Copper , fantastic potential within the Precious Metal market!
Hi guys, we would be looking into one of my favourite precious metals COPPER. Currently it has been fluctuating around this price level overviewed on 1H and 4H time frames. The RSI is also sitting in low levels which is forming an Ascending Channel.
This is on a technical level,now let's look into Fundamental level :
Investing in copper presents a compelling opportunity due to its critical role in the global economy and its growing demand across multiple sectors. As a key industrial metal, copper is essential for infrastructure development, construction, and the production of electrical equipment, making it a cornerstone of both established and emerging industries.
The accelerating transition to renewable energy and electric vehicles (EVs) further underscores its importance. Copper's superior conductivity makes it indispensable for solar panels, wind turbines, EV batteries, and charging stations, driving long-term demand as the world shifts toward greener energy solutions.
Moreover, global supply challenges, including declining ore grades and the need for significant new mining projects, create a favorable supply-demand dynamic that supports higher copper prices. For investors, copper represents a strategic asset with potential for strong returns tied to industrial growth, technological innovation, and the push for sustainability.
Entry cover up.
Entry : 4.1500
Target 1 : 4.21803
Target 2: 4.34026
As always my friends happy trading!
P.S. If you have questions or inquiries about one of my existing set-ups or personal questions / 1 on 1 sessions consider joining my channel so you can follow up with me in private!
This is on a technical level,now let's look into Fundamental level :
Investing in copper presents a compelling opportunity due to its critical role in the global economy and its growing demand across multiple sectors. As a key industrial metal, copper is essential for infrastructure development, construction, and the production of electrical equipment, making it a cornerstone of both established and emerging industries.
The accelerating transition to renewable energy and electric vehicles (EVs) further underscores its importance. Copper's superior conductivity makes it indispensable for solar panels, wind turbines, EV batteries, and charging stations, driving long-term demand as the world shifts toward greener energy solutions.
Moreover, global supply challenges, including declining ore grades and the need for significant new mining projects, create a favorable supply-demand dynamic that supports higher copper prices. For investors, copper represents a strategic asset with potential for strong returns tied to industrial growth, technological innovation, and the push for sustainability.
Entry cover up.
Entry : 4.1500
Target 1 : 4.21803
Target 2: 4.34026
As always my friends happy trading!
P.S. If you have questions or inquiries about one of my existing set-ups or personal questions / 1 on 1 sessions consider joining my channel so you can follow up with me in private!
Transakcja zamknięta: osiągnięto wyznaczony cel
Both targets have been smashed!!! Congratulations to everyone who participated in this amazing trade.
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Join my Telegram community for Forex trading insights, real-time news, educational content and friendly support. Let's grow and succeed together! -
t.me/Capital55DG
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