$HG_F I reckon Dr Copper a chance of $3.80time for a commodity bull market and some inflation. $3.80 makes sense to start with as a target whilst the world 'rebuilds' post whatever this is.
HGS1! trade ideas
Copper rallies.Firstly, please support our work by clicking like button & or following! These really assist us to reach more investors & traders like you! Despite the rally prices have been struggling to go beyond $3,00 and ended up consolidating between $2,85 & $2,90. However, as the bullish fundamentals improve prices might go higher.
Copper Futures - Breakout shaped recoveryThe economic recovery hasn't been confirmed yet by Dr Copper has it fails to break out of his decade long downtrend. It was challenged last month with no clear break (2 consecutives closes above)
August could be the month of the recovery from COVID or a pullback could signal a longer recovery ahead.
Copper Buy / Sell Based on FIBO / Gann - INTRADAYAs per my analysis copper is on Sell Trend
So sell at 517.30 Stop loss 518.70 Target 512 / 508.30
Always stick to strict entry exit and stop loss level . +/- 0.10 paise is considered as entry or exit
Fibonacci and GANN always rocks........ Support us , Follow us and Research with us
Copper Buy / Sell Based on FIBO / Gann - INTRADAYAs per my analysis copper is on Sell Trend
So sell at 514 Stop loss 515.80 Target 510.60 / 508.30
Always stick to strict entry exit and stop loss level . +/- 0.10 paise is considered as entry or exit
Fibonacci and GANN always rocks........ Support us , Follow us and Research with us
R-0162 Commodity Future Buy COPPER AUG @511.8-512 SL 509.80 TGIntraday Commodity Future Buy COPPER AUG @511.8-512 SL 509.80 TGT 515.40
Above VWAP
TK cross over
MACD cross over
Copper is setting for big move. Explained with entry techniquesCopper Futures were very volatile last week. Usually, it indicates a big move coming. I think this market sets for decline as well:
COT – commercials have one of the largest net short positions we have seen for quite a while
The cycle is turning to the downside with a potential reversal point at the beginning of November
Daily chat has an interesting pattern – all large ranges have been to the downside (it indicates weakness)
So, the question is if there is any short signal coming? Breaking below Fridays low on Monday or Tuesday can be considered as an entry. Alternatively, we can see a few days bounce to 2.95. Rejection at this point is another possible entry to short Copper.
Copper Buy / Sell Based on FIBO / Gann - INTRADAYAs per my analysis copper is on Sell Trend
So sell at 510.50 Stop loss 511.70 Target 507.50 / 505.20
Always stick to strict entry exit and stop loss level . +/- 0.10 paise is considered as entry or exit
Fibonacci and GANN always rocks........ Support us , Follow us and Research with us
R-0158 BUY COPPER AUG @511.3-511.5 SL 509.30 TGT 514.80TK cross over at 511 and it is at the same price.
It opens gap down so favourable price to go long.
Copper Buy / Sell Based on FIBO / Gann - INTRADAYAs per my analysis Copper is on Buy Trend So buy at 512.20 Stop loss at 511 and expected targets 515.50
Gann And Fibonacci Always rocks Follow us and support us and Research with us
Copper Buy / Sell Based on FIBO / Gann - INTRADAYas per my analysis Copper is on sell trend correction so
Buy at 501.40 Stop loss 500 Target expected 506.30
after correction sell at 506.30 Stop loss 507.65 Target 501.40 / 498.55
NOTE : Sell is the most preferred trend
Fibonacci and GANN always rocks follow us , support us and research with us
Copper Buy / Sell Based on FIBO / Gann - INTRADAYAs per my analysis Copper is on Buy Trend
So buy at 510.50 Stop loss at 509.30 and expected targets 513.50 / 515.80
Gann And Fibonacci Always rocks Follow us and support us and Research with us
CopperThis current daily candle is very important imo. A close below yesterday's low would signal caution in equity markets, again imo. Ignore this if it doesn't happen.
Copper Buy / Sell Based on FIBO / Gann - INTRADAYAs per my analysis Copper is on Buy Trend So buy at 503 Stop loss at 501.70 and expected targets 506.50 / 509
Gann And Fibonacci Always rocks Follow us and support us and Research with us
R-00149 Commodity Future Sell COPPER AUG @504.6-504.8 SL 507.10Intraday Commodity Future Sell COPPER AUG @504.6-504.8 SL 507.10 TGT 500.80
MACD cross over + TK line indicates bearish trend so go short for the intraday.
