnica - Rame Trading: 2020-04-01

Rame Technical Analysis Summary

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Forte Di VendereSellNeutroBuyForte Acquistare

Sopra 2,25

Buy Stop

Sotto 1,97

Stop Loss

Mary Wild
Senior Analytical Expert
Articoli 2058
IndicatorSignal
RSI Buy
MACD Sell
MA(200) Neutro
Fractals Buy
Parabolic SAR Buy
Bollinger Bands Neutro

Rame Chart Analysis

Rame Chart Analysis

Rame Analisi Tecnica

On the daily timeframe, Copper: D1 is trying to grow from its minimum in January 2016. It still remains in the medium-term downtrend, but the decline stopped and a number of technical analysis indicators generated signals for growth. We do not exclude a bullish movement if Copper rises above its last upper fractal and last maximum: 2.25. This level can be used as an entry point. The initial stop loss is possible below the Parabolic signal, the last lower fractal and the minimum since January 2016: 1.97. After opening the pending order, we move the stop loss after the Bollinger and Parabolic signals to the next fractal minimum. Thus, we change the potential profit / loss ratio in our favor. After the transaction, the most risk-averse traders can switch to a four-hour chart and set a stop loss, moving it in the direction of the trend. If the price overcomes the stop level (1.97) without activating the order (2.25), it is recommended to delete the order: some internal changes in the market weren’t taken into account.

Analisi Fondamentale Materie Prime - Rame

China demonstrated an unexpected increase in business activity in industry in March 2020. Will Copper prices grow?

The manufacturing PMI (Purchasing Managers' Index) economic indicator, calculated by the Chinese National Bureau of Statistics (NBS), soared in March to 52 points from its historic low of 35.7 points in February this year. It should be emphasized that 52 points is the highest level since September 2017. Amid the ongoing pandemic of the coronavirus, investors expected a much more modest Chinese manufacturing PMI of 45 points. Now they are more optimistic and predict the same marked increase in industry in neighboring countries - South Korea and Japan. Their official data will be released later. The rapid recovery of industry in Southeast Asia could markedly increase copper demand. It should be noted that World Bank expects a symbolic but still 0.1% increase in Chinese GDP in 2020. China consumes more than half of all copper in the world.

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Note:
Questa panormaica è di carattere informativo-educativo e viene pubblicata gratuitamente. Tutti i dati compresi nella panoramica sono ottenuti da fonti pubbliche conosciute più o meno affidabili. Inoltre non c'è alcuna garanzia che le informazioni fornite siano precise e complete. Le panoramiche non vengono aggiornate. Tutta l'informazione in ciascuna panoramica, compresi indicatori, opinioni, grafici e o quant'altro, è fornita a scopo conoscitivo e non è un consiglio finanziario. Tutto il testo e qualsiasi delle sue parti, e anche i grafici non possono essere considerati un'offerta per effettuare un'operazione con un qualsiasi asset. IFC Markets e i suoi impiegati in alcun caso non sono responsabili per qualsiasi azione intrapresa sulla base delle informazioni contenute.

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