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Coppershort

Heading into 38.2% Fibonacci resistance?COPPER is rising towards the resistance level which is a pullback resistance that aligns with the 38.2% Fibonacci retracement and could reverse from this level to our take profit. Entry: 4.3037 Why we like it: There is a pullback resistance level that aligns with the 38.2% Fibonacci retracement. Stop loss: 4.3876 Why we like it There is an overlap resistance level that is slightly above the 61.8% Fibonacci retracement. Take profit: 4.2133 Why we like it: There is a pullback support level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
VANTAGE:COPPERShort
by VantageMarkets
1
#COPPER 4HThe copper market on the 4-hour chart is showing signs of a bearish trend, with a notable support level breakdown. This indicates weakening buying pressure, leading to a potential sell opportunity. Key Insights: 1. Support Breakdown: The price has recently breached a critical support level, suggesting a shift in market sentiment from bullish to bearish. 2. Pattern Formation: Prior to the breakdown, a bearish pattern (such as a descending triangle or head and shoulders) was forming, hinting at a reversal or continuation of a downtrend. 3.Volume Confirmation: Increased selling volume at the time of the breakdown reinforces the potential for further downside movement. 4.Target Zones: - Immediate downside targets lie at previous lows or Fibonacci retracement levels. - If the selling momentum continues, a deeper decline could be anticipated, potentially testing major support zones. 5.Stop-Loss Considerations: A protective stop-loss above the broken support or the latest swing high is advised to manage risk in case of a reversal. Trading Strategy: Entry: Enter sell positions after confirmation of the support breakdown on the 4H chart. Take Profit: Set take-profit levels at key support levels below the breakdown point. Stop Loss: Place a stop loss slightly above the previous support (now turned resistance) or the latest swing high. This technical analysis suggests that if the current conditions hold, selling #COPPER on the 4-hour timeframe could be a strong move for short-term traders.
VANTAGE:COPPERShort
by PIPSFIGHTER
Bearish reversal?COPPER is rising towards the resistance level which is a pullback resistance that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit. Entry: 4.3188 Why we like it: There is a pullback resistance level which aligns with the 61.8% Fibonacci retracememnt. Stop loss: 4.46047 Why we like it: There is an overlap resistance level that aligns with the 78.6% Fibonacci retracement. Take profit: 4.1250 Why we like it: There is a pullback support level. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
VANTAGE:COPPERShort
by VantageMarkets
HG | Copper Futures | Short - SELLWaiting for rejection off the liquidity zone. Selling only after the break below the HMA and the retest of the liquidity zone. The break below the HMA has already happened. In the area of the retest of the liquidity zone at the moment. Looking to sell from that zone. Trading this off a higher timeframe as this is a 3 week swing at the least **This is just my trading thought process and does not constitute as financial advice. **Please trade with proper risk management*
COMEX:HG1!Short
by MOGBEBOR
1
Copper - (continued) SHORT; for now ...I fail to grasp the general consensus where the overall impression seems to be that "bad technicals" but "a very pretty fundamental picture"? LME stocks jumped +45% just since January alone! - How is that a "good" fundamental picture? (I must be missing something, especially with China not coming back, in any way resembling past demand.) Long(er) term, one could make a case, perhaps, but only by disregarding the hole that the decline of Chinese demand will poke into global fundamentals. On the other hand, Copper/Gold ratio looks rather bullish. Here is a close-up; As for the Copper/Gold Ratio; That is definitely what bullish looks like! Stay SHORT for now (... and then make a lot of money trading it from under 3.50 ;-)
COMEX:HG1!Short
by Nemo_Confidat
2
XCUUSD - Copper Demands On The Decline?Analysis: Looking at the technicals on Copper we can see a clear downwards trend. Price is forming lower lows and lower highs which confirms that we are in a downwards trend. Price has also been respecting a downwards trendline which again shows us that we are in a downwards trend. We're currently sat at an area that we're interested in as price has held this area multiple times in the past so we expect that it will again. To give us more confidence with this setup, at our area we also have the 50% fib retracement level which we suspect bears will be wanting to hold and push price to the downside which favours our idea. We've also got the downwards trendline close by which if price reaches we'd expect to hold and to further help push price to the downside as bears will be waiting at this area. Fundamentally the USD is gaining a lot of strength in recent times and it continues to, until we see this change we are bullish on the USD, so this goes with our idea. Copper demands have decreased recently meaning that Copper prices will decrease. Comparing the decreasing demand for Copper against the strengthening USD it's clear to see that we want to be shorting this pair which is why we have a short bias. Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read. We appreciate it all. Stay Safe - JPI Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does to. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
OANDA:XCUUSDShort
by jpeacockfx
4
Will Copper find sellers at previous support?XCUUSD - 24he expiry - We look to Sell at 3.828 (stop at 3.868) Our bespoke support of 3.820 has been clearly broken. Our short term bias remains negative. Previous support, now becomes resistance at 3.820. Preferred trade is to sell into rallies. We look for a temporary move higher. A lower correction is expected. Our profit targets will be 3.728 and 3.708 Resistance: 3.744 / 3.770 / 3.820 Support: 3.700 / 3.671 / 3.640 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!Short
by VantageMarkets