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Copper Financial Futures

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HGS1! trade ideas

DXY COPPER9.13.21 This is about comparing the DXT to Copper Range of price and volatility. I'm sure this is taught somewhere, but this is something that I had to derive on my own and it took me many years before I had a conscious awareness of behaviors that would become important priorities for my trade decisions. This is not an eloquent presentation, and it may be incomplete, but it's something that I processed into my trade decisions consistently even though it is not perfect. So factoring in warts and all, I would suggest that you spend an hour or so, try to duplicate the patterns, and calculate the numbers for yourself, and then decide if it has any value for you or not. This is because I don't think it's that easy to find information like this, yet you have to decide if it has any meaning for you or not. One of the biggest conundrums of trading is that you hear what wise people tell you you need to do... Such as " trade what you see," when you really don't know what that means. I have chosen volatility and price range into my decision-making. I am not an educator and a teaching scholar. My mission was to trade better for myself, and then help a few friends that could use some help. You have to think about volatility and ranges in my opinion, there really is no choice as I see it. But you have to decide. It's worth an hour or two of your time. I only wish I had only wasted a couple of hours of my time learning what I needed to know.
COMEX:HG1!
by ScottBogatin
2
Copper The pullback in copper ended up being a three wave rise wherein it retraced slightly more than 61.8% retracement in international copper chart of wave Y. This opens up the possibility of one more leg to the down move in the form of wave Z. Overall look Retracement levels in copper international chart MCX chart retracement Weekly macd bearish Daily macd below zero line and down tick Rsi in Weekly down tick Rsi in daily down tick Dmi adx also Negative Below middle bollinger band Disclaimer I am not sebi registered analyst My studies are Educational purpose only Consult with your Financial advisor before trading or investing
MCX:COPPER1!Short
by RK_Chaarts
COPPER-simple setup-trade idea-Analysis: Copper had a strong momentum to the upside since the beginning of the year of 2020. So far we had a strong rising market without any decent retracement. I expect a strong retracement from here, we should go back to the normal levels (around 3$) to continue the rise on a healthy way. The demand for copper is still huge from the automotive industry (copper is a necessary component of electric cars). Here you can see on the chart my expectations to the upcoming weeks. We had a strong trend to the upside which is broken, I also see a noisy downtrend forming, aiming the 3$ level. Please find below our community trade idea below: Trade: SHORT Entry: 4.29$ 1st target: 3.5$ 2nd target:3.17$ (+25%) S/L: 4.530$ (-5.96%)
COMEX:HG1!Short
by tmsarn
Copper prices may turn lower after re-testing former supportCopper prices are retesting support-turned-resistance in the 4.26-4.45 zone, marked by the intersection of a six-month inflection area, the uptrend from the Covid-induced March 2020 low, and a neckline support from early March. Signs of indecision in the daily candlestick structure and negative divergence on short-term momentum studies warn of topping. In all, the setup suggests that a corrective upswing following a major bearish breakout has run its course, with the emerging downtrend aiming to reassert itself in the near term. The first major layer of support lines up near the 4.00 figure. Fed-speak at the Jackson Hole symposium - particularly the speech from Chair Powell - may emerge as the catalyst for weakness. A measured-move projection implies a move below 3.40 may ultimately materialize.
COMEX:HG1!
by IlyaSpivak
Copper into JacksonCopper: Market Commentary 23.08.2021 A couple of points to note here; we ticked the 161.8% extension which was our third wave target in our previous copper chart at the beginning of 2021. It always comes down to the same situation; an impulsive complex which can be called sound, but which has one sickly component. As we head into Jackson, according to the long term wave count we have the following two charts which distinguish the five wave sequence: So now buyers are a point up after sweeping the highs, they are in a position to take profits over the coming months and quarters and bring together their own herd again at 3.33x lowest play the fifth wave inside of our major third wave. So far we have done a good job of shepherding the flows in copper as all has been predicable on the technical side; here looking for 3.33x before a slingshot towards 5.50xx in 2023.
COMEX:HG1!Short
by ridethepig
1
$HG1 $Copper ABC correction complete I am calling the bottom in copper price and price just bottomed on Aug 19 (which incidentally is also when spx made the bottom). The bottom on Aug 19 is also the support level in March 2021 around 3.9585. Aug 20 current price is sitting above MA200. which is a positive sign but we really need to get it above MA50 and the rest to go full on bull from here. However, if it breaks 3.9585 then it could go a lot lower. Copper and Gold tend to move in opposite direction and generally gold is used as a hedge against recession and inflation, and copper is an indicator of economic activity. I am expecting to see price to move up from here.
COMEX:HG1!Long
by fredpui