Ultima Markets【 Market Analysis 】 Copper prices have rebounded due to oversold prices, and under loose policies...

todayUltimaMarkets Bringing you 2024year 2month 13Daily copperIn depth analysis.

Fundamental points

• Strong US economy: USA1monthISM服务业指数上升至53.4，创四个月新高，预期52。新订单和物价指数创将近一年新高。强劲的经济数据几乎消除了3月份降息的可能性，5月份降息的机会也有所减少，市场风险偏好下降。
• 宽松政策下的铜价: In2024年各国货币政策转向宽松，并以推进经济为导向，铜作为经济建设不可或缺的大宗商品，需求的支撑将为铜价上涨做出一定的贡献。
  

technical analysis

Daily chart analysis

Daily chart of copper, sourceUltima Markets MT4）

• Random oscillation index：指标在超卖区域发出多头信号，暗示前期的下跌趋势或短期得到遏制，关注是否存在反弹的做多机会。
• bareKstructure：昨日收盘价超过上周五的开盘价，最终组合形成看涨吞没裸K结构，暗示短期多头反攻力量强劲。但能否进一步转换成值得交易的趋势，需要关注上方上行趋势线的反应。
  

1Hour chart analysis

(Copper)1Hour chart, sourceUltima Markets MT4）

• Random oscillation index：指标仍然在超买区域震荡上行，暗示当前多头趋势仍处于末期阶段，目前做多风险较大，需要等待指标脱离超买区域后再关注交易机会。
• upstream通道线：汇价形成W底筑底形态后突破绿色颈线，后续快速上涨突破上行通道线暗示当前大概率处于艾略特波浪理论的上升驱动浪3，关注回踩上行通道线后是否存在做多机会。
  

Trading CentralHub Line Indicators

(Copper)30Minute chart, sourceUltima Markets APP）

• according toUltima Markets APPInTradingCentralHub line indicators, central price range for the day3.6995，
• 3.6995Upward bullish, first goal3.7535Second objective3.7690
• 3.6995Under bearish, first target3.6730Second objective3.6575
  

Disclaimers

The comments, news, research, analysis, pricing, and other information contained in this article can only be considered as general market information and are provided solely to assist readers in understanding the market situation and do not constitute investment advice.UltimaMarketsReasonable measures have been taken to ensure the accuracy of the data, but the accuracy of the data cannot be guaranteed and can be changed at any time without notice.UltimaMarketsWe will not be responsible for any losses or losses (including but not limited to any loss of profits) that may arise from the direct or indirect use or reliance on such information.