Copper looks to be forming a head and shoulders pattern here which should break to the downside and as you know from my past publishes, targets are outlined in yellow. Might want to take a look at commodities, as formations there looking like a break back down, e. g. crude oil looking go likely revisit mid to lower $40s. HELPFUL VIDEOS TO TEACH YOU:...
Copper Finally showing some good movement. I have re-opened my copper position and will also be looking to get into some BUY positions on the AUD side. The reason I say it is confirmed now is that it broke back above the 50 day MA, it's above the 50 RSI and the MACD (looks like) it wants to start heading into positive territory. The only thing to watch is the...
I am neutral on copper for right this second, but I am getting ready to get long on copper in the next few trading sessions. It looks like she wants to break off the 9 day MA and the Aussie Dollar is showing some strength (just went long AUDJPY) and this suggests perhaps copper will be getting ready to make a comeback. Since contracts expired yesterday it does...
If copper doesn't make a new high today (which I don't believe it will), we will likely see a retest of the 2.72-2.74 area (top of the channel). I'm itching to relong from this area.
Copper broke the range it was trapped in on Friday, and I've been long via IVN.TO for roughly a month now. I'll be buying any dips or retests of the previous range. As soon as we touch sub 4.50 for IVN i'll be buying. -Healthy RSI, MACD crossing up on the 1D.
The current structure hints a conclusion of a wave C downtrend to a prior impulse ended @ 2.2770 marking a wave 5. A new impulse substructure has broken the wave iv on C indicative of an uptrend onset. however, if any failure the impulse fails to swing an uptrend wave C ending should serve as a protective stop as well as a new entry point.
Copper (19.05.2015) finally providing some directional momentum after spending more than 3 weeks in range. Now copper is trading around $2.8626 & as we can see on charts , after spending more than 10 trading session , finally copper providing a downside breakout with aggressive volume. The reversal coming in copper is from 61.8% fibonacci retracement level as...
Copper (19.8.14) traded lower as per expectation & reach to the support zone. Now copper is trading around 6913 of lme & as we can see on charts, copper provided a false breakout below the lower tradeline of the ascending channel.However it was able to bounce in over night electrinic trading. The bouncing area was well supported by the 61.8% feb correction of the...