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CPER

COPPER Commodity or Junior Miner trade LONGCopper prices rise when the economy is thought to be growing and needing more electrical infrastructure while they fall when bearish indicators might project a recession. I am at the aluminum and finished steel subsectors as well. FCX is under consideration but as a large cap it does not have the volatility of the junior miners. In the meanwhile COPJ, CPER and COPX look like they are worth considering given the trend up since mid-February. The chosen strength and trend indicators confirm the trend. This is a long trade and sector rotation play for those to consider that are tired of tech stocks and earnings plays.
NASDAQ:COPJLong
by AwesomeAvani
COPPER Commodity Trade LONGCopper prices rise when the economy is thought to be growing and needing more electrical infrastructure while they fall when bearish indicators might project a recession. With that in in on the 15-minute chart I missed a trade in the junior copper miner ETF this week. I have now placed COPJ on my watch list and will not miss it again when it falls to support and retraces. I am looking at the aluminum and finished steel subsectors as well. FCX is under a consideration but as a large cap it does not have the volatility of the junior miners.
COMEX_MINI:QC1!
by AwesomeAvani
1
Copper ~ Help Me Obi-China, You're My Only Hope (2H)CAPITALCOM:COPPER chart mapping/analysis. Copper - off its October lows, yet still contending with global macro headwinds & China's difficulty in shaking off its deflationary economic funk.. Trading scenarios into EOY: Prelim trading range = ~3.93 - ~3.73. Under bearish pressure from 38.2% Fib rejections. Bullish reaction to China/macro economic news = bounce off lower range of parallel channel (green) + 200SMA confluence support / break above 38.2% Fib / break above ~3.93 upper trading range. Bullish extension target(s) = 50% Fib / upper range of parallel channel (green) confluence zone. Bearish reaction to China/macro economic news = break below ~3.73 lower trading range / lower range of parallel channel (green) / break underneath 200SMA, becoming dynamic resistance. Bearish extension target(s) = 23.6% Fib / lower range of descending parallel channel (light blue).
CAPITALCOM:COPPER
by BlueHatInvestor
CPER see brrrrLooking at the weekly chart with 200MA for CPER. I'm a fan of owning physical metals but CPER is a nice way for people to dabble in copper without actually getting bullion. The 200MA is now coinciding with the lower boll band. On a weekly chart I'd expect this to serve as rock solid support. I've mapped out the trajectory of the 200MA if it continues to uptrend like it has, and its represented as the bottom line of the white parallel channel. Price action around the green rectangle should present a great entrance opportunity, with a target to exit at the top of the parallel channel. Fundamentally I'm quite bullish on copper. It drives the green energy revolution and inventories are tapped out worldwide. Disputes between miners and governments are taking place and those never end quickly. Good luck out there, NFA.
AMEX:CPER
by ChartswithChip
CPER: United States Copper ETFBecause of copper's widespread applications in most sectors of the economy — from homes and factories to electronics and power generation and transmission — demand for copper is often viewed as a reliable leading indicator of economic health. CPER ETF seeks the daily changes in percentage terms of its shares’ per share net asset value (“NAV”) to reflect the daily changes in percentage terms of the SummerHaven Copper Index Total ReturnSM (the “SCI”), less CPER’s expenses. M timeframe BEAR W timeframe BULL FIB retracement 61.8 acts as support BULL INVESTORS too negative about global growth BEAR GROWTH continues with but with slower rate BULL RSI W oversold with divergence BULL MACD divergence with bears loosing momentum BULL DXY index too appreciated expecting dollar weakness which would be good for commodities BULL RRR favorable BULL EXANTE is a broker for professionals. Direct access to over 50 financial markets through one account. Stocks & ETFs, Currencies, Metals, Futures , Options, Funds, Bonds, Crypto¬currencies. Any information contained on this website is provided to you for informational purposes only and should not be regarded as an offer or solicitation of an offer to buy or sell any investments or related services that may be referenced here. Investing in certain instruments, including stocks, options, futures , foreign currencies, and bonds involve a high level of risk. Single trading account Trade in 50+ markets in the US, Europe and Asia — from your all-in-one multicurrency account on any device www.exante.eu
AMEX:CPERLong
by EXANTE-TOG