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Hg1

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
COMEX:HG1!
by Pokethebear
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
COMEX:HG1!Short
by Johnkiew
CSX:IVH OTC:IVPAF Ivanhoe MinesSmall-cap: IVH or OTC: IVPAF showing potential entry. Shown here is 2h chart. * Fib retracement on 1D indicates entry at near 1.50-1.54 and currently at 1.57. * CCI coming up to entry zone * Falling wedge coming to Fib resistance zone .768 (1.50-1.54) * Relative Strength nearing breakout, or if falls below 1.48 review position * Copper prices were strong in 2017 and weakened in 2018. investingnews.com * Nickel is byproduct of copper mining and likely behind deal with CITIC. investingnews.com investingnews.com * Zinc also potential driving this one back up. * IVH chart from Investing News Network investingnews.com * Active projects in CAN and South Africa Hit copy, make mine and change to 1D and 1W and add Fib retracement. This is mining small-cap/micro-cap stock, so risk beware and make own conclusions.
OTC:IVPAF
by Pokethebear
Expect Copper to Reach for New Highs!!!As previously discussed in other post I expected Copper to correct quite a bit. I was expecting the 2.44-2.60 area because of many confluences. However, we have completed an ending diagonal pattern that pushed to 2.86. Now we have come down to my expected support area based on fractals and fib levels, which we are now holding. Also, if you look at the USDOLLAR we have hit a significant topping point. Also, this can be seen as we have lots of sideways action in AUDUSD at the $0.73 mark. Also, expect to Gold to follow suite with new highs in the medium term. This is a great time to get long based on probabilities and risk/reward.
FX:COPPERLong
by adriel.arrasmith
So far Long. But bearish reversal if 2.6938 crossed.Copper is on important crossroads. It has so far rebounded on the 1st 1W support at 2.69388. This is a medium term bullish signal towards 2.85479 as 1D is already easing the previous oversold MACD = -0.081, Highs/Lows = -0.0468, B/BP = -0.1300. 4H is already on neutral STOCH, ADX, Williams, Highs/Lows, steady enough to sustain this bullish counter-leg. The current trade is long, TP = 2.85479 but if 2.69388 breaks, then we'll take a short towards the 2nd 1W support (2.45945) with TP = 2.45945.
OANDA:XCUUSDLong
by InvestingScope
Copper. Multi-year correction is over. Target 1.94Copper was doing good during last two years as it rallied from sub-2 to above-3 levels. But the structure is corrective so the wave C finished the correction being equal to wave A by size. Then we saw a breakdown below the white support this March. After that there was a healthy pullback, which was rather menacing as it almost broke the earlier top but failed just one cent ahead keeping the whole structure intact. So the support at the 2.94 level is crucial as it already rejected the drop once before. Watch it to be broken before further meltdown could occur in the copper market. The minimum target is at the previous major low at the 1.94. What is sad about it - copper means economy, weak copper means weak economy...again?
FX:COPPERShort
by aibek
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