Copper
FCX on commodities/copper againConsidering how this has played out in the past and the current economic environment, we continue to pick our spots to go long copper.
Not the best R ratio but as usual we can make it better once in profit by moving TP up and SL to Breakeven.
Price action on #Copper $HG The narrative around copper is very compelling.
1) $5T of Government spending in the next 10 years for renewable energy development
2) Electric cars
3) Miners underinvestment in recent years
What this says to me is the simple fundamentals from miners...limited supply would be enough to extend this commodity bull cycle.
Beyond that...we have car manufacturers making bold moves to have a majority of their fleets electric within the next 10 years.
European and California carbon credits markets are becoming more developed...producing incentives for companies to move towards greener technologies. Whether you agree with the politics of it or not...it is happening.
And massive government spending on renewable energy.
What does all this green stuff have to do with copper?
All these need copper...and lots of it!
With just experiences a 50% retracement from the May 21st high of 4.5815 and made a double top with divergent RSI this morning.
Zooming in we can see some impulsive buying around the $4.5 area.
The long term trend in copper looks very promising.
Could it go lower? Of course...but today's price action has me watching very closely.
NAK 4hr - May 2021Breaking out of the falling wedge pattern. First target at the 50% fib retrace level of $0.81 with a potential to retest the lower-high trendline near $1.04.
Copper futures breaks resistance levelCopper prices breaks resistance level after over a decade. Reason for this is Copper has responded to China’s industrial growth and global manufactured goods demand. Idea originated from CME and Goldman Sachs Exchange podcast - Copper is the new oil.
SCCO - wedge breakout and retest. Small risk buy opportunityNYSE:SCCO We can see a wedge breakout on heavy volume, small decline and retest. Probably, it is a second chance to enter long on this price level.
COPPEROpportunity to watch in Copper.
Possible impulse for Long.
Price is a bit below it ATH, but, before dump, it must clear the path.
Let me know what do you think. And thumb up if you find this is good content.
Peace and Joy!
Crypto SolArb
Pray for Uncle Jones - 6 Month Copper ChartInflation along with supply shortages will send copper to the moon
Sentiment Sunday - GoldSentiment Sunday:
- Eyes are on gold this week, gold bugs are buzzing about a possible explosive breakout.
- Rising material costs signaling consumer inflation, yet Fed's monetary inflation model has not indicated inflation yet.
- Mixed sentiment, as Fed is likely to maintain dovish monetary policies.
- Energy, Industrials, and Industrial/Capital Goods-related materials showing strength, supporting a 'Reflation' macro quadrant situation.
- Poor employment data signaling a possible move toward stagflation. I speculate that the economic data from now will begin to reflect the effects of the pandemic.
- Lumber, copper, cryptocurrencies seeing massive gains, speculators expecting the precious metals to finally trail.
- Elon Musk stated that DOGE was a 'hustle' in his anticipated Saturday Night Live hosting, causing a correction in the cryptocurrency market. Investors are likely exiting and preparing to move into lagging inflationary assets.
- Trend is still not defined, but the bullish case for gold is rather strong.
GLHF,
DPT
Disclaimer:
We absolutely do not provide financial advice in any shape or form. We do not recommend investing based on our opinions and strongly cautions that securities trading and investment involves high risk and that you can lose a lot of money. Loss of principal is possible. We do not recommend risking money you cannot afford to lose. We do not guarantee future performance nor accuracy in historical analyses. We are not registered investment advisors. Our ideas, opinions and statements are not a substitute for professional investment advice. We provide ideas containing impersonal market observations and our opinions. Our speculations may be used in preparation to form your own ideas.
COPPER (XCU/USD) – Week 20 – New top expected.As we mentioned in our previous analysis, Copper pulled-back and it looks like the price is starting to lose momentum, after reaching our trendline.
In this context, in the coming week expect this pair to make a new top.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
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copper trand 15 minit candal chart copper is up trade progress long time this year copper 36% gain this rang very somuth for sell but without stoploss no trade my prediction in the chart
Copper close to complete the measured move!Copper has a healthy stair-step trend, with mid-term consolidations after big rally's, as drawn in chart.
We are about to make the measured move which I projected in my last chart on this ETF, at this point I expect we could enter a period of consolidation.
Risk Management
I will tight my exits to the 5-day moving average once we complete the measured move. That way I can still be in it if it continues to rally, but will secure my gains which I set in my initial plan.
To see the initial plan and breakout setup, click on related ideas "Copper breaking out"
COPPER (XCU/USD) – Week 19 – Strong bulls.In our previous analysis, Copper continued, as expected, its strong bullish momentum.
In this context, we anticipate a pullback to occur in the following days, towards the support area before continuing the big Monthly uptrend.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Traditional market analysis 12/05/2020 #1Going through several FX pairs, the importance of the USD, all the important commodities (Gold, Copper, Oil) and finally some indices like the Nasdaq 100, S&P 500, Nikkei etc.
#COPPER mcx -12TH MAY 2021- HOURLY TRADE#COPPER mcx -12TH MAY 2021- HOURLY TRADE- COPPER IS TRADING ABOVE THE WEEKLY SUPPORT AND TREND LINE SO WE WILL BE LOOKING FOR THE BUY OPPORTUNITIES NEAR 794 AND SL WOULD BE AT 787 AND TARGET 822 , TRAIL SL, TRADE CAUTIOUSLY.
Copper prices are facing bullish pressure, potential upside Copper prices are testing our first support in line with our 23.6% fibonacci retracement, 61.8% fibonacci extension and ascending trend line where we could see a further upside above this level. EMA and Ichimoku cloud are showing signs of bullish pressure as well, in line with our bullish bias. A break above our upside confirmation level in line with our horizontal swing high resistance could provide the bullish acceleration to our first resistance target.
Jubilee Metals Group Jubilee broke a strong resistance at R3.50, shooting up 18% to hit R4.15.
I expect a pullback as it reaches the upper end of the trend line, before moving higher again.
I'll use this upcoming pullback to add to my position.
Copper Mcx Daily AnalysisPls look at charts
Target given both sides.
This is for education purpose only.
Copper prices are testing support, potential bounce Copper prices are testing our first support in line with our 23.6% fibonacci retracement, 61.8% fibonacci extension and ascending trend line where we could see a further upside above this level. EMA and Ichimoku cloud are showing signs of bullish pressure as well, in line with our bullish bias.
