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Copper

COPPER (XCU/USD) – Week 17 – New top expected.Last week, the Copper price increased and broke the resistance, despite our analysis in which we anticipated the price will drop from that level. In the coming days, we anticipate that we will break the top and then go in a “stop hunt” phase that can push the price down towards the support area. 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
14
FCX on commodities/copper risingFCX is currently sitting above a support area so we wouldn't call this the absolutely best trade. That said, maybe a 2% max trade risk on it hitting the Stop-loss while keeping in mind that other ideas are available and better. However, if it does make a strong move off support, moving the TP higher and SL to breakeven will turn an ok trade into a great Reward/Risk trade. This is also a good re-entry or a place to add to a buy and hold position for those of you that jumped on during the previous published idea.
NYSE:FCXLong
by Flightschool
2
Descending Channel for QC Copper & Gold?It appears as though QCCU is trading in a descending channel, if the bottom support is lost then be very cautious. On the KST there's been a bearish cross where I have placed the red downward pointing finger. The DMI is showing a bearish cross where the red line has crossed over the blue in an upward motion, I have placed red finger icons as some other similar previous examples. Keep an eye on the DMI because it's possible the blue line crosses over the red and orange in an upward motion this week if there's going to be a bullish reaction off of the bottom of the descending channel pattern. The dark red line on the chart represents the baseline of potentially a descending triangle or bullish flag formation, when viewing from a longer-term time perspective than a 6-month chart it becomes more apparent. This chart is done on a log scale, I will link another chart done differently. If this was a descending triangle or potentially a bullish flag the baseline of support has been lost.
Q
by ScotianBot
COPPER Buy SignalPattern: Fibonacci Channel on 1D. Signal: Buy as the price rebounded on the 1D MA50. Target: The 1.5 Fibonacci extension level (low-risk) or the 2.0 Fibonacci level (high-risk). Previous COPPER signal: ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> kylevd23 --------------------------------------------------------------------------------------------------------
COMEX:HG1!Long
by TradingShot
2
DEX Ascending Triangle.Duke Exploartion Limited (ASX:DEX) is an exploration company focusing on Copper, Gold and Silver discoveries in Queensland and New South Wales AUS. Duke's 100% owned flagship project is the Bundarra tenement EPM 26499. A fully funded exploration work program aims to drill out a maiden resource by mid-2021 at the Mt Flora prospect within the larger Bundarra tenement. There are 2 TA scenarios currently IMO Bullish: - Ascending Triangle forming against daily Resistance. - MACD Bullish cross anticipated - RSI above 50.00 and broken short term downtrend - Fundamental news due within 2 months - Broken 20 MA Bullish - Targets for Ascending Triangle completion are levels of Former Resistance which also are very close to Trend Based Fib Extension Levels. Bearish: If we fail the Ascending Triangle price will retest Uptrend and Break, then we should see MACD Bearish aswell as RSI below the 50.00 trending Bearish. Most likely we will see a retest of Former Support @.30 "DISCLAIMER: NO ADVICE. The information presented here is general in nature and is for education purposes only. Nothing should be considered to be advice. You should consult with an appropriate professional for specific advice tailored to your situation."
DLong
by Trader_Johnni
COPPER (XCU/USD) – Week 15 – Expecting the price to drop.Last week, Copper continued to lack volatility and moved sideways the whole week. In the coming days, we expect the price to start falling and finish this complex correction, reaching the liquidity pool area that we highlighted on the chart. 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
22
The case for CopperI don't normally invest in metals, but I am making an exception for copper. The price of copper cannot go down in the near future for two main reasons: 1. Supply and demand 2. Inflation/Economic Strain The supply and demand side looks like this: There are three principle users of copper currently, they are: Electric component/part manufacturers (think copper wire) Plumbing component manufacturers (copper pipes and fittings) Industrial alloy manufacturers The economic strain caused by inflation and poor monetary policy cannot be overlooked. At the same time that Copper is becoming harder to find in abundance cheaply, the underlying economies which support these mining efforts is undergoing what I see as a fundamental shift. To expand on this, consider the raw indicators of inflation (not the falsified Government provided ones). A quick review of the World Bank's "Pink Sheet" list of commodity prices *globally* reflects this issue. I recommend a starter position on Copper to the up-side. Copper is a very slow moving instrument, so you will likely find better returns elsewhere, but this is one metal which has historically been needed and with the push for electric vehicles, and new power generation technologies, demand alone will cause the price of copper to appreciate over the years to come. Pinksheet list (remove spaces): https: //www.world bank.org/en/ research/commodity- markets
COMEX_MINI:QC1!Long
by BenjiFutures