Copper & Oil : Are commodities about to surge? Copper is showing great pattern consolidation.
it appears to be putting in a daily bull flag pattern that looks poised to breakout.
If copper follows some of the other recent price action in the commodity space it makes it even more likely to surge.,
You're seeing #gold #uranium #oil and other all performing well.
Will this dampen and slow down the dis inflation expectations? Perhaps.
I am long SCCO with members and have already secured some profits today with members.
I do think there is more strength to come in copper.
FCX
MEGA TRADE: Copper Short SqueezeCopper has had a monster run to the upside.
Its clearly going to affect aspects in the economy by applying upward pressure on inflation and downward pressure on home builders and construction.
Copper surging shows resilience in the global economy but simultaneously high copper prices could cure this rushing demand.
Copper technicals are screaming a pullback, a short setup is looming.
Copper Equities Breaking Down, Is tthe economy?Copper is very close to losing criyical support.
If this daily chart trendline breaks, there is a big move down into the next support.
Copper Equity stocks are already teing us aa likely breakdown in the commodity is coming.
Is this base metal signaling weaker economic demand & growth?
UPDATE: Buy when theres blood on the streets, Copper pt >$3.30Hi 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!