DAILY ANALYSIS

Copper (CME)Copper (CME)

20240510 22:30

Copper (CME) (JUL4) intraday: look for a drop towards 4.5980 before a bounce

Our pivot point is at 4.5980.

Our preference: look for a drop towards 4.5980 before a bounce.

Alternative scenario: the downside breakout of 4.5980 would call for 4.5785 and 4.5590.

Comment: the RSI is above its neutrality area at 50. The MACD is negative and below its signal line. The penetration of 50 on the RSI should trigger further losses. Copper (CME) (JUL4) is trading above both its 20 and 50 period moving average (respectively at 4.6562 and 4.6478).

Supports and resistances:

4.7395 **

4.7200 *

4.6870 **

4.6740

4.6605 last

4.6180

4.5980 **

4.5785 *

4.5590 **

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 05-10-2024 at 22:30 UTC+1

Price reference: 4.6605 last known on 05-10-2024 at 22:30 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

20240510 22:33

Gold Intraday: intraday support around 2355.00.

Pivot: 2355.00

Our preference: long positions above 2355.00 with targets at 2375.00 & 2387.00 in extension.

Alternative scenario: below 2355.00 look for further downside with 2346.00 & 2335.00 as targets.

Comment: the next resistances are at 2375.00 and then at 2387.00.

Supports and resistances:

2400.00

2387.00

2375.00

2363.00 Last

2355.00

2346.00

2335.00

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 05-10-2024 at 22:33 UTC+1

Price reference: 2363.00 last known on 05-10-2024 at 22:33 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)

20240510 22:37

Crude Oil (WTI) (M4) Intraday: under pressure.

Pivot: 78.90

Our preference: short positions below 78.90 with targets at 77.70 & 77.30 in extension.

Alternative scenario: above 78.90 look for further upside with 79.50 & 79.95 as targets.

Comment: the RSI has broken down its 30 level.

Supports and resistances:

79.95

79.50

78.90

78.31 Last

77.70

77.30

76.95

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 05-10-2024 at 22:37 UTC+1

Price reference: 78.31 last known on 05-10-2024 at 22:37 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

Cotton (ICE US)Cotton (ICE US)

20240510 21:44

Cotton (ICE US) (MAY4) intraday: gap

Our pivot point stands at 79.60.

Our preference: the downside prevails as long as 79.60 is resistance.

Alternative scenario: the upside breakout of 79.60, would call for 79.98 and 80.20.

Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Cotton (ICE US) (MAY4) stands below its 20 and 50 period moving average (respectively at 79.49 and 79.64).

Supports and resistances:

80.20 **

79.98 *

79.60 **

79.45

79.30 last

78.85

78.62 **

78.40 *

78.17 **

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 05-10-2024 at 21:44 UTC+1

Price reference: 79.30 last known on 05-10-2024 at 21:44 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

Copper (CME)Copper (CME)

20240510 17:47

Copper (CME) (JUL4) intraday: eye 4.5820

Our pivot point stands at 4.6715.

Our preference: eye 4.5820.

Alternative scenario: the upside breakout of 4.6715, would call for 4.7040 and 4.7240.

Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Copper (CME) (JUL4) is below its 20 period moving average (4.6780) but above its 50 period moving average (4.6337).

Supports and resistances:

4.7240 **

4.7040 *

4.6715 **

4.6585

4.6430 last

4.6015

4.5820 **

4.5625 *

4.5425 **

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 05-10-2024 at 17:47 UTC+1

Price reference: 4.6430 last known on 05-10-2024 at 17:47 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