Get started

Copperlong

HG - COPPER FUTURES - BULLISH - LONGWill be looking at long positions for instrument for the following reason. • It is approaching a point of Major support in the ranging pattern looking back 3 months. • This is a long-term long swing for me looking forward at least 2-3 months, but it might happen sooner with the recent volatility in the market. • Looking to catch a long trade of the rejection from the support zone. o I would need to zoom in to get a better entry point, once price rejects from the support zone. • Also, I have been studying the Elliott wave patterns, and the 5th wave is usually the point of a major trend reversal. • Also, there is the formation of the falling wedge pattern which adds to the confirmation of a bullish reversal. Of course this is purely a technical approach. **This is just my trading thought process and does not constitute as financial advice. **Please trade with proper risk management**
COMEX:HG1!Long
by MOGBEBOR
Buying Copper at 50% retracement.XCUUSD - Intraday - We look to Buy at 4.074 (stop at 4.034) The 50% Fibonacci retracement is located at 4.087 from 4.237 to 3.937. Prices have reacted from 3.936. Daily signals are mildly bullish. Short term momentum is bullish. A lower correction is expected. Our profit targets will be 4.174 and 4.194 Resistance: 4.130 / 4.150 / 4.175 Support: 4.100 / 4.070 / 4.050 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
COMEX:HG1!Long
by VantageMarkets
Copper dips continue to attract buyers.XCUUSD - Intraday - We look to Buy at 4.024 (stop at 3.984) Selling posted in Asia. The bullish engulfing candle on the daily chart is positive for sentiment. Short term momentum is bearish. A lower correction is expected. We expect prices to stall close to our bespoke level (4.020). Our profit targets will be 4.124 and 4.144 Resistance: 4.080 / 4.100 / 4.133 Support: 4.060 / 4.040 / 4.020 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
COMEX:HG1!Long
by VantageMarkets
Copper showing mixed signals with Bullish bias to $4.80Cup and Handle formed on Copper Price >200 Bullish 21>7 Bearish RSI <50 Target $4.80 Mixed - Bullish bias Resources definitely showing upside to come in the medium term, but right now there is a but of a breather which is causing a bit of selling pressure. We need to weather through this sideways range before the market chooses a direction. My bias is up but there needs to be the next catalyst. Also the US Dollar is showing short term strength which is also not great for resources as resources is priced in US dollars. and so when US strengthens the price for resources become less profitable for imports to countries.
COMEX:HG1!Long
by Timonrosso
Copper bulls to return around $4.00?Price action on copper has caught our eye, as its pullback from the YTD highs has paused above the November highs despite a surging US dollar. RSI (2) is overbought on the daily chart, and yesterday’s Doji held above the 20-day EMA. It's also holding above $4.00, whilst money managers and large speculators have continued to increase their net-long exposure to copper futures despite the pullback on prices. - From here, the bias is bullish above 3.95 and for prices to have another crack at the YTD high - Another approach is to scale into such a position with a wider stop, with a view to increase exposure if or when momentum turns higher sufficiently enough to call a swing low.
COMEX:HG1!Long
by CityIndex
Copper analysis and ideas: Will bears come back?Copper prices may remain under pressure in the coming months due to investors' apprehension about China's growth prospects in the wake of the 20th National Congress of the Chinese Communist Party, which disappointed the market. Since September, copper prices have fluctuated within a relatively narrow range (3.2-3.6) after the earlier sharp declines occurred this year. The long-term case for copper remains strong, as it is a key metal for the energy transition and global inventories are currently very low. However, one of the main challenges it faces in the near future is its dependence on China’s economic growth. The brown metal will remain under pressure unless China announces new growth-friendly economic policies to counteract the predicted slowdown in the country’s economy. However, the latest China Party Congress appears to prefer fostering sustainable growth and giving more importance to inequality, national security, and ideological matters. Copper bull markets have historically coincided with periods of extraordinary global growth, driven primarily by China. We have now reached a crossroads in that regard, and if China is unable to maintain high and consistent economic growth, copper will have to wait for a new global wave of coordinated investments toward the development of renewables and green energy. However, given the issues with inflation and rising interest rates that we are currently facing, it may still be years before the transition fully takes hold on a global scale. This could take the price of copper subdued for longer. When we look at the daily chart, we can see that some bearish pressure was forming near the 78.6% Fibonacci retracement level of the 2022 range. Also the 50-day moving average has been a quite strong dynamic resistance later. The technical picture remains overall on the bearish foot, and copper needs to clear the 2022 trendline at around $3.75 and then cross the psychological $4.00 mark before materially inverting the downtrend.
CAPITALCOM:COPPER
by Capitalcom
Copper to $10+ by 2024. Easy. ~$4.50 today is fundamentally not the same as ~$4.50 in 2011 - the last time copper traded at these prices. QE was fresh off the block in 2011. today, it is standard operating procedure and although the fed talks a good game with tapering, we have yet to see any balance sheet reduction. Looking at this monthly chart, I noticed an interesting double bottom that hits its' target before entering price discovery between 1999-2006. the pattern is not perfect but it looks really similar to copper 2016-2022. Double bottom, target reached around $4.30, and now we're off to the races - price discovery. I think copper to $10 in under 2 years is a very safe bet. It doesn't threaten fiat as much as gold/silver and is manipulated less as a result. It is critical in many industries and the push for everything to go IoT will continue the increasing pressure on copper as well. Let's see how this one ages.
COMEX:HG1!Long
by chickenboye
Joe Gun2Head Trade - Copper at a key levelTrade Idea: Buying Copper Reasoning: Copper oversold and trading at a key 50% Fibonacci retracement level Entry Level: 3.5079 Take Profit Level: 3.6428 Stop Loss: 3.4763 Risk/Reward: 4.04:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
OANDA:XCUUSDLong
by Signal_Centre