XCUUSD ( COPPER / USD ) Commodities Analysis 29/08/2022

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Fundamental Analysis:

as of now we can see the global inflation has rise sky rocket and the worlds economy is in a huge bobble which soon will explode and a catastrophic crisis may occur, ultimately most of the manufacturing and development plants which are dependent on the base commodities such as Copper and gold may face some market crises and demand may plummet to a very critically low levels, consequently a lots of the retail and small entities producer and manufacturers will hit the bottom line and bankruptcies if their exposure is not hedged or planned their business strategies accordingly for these days.
one of the main reason for this incident can be the changing of the world order and power pole transformation from west to the middle east and far east, Russia's conflicts with Europe and china's with south china's sea and Taiwan.
food shortage and probably real state collapse could be predicted and can be a good cause of such a market fall.
energy crisis and fuel price jump can be another good reason to decrease the equity and profit margin in the manufacturing and production segments.




Technical Analysis:

There exist a bearish Divergence of Price and MACD followed with some market fall from its ATH which means bullish trend Reversal and we are facing more falls and a bearish Market, using Fibonacci Retracement levels we have defined some Target Levels which are having confluences with different cycle Fib Levels.
we have defined some Resistance levels using Fibonacci and Price Action.
we may have some Bullish price correction on the way of the bearish trend.

There are total of 4 targets defined using the confluences of Different Fibonacci and Price action levels and they can be considered as strong support levels if not Broken sharply
交易進行
the resistance are of 9350 approx:9500, stood and the bearish trend is continuing to the specified targets
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