Copper Futures (HG1!) MonthlyDates in the future with the greatest probability for a rice high or price low
Copper Futures HG1!
Copper (XCUUSD) Trading Plan & Potential Drop
hey guys,
pay attention to copper today!
currently, the price has reached a key structure resistance level and we have a potential opportunity for short!
pay attention to a horizontal decision range on 1H and sell in case of a bearish breakout of it (1H candle close below 2.172!
stop will be above the higher high within the channel!
target levels: 2.11 / 2.04
in case of a bullish continuation and candle close above 2.24 setups will be invalid!
please, support the idea with like and comment! thank you!
Rates Bottoming Out?Copper vs. Gold Ratio is displaying a very well defined momentum divergence - have we seen rates reach a low?
Copper - A true economic barometer breaking down.When a clear barometer for the health of the global economy is in trouble, don't see any logic for equity market to soar high.
Can look for short trade below 2.45 for positional target of 2.0 and may be 1.44 for potential LT bottom.
wedge of doomBig wedge on copper chart. make or break time. imagine all the big charts have same ominous outlook.. Good Luck!
Copper (XCUUSD) Bearish Forecast
key level breakout on copper
now we see the retest of the broken level on 4H and clear rejection on 382 fib. retracement!
I believe that the current low will be retested soon - 2.458
and then we may see a bearish continuation to the downside - 2.41
good luck!
leftey's guide to 2020here i have planned out the 3 bump plan. you pick the ending. fun right?
leave a comment if have something to add!
Copper Futures (HG1!) WeeklyDates in the future with the highest probability for price direction reversals
COPPER Buy SignalPattern: Channel Up on 1D.
Signal: Bullish if the price breaks the 1D MA200 or if it tests 2.500 again.
Target: 2.800 (right below the Resistance Zone).
Recent successful signal on Copper:
Copper VS Baltic Dry IndexAlthough I have not located the specific index, I have compared copper with the main components of the index and in fact there is a clear relationship between the two intrument, it is closely related to the flow rate between shipments and the cooper is very simple.
Usd nok inverse weekly & Copper Copper short & Crude Oil short by Usd nok Inverse weekly fractal study . error in chart : no cg1! but hg1!
Copper Gold ratio - Yield Us Treasury 2 Years It's great discovery , the ratio copper gold anticipates Yield Us treasury 10 years and then , the difference of Yield 10y and Yield 2y anticipates bear market .....
𝗖𝗼𝗽𝗽𝗲𝗿 𝗨𝗽𝗱𝗮𝘁𝗲: $HG_F Daily. DCB into 13dma rejectionSimilar to $TNX. Looks like it wants to go lower meaning coronavirus still impacting China
Copper (HG): Strong long term Buy Signal.Copper is on a three day bullish streak since the February 3rd rebound near the 2.4800 Support. The 4H chart has already turned bullish (RSI = 54.648, ADX = 36.919, ADX = 36.919) but 1D is still bearish (RSI = 34.595, MACD = -0.070, ADX = 52.434, Highs/Lows = -0.0336) so the risk remains.
That risk is concentrated on the 1D MA200. As you see the MA200 on the 1D chart has acted as Resistance on previous occasions especially on the first rebound attempt after the last -13% fall in May 2019. If the price is rejected again (especially if a Double Top is made), then we expect a new rejection. On a different occasion (MA200 break out) we expect a new rally towards at least the 2.8800 Symmetrical Resistance (which is our Target).
There are numerous reasons that give more probabilities for a bullish break-out:
* The 1D RSI has bounced on a monthly Support level, which was last hit in July 2018. What followed last time the RSI hit 19.500 on 1D was a strong rally towards the 2.8800 Symmetrical Resistance, which is our Target.
* The current rebound is practically a Double Bottom as it was made near the 2.4800 Low of September 3rd, 2019.
* Last time Copper made a Double Bottom was on January 3rd 2019. The result was a bullish rally even higher than the 2.8800 Symmetrical Resistance.
Previous successful Buy Signal on Copper made last August:
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Comments and likes are greatly appreciated.
Copper may correct higher towards 2.60Copper may correct higher towards 2.60. Either the wave 4 or a larger rebound in wave B may be expected.
FCX updateNYSE:FCX
Revision to previous chart/idea. After earnings, fcx took a dump, thanks to corona virus news, copper prices dropping, and overall index weakness. Not really sure how the market will react to fed day on wed. Assuming its not too bad, i think the bullish pattern continues. FCX is on sale and could be a good long term entry. With production in Indonesia ramping up and a return to bullish copper prices we could easily hit $60 a share in a couple years.
On the other hand, if the fed disappoints and virus business continues to spook the market we might be headed to single digits (something that I have been waiting and watching for) before heading back to ATH's.
Something tells me we keep the boat afloat a while longer. Playing it day by day.
I apologize for the "busy" chart. I am still learning to chart and finding what works for me and what to pay attention to. I have another chart on investing.com that is a bit cleaner if you care to see it.
What are your thoughts?
100 day X 200 day - Doc caught something nasty..copper caught the virus.. maybe the 100 day 200 day crossover will help to get off the floor? Has good history of inspiring strength. Just what the doctor ordered?
FCX
Peso Chilean / Usd Dollar & Copper Chile is the largest copper producer in the world, the quantity it produces is double that of Canada, triple that of Russia and quadruple the United States, there is a relationship between its currency and the performance of copper , have a very strong weekly trend correlation
