SHORT IT TO THE GROUND!Self explanatory.
0 strong fundamentals driving the market.
Trend = 0 trend.
Go with the basic TA.
Easy.
Hg1
Copper: Sell opportunity on 1D.Copper has been trading sideways on 1W (RSI = 50.950) since late July within a strong 2.5425 - 2.8715 consolidation zone. The price was rejected last Friday on the 2.8390 - 2.8715 Sell Zone and since 1D turned already to neutral CCi = 33.6567, Highs/Lows = 0.00000, a strong sell opportunity is presented. We are taking this short signal with TP = 2.6665.
** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. **
Comments and likes are greatly appreciated.
AUD following CopperThe Australian dollar is a known proxy for copper, so the recent rally may be a leader for a rally in the currency.
Copper Futures (HG1!) Summary for End Week 4 - 2019So copper seems to have bottomed twice around the 2.60 area and is trying again to push higher following its rapid demise mid 2018.
Technically we can see the chikou san is still below price 'N' periods back and the tenkan san is yet to cross the kijun san to signify the possible start of an uptrend. However it's going to have to push through well set resistance at around 2.74 before hitting further potential resistance at the bearish kumo above.
Fundamentally the elephant in the room is of course China and much depends on the on-going trade spat with Trump and the apparent slow down in growth. We still need to keep an eye on the strength of the US$ which seems to be treading water right now. All that said, potential supply constraints are likely to help support price and if two or more of the above conclude favourably, we may well be able to retest the 2018 highs of 3.30 and above.
[Do your own research - above not investment advice and for my own analysis, though constructive comments always welcome)
WAIT FOR NOW
XCUUSD Copper: Bearish Trendline is brokenXCUUSD Copper ( Spot FX Rate ) is trading at 2.6570 as of writing.
We see a bullish bias in the industrial metals sector, triggered by the US/China trade talks.
On the smaller charts, Copper broke the bearish trend line. Metal is printing a cup and handle pattern.
Copper: Buy opportunity on a 1W Rectangle.Copper has been trading within a long term 1W Rectangle (STOCH = 49.048, Ultimate Oscillator = 49.708) with 2.52850 - 2.53850 as the Support zone and 2.83470 - 2.84595 the Resistance. A repetitive pattern that stands out is a sharp rise that is followed every time after a 1D Lower High sequence breaks to the upside. We are currently close to such an event so we are on a medium term long with TP = 2.78300.
** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. **
Comments and likes are greatly appreciated.
Copper: Set to breakout after trade truce & inverted H&SCopper has filled Monday's gap and may be set to break higher again in line with LT inverse H&S bottom
Metals Group Outlook - CopperThe Copper daily chart corresponds to the article "Metals Group Outlook".
King River Copper - ready to go up as Cu/V2O5 ready to go upKing River Copper: KRC HG1!
Copper is showing key crossing of 20/50/100 day MAv and this Australian miner also produces Vanadium Pentoxide used for High Strength Steel, Aerospace engines, and rebar for concrete reinforcement. Currently below 786 Fibonacci Retracement and low bid entry 0.05 area.
What Can Doctor Copper Tell Us?With a PhD in Economics, what can Doctor Copper tell us is going to happen next in the economy? Since 2004, the price of copper has exploded above $1.5 a pound, seemingly corresponding with the timing of tremendous growth in the Chinese economy. Now that their economy is slowing down, what can we expect?
Doctor Copper says to expect lower economic activity over the next couple of years…
HG1!Southern Copper Corporation is an integrated copper producer. It produces copper and, in the production process, obtains several by-products, including molybdenum, silver, zinc, sulfuric acid and other metals. Its segments include the Peruvian operations, the Mexican open-pit operations and the Mexican underground mining operations segment identified as the IMMSA unit. The Peruvian operations segment includes the Toquepala and Cuajone mine complexes, and the smelting and refining plants, including a metals plant industrial railroad and port facilities that service both mines. The Mexican open-pit operations segment includes the La Caridad and Buenavista mine complexes, and the smelting and refining plants, including a metals plant and a copper rod plant, and support facilities that service both mines. As of December 31, 2016, the Mexican underground mining operations segment included five underground mines that produce zinc, copper, silver and gold, a coal mine and a zinc refinery.
SCCO
HG
AMEX:COPX
Copper: 1D Channel Down. Short.Copper (XCUUSD) is trading within a 1D Channel Down (Highs/Lows = -0.0144, B/BP = -0.0590) after having made a Double Top at 2.8400 (late Sep, early Oct). If the previous 2.6887 Lower Low and 1D support is crossed then HG1! should make a new 2.6600 Lower Low and attempt a break out. Otherwise the Channel Down will make a new Lower High near 2.7800 before it attempts to break the 2.6887 Support again. In any case the long term trend as suggested by 1W remains bearish (RSI = 43.931) so shorting every Lower High is the most optimal approach. Our TP is 2.6600 and 2.6000 in extension.
HG1! Is Copper ready to make a move?HG HG1!
Copper has been bottoming for quite some time. Economic trends are plumbing/housing, electronics, and EV vehicles, so let's step back and review.
* Oversupply for quite some time.
* Copper prices are historically peak in December.
* Housing/construction build rates for SF/MF/5+units is steady Yr/Yr for 5-yr and slight growth if any.
* Electronics is in steep decline from overstock parts and US-China trade war
* Electric vehicles are the new growth at 150+ lb. / vehicle for motor windings for copper, trend to continue as EV Class 8 heavy trucks will use 300+ lb. / truck (TESLA/NAV)
* Current chart showing upward movement from 618fibretracement to 500fibretracement as positive.
Maybe a micro trend without larger scope of current global economy, but something to watch for safe haven opportunities. VIX
The yuan hit a fresh 21-month low against the U.S. dollar Thursday, and the Shanghai Composite Index has lost about a quarter of its value so far in 2018.
ASX:KRC NSE:HINDCOPPER ASX:NZC OTC:CPPMF AMEX:COPX NYSE:SCCO ASX:CCZ TSX:NCU FWB:COQ OTC:HDRSF CCJ
Gold play - Harmony GoldGold play on Fibretracement. Expecting drop to lower level based on high CCI. Alert for $1.50 range.
Note here for self. Comment if you like.
Short Copper 10012018- Structure break down
- 2618 pattern
- Trending Dollar
:) Good Luck!
TP1 2.7685
TP2 2.7405
SL 2.8140
Trading inside a Rectangle. Short.Copper is trading sideways for more than a month now within a 2.5400 - 2.7350 Rectangle on 1D (RSI = 56.012, MACD = 0.000) and the High Volatility (ATR = 0.0544) ensures the preservation of this neutral action. As seen the price has just been rejected on the Resistance, so we are now short aiming at 2.565.
Copper: Trade war fatigue and 2-week high is bullishThe news has been bad around China and the trade war- but perhaps some relief is due as fatigue sets in
Copper has broken out of a triangle base
Scenario A) Broken trend line provides support on a pullback for bigger move to 2.86
Scenario B) Old highs at 2.75 hold and price drops back into its range
Dr Copper - Long Term Trend remain bearishDoctor Copper, The leading indicator of economic cycle remain bearish see, declining copper prices may indicate sluggish demand and an imminent economic slowdown (Investopedia)
In the chart, weekly chart seen copper price form double top in 50% retracement level. As the elliotician know, price failed to break 61.8% and reverse suggesting the next trend will follow the previous impulsive direction (Down).
The next target at 2.293 (refer to right chart)
www.investopedia.com
HBM - Mining stock with good entry to short or longHudson Bay Minerals is 50% off January high and mining not favorite for many but it's
in small-cap under $10 stocks that can give good double digits this year.
Turning up off baseline entry as copper futures are also turning around.
IVPAF - Ivanhoe MinesSmall cap Mining Stock to own when VIX jumps 5% like yesterday. Entry 1.79
Development and recovery of precious and EV specialty metals: Nickel, Copper, Gold, Palladium, Zinc, Germanium, and Rhodium.
