Coppershort
stealing copper is about to become much less profitableLooking for this lazy posture to snap, But time can only tell
vente du cuivre imminenteJe vais surement vendre le cuivre dans les heures qui suivent si une opportunité se présente.
à court terme sur la semaine dernière le cuivre a fait un nouveau point plus bas qui indique un retournement de tendance.
Aujourd'hui le prix remonte jusqu'au pivot qui coïncide avec les moyennes mobile 50. ça laisse un bon ratio de bénéfice/risque si l'on va jusqu'à 2.54 ou 2.53 avec un SL à 2.567.
Sur le graphique journalier ci dessous nous avons eu 2 "pinbars" et nous somme dans une tendance plutot baissière. Malgré que nous arrivons à un support je pense que ça peut encore baisser.
Elliott Wave View: Copper Expected to Turn Lower SoonShort Term Elliott Wave structure in Copper suggests the rally to $2.64 ended wave (2). The metal has since resumed lower in wave (3). The internal of the move lower is unfolding as an impulse Elliott Wave structure. Down from 2.64, wave ((i)) ended at $2.578, wave ((ii)) ended at $2.626, wave ((iii)) ended at $2.547, wave ((iv)) ended at $2.575, and wave ((v)) ended at $2.49. This move lower from August 14 high (2.642) to 2.49 completed wave 1 in the higher degree.
Wave 2 bounce is currently in progress to correct the cycle from August 14 high. The internal of the rally is proposed to be unfolding as a double three Elliott Wave structure. Up from $2.49, wave ((w)) ended at $2.549 and wave ((x)) ended at $2.528. Wave ((y)) of 2 is expected to reach the blue box area of 2.587 – 2.623. From this area, Copper should then resume lower or pullback in 3 waves at least. We don’t like buying the metal. Expect the metal to find sellers and extend lower soon or at least pullback in 3 waves as far as pivot at 2.642 high stays intact.
Copper - no bullish scenario short - medium termHi, thanks for viewing.
I am not presently able to trade Copper, but it remains of interest for a few reasons. One is that the majority of silver (56%+) is produced as a byproduct of copper, lead, and zinc mines, so reductions in the price of those industrial metals may point to a slowing of production of silver. I am not sure of the numbers for gold, but at least some of the world's gold is produced as a byproduct (Indonesia's largest gold mine produces gold (as a very valuable) byproduct to copper extraction. Copper, Lead, and Zinc are all in long-term down-trends.
A side note: The mine mentioned above has successfully hedged the copper price at $3/lb (for at least 2 years I believe) so until that ceases being the case there is unlikely to be a drop-off in copper / gold production from that mine). Also, most primary silver producing mines in the US are now producing silver at a loss.
There is no reason - that I can see based on TA to expect a strong bounce. Fundamentally, global demand is slowing, as well as manufacturing output - so fundamental analysis won't be of any comfort either.
Orange boxes just denote small areas of overlapping price action. The blue box is my short close / medium-term buy zone (no upside targets as yet - if price does not go below $1.98).
Copper Buy & SellCopper is currently a sell but not long before buyers come back in. My labelled zones are only a rough idea of where i think the market may touch before turning around. Decide on your own Entry & Exit. If you do decide to enter a sell from this point, then i would put a SL around 10pips about zone A because market can always go back up to A again before coming back down to B.
DISCLAIMER
Please note that this chart is an opinion based chart only. Please trade at your own risk
Copper Sell & BuyI think any pull back in copper is a sell until we reach target D and then buyers can come in and take in up. Could go further than my TP but those are my targets for now.
DISCLAIMER
Please note that this chart is an opinion based chart only. Please trade at your own risk
Copper for SaleShort sell if price stop below 2.95. Price target demand level 2.85 and 2.8. Stop order above 2.97
Copper High Probable Reversal Bearish Signalcopper, price making double top on copper in daily time frame. Non-commercials reduced long positions 6k in copper, long% decreased 2%, while short% increase 2%.
Copper: How far will it fall?I have two ideas in mind, bounce at 2.84 ....or bounce at 2.74 (for the optimist bear (me!))
I hope my thinking is clear from the graph (ignore the memelines from earlier, i usually don't publish).
In conclusion, i see a solid trend brake and no support in sight
Please share your thoughts with me so i can improve :D
I have moved my stop loss for my short to 2.88, and i began at 2.9 if anyone cares.
WARNING: I am not very experienced
CopperCopper Trades using Blue Sky Plus Indicator. Message or Comment to get a free trial of the indicator.https://www.tradingview.com/script/lqS4a5pU-Blue-Sky-Plus-Day-Positional-No-Repaint-with-Alerts/
XCUUSD Potential DownsideXCUUSD has formed a head and shoulders pattern, a break below the neckline will signify more downside.
POSSIBLE HEAD AND SHOULDERS FORMATION IN COPPER CUUCopper 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.
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DISCLAIMER;
Do set stop losses when trading but be generous with how much room you allow for this due to candle wicks and there is also the possibility to hedge yourself, for more confident traders.
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Copper - Correction not overAfter the wave X, which ran from January 2016 to December 2017, copper should now finish the correction phase with a wave (Z). However, this should accompany copper until the first quarter of 2019. As a result, copperproducers are more likely to let off steam on the bottom in the coming months when this scenario arrives.
Situation for Copper Momentum: Bearish
Chart pattern: Triangle
Trade between support/resistance zones - in any direction, better wait for clear weakness to go short.
Short COPPER like NATGASUSD Refer to my NG1 Idea. Check my NATGASUSD Idea to understand my reasons to SHORT Copper. It is the same set up with the exact same entry and S/L. No kidding.
Trade Safe!!
Copper Commodity FuturesAfter wave (A) completes long the abc move up and then shift to a short position to play the wave (C) down.
UPDATE: Prepare to close our position in Copper on the next highHi guys, thank you for the support! I will have this analysis out each weekend as well as daily updates throughout the week, if you guys like what I'm doing hit the "follow" button and you will get a notification each time I post a video or chart!
Have a great day everyone!
UPDATE: HUGE day for Copper, expect consolidationHi guys, thank you for the support! I will have this analysis out each weekend as well as daily updates throughout the week, if you guys like what I'm doing hit the "follow" button and you will get a notification each time I post a video or chart!
Have a great day everyone!
UPDATE: Breakout in Copper confirmed, LONG into $3.40Hi guys, thank you for the support! I will have this analysis out each weekend as well as daily updates throughout the week, if you guys like what I'm doing hit the "follow" button and you will get a notification each time I post a video or chart!
Have a great day everyone!
UPDATE: Copper edging closer to breakout, initial p/t $3.40Hi guys, thank you for the support! I will have this analysis out each weekend as well as daily updates throughout the week, if you guys like what I'm doing hit the "follow" button and you will get a notification each time I post a video or chart!
Have a great day everyone!
WEEKEND REVIEW: Copper ready to explode towards the $3.40 area!Hi guys, thank you for the support! I will have this analysis out each weekend as well as daily updates throughout the week, if you guys like what I'm doing hit the "follow" button and you will get a notification each time I post a video or chart!
Have a great day everyone!
