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Copper

Gold, metals and oil are definitely back and looking very strongGold was falling as real yields were going up, but now that that trend has reversed gold is looking better. Gold has successfully broken and retested many key levels + several important moving averages and pivots. In the past I thought 1680 would break even just in the short term and it is still a possibility, but looks less likely at the moment. Currently Gold is at a bit of resistance and could pull back a little bit. The key level is 1980 where it could have a major trap and then a decent correction before going higher. Yes there are some issue with gold too, especially as it is still below its 2011 ATH, but once it starts closing above it again things could change rapidly. Metals overall seem really strong, with Silver gearing for a big breakout although there is still a chance of failure at the resistance above. Palladium still going hard and seems relentless. Copper at its 2011 ATHs still looking decent although it might pullback a little bit. Oil although not a metal, is very important and it also looks extremely explosive. The upside for oil at this point almost seems unlimited. The bear market for oil ended with that insane capitulation where prices went negative on the front month contract. For many reasons the production of oil has taken a big hit and now that demand is coming back, and coming back strong especially due to money printing. So from here Oil could easily hit 100$/barrel by EOY. Point is that inflation is rising, commodities are rising and will potentially keep on rising mostly due to supply shortages, but also due to excess speculation and money printing. Gold might not be the best bet in this situation, but it is definitely an asset to own as insurance. Maybe the downturn in cryptocurrencies also had to do with people switching back to Gold and other assets. Maybe Gold is a signal that something bad is coming and that thing might be high inflation or even bad deflation that could bring issues to the system. Either way dips are for buying in these assets.
FX_IDC:XAUUSD
by BitcoinMacro
COPPER (XCU/USD) – Week 23 – Bullish sentiment to return.In our previous analysis, we expected Copper to resume the bullish trend. Instead, the price started to fall, reaching the support area. In this context, we expect the price to make another attempt and break the top. We will wait for a trendline breakout and a small pullback to act as a confirmation. 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.
OANDA:XCUUSDLong
by financialflagship
12
Northern Dynasty Minerals - H4Northern Dynasty Minerals Ltd. (TSX:NDM)(NYSE American:NAK) About Northern Dynasty Minerals Ltd. Northern Dynasty is a mineral exploration and development company based in Vancouver, Canada. Northern Dynasty's principal asset, owned through its wholly owned Alaska-based U.S. subsidiary, Pebble Limited Partnership, is a 100% interest in a contiguous block of 2,402 mineral claims in southwest Alaska, including the Pebble deposit, located 200 miles from Anchorage and 125 miles from Bristol Bay. The Pebble Partnership is the proponent of the Pebble Project, an initiative to develop one of the world's most important mineral resources.
TSX:NDMLong
by stratanic
Are we entering a commodity super-cycle?Definition of a commodity super-cycle: Commodity super cycles are decade-long periods in which commodities trade above their long-term price trend. Technical Analysis: Using a weekly candlestick to see the bigger picture. DBC is breaking out of a 10 year long downtrend. On Balance Volume is supportive, as it is also breaking higher, reaching levels from a decade before. We are breaking and testing $18.5, which is a very long-term resistance; now potentially turning into support. This is a long-term setup. R1, R2 and R3 are potential targets to take some profits. Fundamental factors: Weakening dollar Supportive central banks Fiscal stimulus geared for infrastructure spending Pent-up demand once as global economies re-open. Government and private companies increasingly pledging carbon reduction measures. Inflation ticking higher, as the Fed is taking a new approach of waiting, rather than anticipating, as it has done in the past.
AMEX:DBCLong
by dorfmanmaster
🏛COPPER SWING ANALYSIS|LONG🚀 🏛COPPER is trading in an uptrend in a rising channel And as you can see on the chart number 1 The metal broke the pervious all time high with ease on the daily But then retraced back below the level While staying inside the rising channel All of the above paints a mixed picture But until the channel gets broken,I will remain bullish But further growth will depend on the coppers ability to fix itself above the key level If it fails to do so, we will see a bearish breakout eventually And the price will go down to the nearest support LONG🚀 ✅Like and subscribe to never miss a new idea!✅
COMEX:HG1!Long
by ProSignalsFx
3
BEWARE IMPORTANT COPPER PRICE LEVEL - HG1! - COPPER - DAILYThank you for your likes and comments! Really appreciated! This is an idea about Copper price, not a financial advice. ___________________________________________________________________________________________________ The HG1! Copper Futures have been continuously rising... almost a year. We realized that summer is coming and that this market have been beating all the selling power trying to bring it down of slower it> How long is it going to last? The blue lines represent the channel that the price is following. Being at the top of this channel and seeing a possible strong signal of a pullback, the probability of seeing the market profile change has risen. The volume involved where huge but will it again beat it and keep going up further? The next step down is probably at the dotted red horizontal line. Some other "super volumes" interventions happened in that past at that price level. For a day traders, this is probably something to keep an eye on> For a longer term trader, lowering the exposition is probably smart at this price level. Reentering step by step after this level is passed or when the deep happens.
COMEX:HG1!Short
by Diallo_Charts_Ideas
COPPER (XCU/USD) – Week 22 – New top on the cards.In our previous analysis, we expected Copper to test the support level before resuming the bullish trend. Instead, the price started the bullish move without testing the support level. In this context, we expect a pullback to occur around the orange trendline that will act as a trigger for a bullish move that will break the previous high. 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.
OANDA:XCUUSDLong
by financialflagship
15
COPPER (XCU/USD) – Week 21 – Targeting the support.In our previous analysis, we expect Copper to start a bullish move and break the top. Instead, the price has fallen into a deeper correction. In this context, in the coming days, we are expecting a slight price increase towards the resistance area, before making another drop, having a chance to reach the support. 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.
OANDA:XCUUSDShort
by financialflagship
10