Copper (CME)Copper (CME)
20241028 21:12
Copper (CME) (DEC4) intraday: the upside prevails as long as 4.3110 is support
Our pivot point is at 4.3110.
Our preference: the upside prevails as long as 4.3110 is support.
Alternative scenario: the downside breakout of 4.3110 would call for 4.2925 and 4.2740.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Copper (CME) (DEC4) is trading above both its 20 and 50 period moving average (respectively at 4.3617 and 4.3624).
Supports and resistances:
4.4430 **
4.4245 *
4.3940 **
4.3815
4.3695 last
4.3290
4.3110 **
4.2925 *
4.2740 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
TRADING CENTRAL is governed by the Code of Conduct of ANACOFI-CIF, an association approved by the Autorité des Marchés Financiers and registered with ORIAS under number 17005458.
Written on 10-28-2024 at 21:12 UTC+1
Price reference: 4.3695 last known on 10-28-2024 at 21:12 UTC+1
Investment horizon: INTRADAY
TRADING CENTRAL recommends reading the legal and regulatory information as well as the warnings concerning the information provided accessible from the following link : https://global.tradingcentral.com/www/pdf/terms_of_use_web_sites_en.pdf
GoldGold
20241028 21:23
Gold Intraday: intraday support around 2734.00.
Pivot: 2734.00
Our preference: long positions above 2734.00 with targets at 2748.00 & 2758.00 in extension.
Alternative scenario: below 2734.00 look for further downside with 2725.00 & 2717.00 as targets.
Comment: the RSI is above its neutrality area at 50%.
Supports and resistances:
2770.00
2758.00
2748.00
2742.39 Last
2734.00
2725.00
2717.00
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
TRADING CENTRAL is governed by the Code of Conduct of ANACOFI-CIF, an association approved by the Autorité des Marchés Financiers and registered with ORIAS under number 17005458.
Written on 10-28-2024 at 21:23 UTC+1
Price reference: 2742.39 last known on 10-28-2024 at 21:23 UTC+1
Investment horizon: INTRADAY
TRADING CENTRAL recommends reading the legal and regulatory information as well as the warnings concerning the information provided accessible from the following link : https://global.tradingcentral.com/www/pdf/terms_of_use_web_sites_en.pdf
Crude Oil (WTI)Crude Oil (WTI)
20241028 21:25
Crude Oil (WTI) (Z4) Intraday: key resistance at 68.85.
Pivot: 68.85
Our preference: short positions below 68.85 with targets at 66.50 & 65.30 in extension.
Alternative scenario: above 68.85 look for further upside with 69.75 & 70.65 as targets.
Comment: the upward potential is likely to be limited by the resistance at 68.85.
Supports and resistances:
70.65
69.75
68.85
68.02 Last
66.50
65.30
64.20
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
TRADING CENTRAL is governed by the Code of Conduct of ANACOFI-CIF, an association approved by the Autorité des Marchés Financiers and registered with ORIAS under number 17005458.
Written on 10-28-2024 at 21:25 UTC+1
Price reference: 68.02 last known on 10-28-2024 at 21:25 UTC+1
Investment horizon: INTRADAY
TRADING CENTRAL recommends reading the legal and regulatory information as well as the warnings concerning the information provided accessible from the following link : https://global.tradingcentral.com/www/pdf/terms_of_use_web_sites_en.pdf
Crude Oil (WTI)Crude Oil (WTI)
20241028 16:40
Crude Oil (WTI) (Z4) Intraday: key resistance at 68.85.
Pivot: 68.85
Our preference: short positions below 68.85 with targets at 66.50 & 65.30 in extension.
Alternative scenario: above 68.85 look for further upside with 69.75 & 70.65 as targets.
Comment: the upward potential is likely to be limited by the resistance at 68.85.
Supports and resistances:
70.65
69.75
68.85
67.84 Last
66.50
65.30
64.20
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
TRADING CENTRAL is governed by the Code of Conduct of ANACOFI-CIF, an association approved by the Autorité des Marchés Financiers and registered with ORIAS under number 17005458.
Written on 10-28-2024 at 16:40 UTC+1
Price reference: 67.84 last known on 10-28-2024 at 16:40 UTC+1
Investment horizon: INTRADAY
TRADING CENTRAL recommends reading the legal and regulatory information as well as the warnings concerning the information provided accessible from the following link : https://global.tradingcentral.com/www/pdf/terms_of_use_web_sites_en.pdf
GoldGold
20241028 16:42
Gold Intraday: intraday support around 2734.00.
Pivot: 2734.00
Our preference: long positions above 2734.00 with targets at 2748.00 & 2758.00 in extension.
Alternative scenario: below 2734.00 look for further downside with 2725.00 & 2717.00 as targets.
Comment: the RSI is above its neutrality area at 50%.
Supports and resistances:
2770.00
2758.00
2748.00
2742.80 Last
2734.00
2725.00
2717.00
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
TRADING CENTRAL is governed by the Code of Conduct of ANACOFI-CIF, an association approved by the Autorité des Marchés Financiers and registered with ORIAS under number 17005458.
Written on 10-28-2024 at 16:42 UTC+1
Price reference: 2742.80 last known on 10-28-2024 at 16:42 UTC+1
Investment horizon: INTRADAY
TRADING CENTRAL recommends reading the legal and regulatory information as well as the warnings concerning the information provided accessible from the following link : https://global.tradingcentral.com/www/pdf/terms_of_use_web_sites_en.pdf
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Copper (CME)
21:12
alarm
The configuration is positive.
-
Gold
21:23
alarm
Long positions above 2734.00 with targets at 2748.00 & 2758.00 in extension.
-
Crude Oil (WTI)
21:25
alarm
Short positions below 68.85 with targets at 66.50 & 65.30 in extension.
-
Crude Oil (WTI)
16:40
alarm
Short positions below 68.85 with targets at 66.50 & 65.30 in extension.
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Gold
16:42
alarm
Long positions above 2734.00 with targets at 2748.00 & 2758.00 in extension.