Copper Is Looking Sexy
I don't know why but the color of copper is soothing to me. Anyway, today we are looking at Copper which is RED hot for my reasons including seasonality which is coming to an end.
Here are some notes on Copper.
Daily Chart:
+ Top Keltner touch, complex pullback
+ Cycle Low
+ MACD momentum fast angling up (near 0) and slow > 0 (but flat)
+ Rainbow in play
+ price > 200
* Bullish seasonality until 3/6
* Squeeze starting in 195 min
Weekly Chart:
+ Weekly top Keltner touch
+ MACD Up
+ 10sma > 34 ema
+ price > 200
Monthly Chart
+ price > 200
+ 10 sma > 34 ema
+ Monthly squeeze with bullish momentum
+ Cycle low
Extra Notes
* Interestingly enough, copper shows strength in China and by default AUD because of trade.
* Shows strength in global economy, when copper is doing well, the world is usually growing.
Here are some notes on Copper.
Daily Chart:
+ Top Keltner touch, complex pullback
+ Cycle Low
+ MACD momentum fast angling up (near 0) and slow > 0 (but flat)
+ Rainbow in play
+ price > 200
* Bullish seasonality until 3/6
* Squeeze starting in 195 min
Weekly Chart:
+ Weekly top Keltner touch
+ MACD Up
+ 10sma > 34 ema
+ price > 200
Monthly Chart
+ price > 200
+ 10 sma > 34 ema
+ Monthly squeeze with bullish momentum
+ Cycle low
Extra Notes
* Interestingly enough, copper shows strength in China and by default AUD because of trade.
* Shows strength in global economy, when copper is doing well, the world is usually growing.
Get more in-depth analysis on my website: joerodtrades.com
Get Funded: apextraderfunding.com/member/aff/go/jrod730
Get Funded: apextraderfunding.com/member/aff/go/jrod730
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Get more in-depth analysis on my website: joerodtrades.com
Get Funded: apextraderfunding.com/member/aff/go/jrod730
Get Funded: apextraderfunding.com/member/aff/go/jrod730
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.