COPPER Buy SignalPattern: Channel Up on 1D.
Signal: Bullish as long as the 2.6000 level holds (Higher Low lim).
Target: 2.8000 (1W Resistance).
Xcuusd (Copper)
XCU USD SELL (COPPER - US DOLLAR)Hi there. Price is forming a continuation pattern to the downside. Wait for the price to complete the pattern and watch strong price action for sell.
Copper: Short opportunity within an Ascending Triangle.Copper (XCUUSD) is trading within a 1D Ascending Triangle (RSI = 56.277, MACD = 0.016, Highs/Lows = 0.0000). Last week it was rejected on the 2.7000 1D Resistance and that should make it test at least the 1D MA50 (blue line). In our opinion since the RSI has been consolidating in the past 2 months, the potential pull back can make a Higher Low on the 1D Ascending Triangle so our Target is lower at 2.57000.
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XCU USD SELL (COPPER - US DOLLAR)Hi there. Price is forming a continuation pattern to the downside. Watch strong price action at the current price for sell.
bull flag 2 - return to resistance Not sure what oct 24 was about. . fcx bounced back. Appears to be a pretty good reversal. Hard saying in current light.. Maybe? 200 day seems right.
fcx putting up a bull flag? Copper making move
ER in rear view
Grasberg pit on track
Things are looking ok here. Just need to hop over that resistance line... : )
What do ya'll think?
COPPER short idea by bluepipshort in levels and following price....
leave me your like and comment's about my analyze on the posts ....
FCX heavy green side by side Like the idea here.. couple big green days, some take advantage and sell off.. buyers step in and pick up slack.. end up with 2 big green candles? We'll see
Should be good here. until next panic hits
XCUUSD Supply & Demand Zone."In the name of Allah, the Most Gracious, the Most Merciful"
XCUUSD Supply & Demand Zone.
Note: This is only for Educational Purpose this is not Investment advice.
Thanks
Adil Khan.
FCX and the looming recession?pure play copper not exactly best idea for global recession positioning.. but, who knows how this thing is going to go down. Copper is so important, it cant be left behind for long? Maybe it can? But accumulation at least shows some promise.. Should be fun next few months! Please let me know your thoughts.. FCX performance lately is scary. Big money know some details the little guys arent privy to just yet?
XCUUSD - plan for next weekMy first one on Copper. Let's see how it will close today and open next week. If there won't be any surprise, I expect it to pullback to red area, where I'll start shorting. If it won't rise from here but just keep falling, close bellow 2.58 will be trigger for shorts also. Targets in green are valid for any of these scenarios.
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
Copper Short Idea R/R 3.8Copper is going to complete the deep correction within WXY structure.
We are in wave c of Y to hit 2.23 area, where Y=W and correction reaches 78.6% Fibonacci retracement level.
Stop 2.71
Entry market
Target 2.25
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
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Is Copper finding support on the 200-month moving average?Is Copper finding support on the 200-month moving average? If you zoom in, you will also find a falling wedge pattern on the daily chart.
COPPER Long term sell signalSame fractal detected that previous led to testing the 0.786 Fibonacci retracement level.
Confirmation comes with the Death Cross occurrence. Long term target 2.2300 (new 0.786 Fib).
"COPPER (XCUUSD): ready to go up" by ThinkingAntsOkDaily Chart Explanation:
- Price is against a Weekly Support Zone.
- Price is under a Descending Trendline.
- Bullish Divergence on MACD.
- If price breaks the Descending Trendline at 2.68, potential to move up towards the Resistance Zone at 2.96 and, then, to the Weekly Resistance Zone at 3.2.
Our Weekly Vision supports this potential long idea. Take a look!
Weekly Vision:
Updates coming soon!
Copper: Buy Opportunity after a successful 1M Support test.Copper has touched the 1M Support (2.5400 - 2.5300) on the first week of August and has been rising since. This indicates that this long term demand level may once again accumulate long term buyers. It is still though on the early stages as 1D remains mostly on neutral grounds (RSI = 46.067, Highs/Lows = 0.0016, MACD = -0.018) so investors still have time to enter. The Resistance levels on 1D are two: 2.74500 provided by the MA200 and 2.8000 - 2.84000 provided by the symmetrical Resistance Zone.
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