Dr Copper Monthly ChartLooks like market is going to suffer in the medium term
Dr copper showing clear signs of reversing and reverting back to at least the 50ema/ lower bollinger band zone
Not great for stocks in general....
QC1! trade ideas
Dr Copper .. rev s-h-s targets $400 to catch up with S+P On it own, copper is near completion of a rev s-h-s targeting $400 area, and that may be enough technical justification to go long here, hoping for the imminent break out.
Look at it vs S+P and you see there is already a lot more optimism building in the (US) equity markets and I guess that makes sense, as China is facing great difficulties and Europe is equally challenged by extreme energy prices and geo political instability. Obviously, thanks to President Biden, we are seeing the US pass hugely important legislation on energy use transition.
I would say, prices are there to be respected and copper is certainly testing the last of the eco-Bears out there.
Maybe give it a few more $ to the upside to see that neck line breaking for confirmation. Incomplete s-h-s are typically quite treacherous but it seems to me there is good fundamentals behind this too.
The rally is funny but the doctor its lostCopper will fall following the depression currently happening.
Next to follow
Cooper Shine like a diamondCooper going to make a short for a make a correlation
After this i will make a entry for long to keep until xmas position trade:P
Heading for Recession or going higher...analysis and key levelsThere has been a lot of talk of the US heading into recession, and while the Fed and Politicians deny it, most feel that we are already 'in' a recession.
The Fed will of course do and say all they can to keep the stock markets orderly and supported while trying their best to bring down inflation. Key now is to watch inflationary and economic data.
In the video I look at the major stock markets in the US , Europe and Asian...and look at the key levels that I am watching for some action. Technically the Indexes are still in a downtrend but we have seen some buyers go risk on into the end of the month....so the question is will this continue??!!
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HG1!7.28.22 I want to kill you something about price action And structure as a pertains to copper. I believe many traders who look at this won't recognize the importance of structure in this particular example, so it's important to look at this as a study around structure. The most immediate reason to look at this market is that it found support and a reversal pattern want a ranging market moving lower, and we would have been able to get into this market as a buyer when many Traders would think that the market would probably go lower... and that would have been a very expensive mistake. The market went up about 6 or $7,000 per contract at the reversal, so if money is your thing, the trade worked. and now I have exonerated myself from any further responsibility. Hopefully if anything important happens and I'm watching, I'll try to let you know. Learning a concept how to use structure for your trade decisions is the most important thing in this video in my opinion.
Go long next daysGo long next days, we have a strong probability that the copper will rise approximately 8%.
Starting a long position for a swing Here i am starting a long position for a swing traders .
Take a loon please make sure you are in risk management . Be careful on lot size .
Bitcoin Copper7. 23. 22 I'm using Bitcoin and copper as examples of the same set up. You could do this with any market. It's a coincidence that I I've been posting videos on two different markets that happened to have the same type of reversal pattern. These patterns have associated risk and reward and probability. These markets are not oversold or over bought markets... which have their own probability and expectations. It's important to understand some of the characteristics I'm talking about. I think it's equally as important to recognize what kind of trader you want to be. Some Traders really need to be longer-term because it fits their lifestyle, their available time If their personality. It is actually better for them to not constantly look at the chart.
Copper Appears To Have Finished an ABC CorrectionCopper appears to have finished a perfect ABC correction that has terminated at precisely the 0.618 Fibonacci level. According to the Elliott wave model, copper should begin another five-wave move up of primary degree that eventually surpasses its March high.
There is one reason to be cautious, however. Copper still has bearish seasonality until August 15. If you bought copper on July 22 and sold copper on August 15 every year for the past ten years, you would have lost money for eight years (80%).
In general, I trust the Elliott wave model more than I trust seasonality but a historical win rate of only 20% is nothing to joke about. The current Elliott count will be invalidated if prices decline below the July 15 low of 3.1315. Risk should be tight, and the trade should be abandoned if prices drop below this level.
quarterly defined supportWhat about copper?
-Important support right here
What about silver?
-Important support right here
#stagflation
MR.COPPER .618 MAJOR SUPPORT 4 now Chart posted is that of copper . we have 3 legs now down in the bear market . a natural target for support as it hit a 618 at BEST you can look for an ABC or abc x abc up until aug25 to sept 2 then CRASH
Copper to $10+ by 2024. Easy. ~$4.50 today is fundamentally not the same as ~$4.50 in 2011 - the last time copper traded at these prices. QE was fresh off the block in 2011. today, it is standard operating procedure and although the fed talks a good game with tapering, we have yet to see any balance sheet reduction.
Looking at this monthly chart, I noticed an interesting double bottom that hits its' target before entering price discovery between 1999-2006. the pattern is not perfect but it looks really similar to copper 2016-2022. Double bottom, target reached around $4.30, and now we're off to the races - price discovery.
I think copper to $10 in under 2 years is a very safe bet. It doesn't threaten fiat as much as gold/silver and is manipulated less as a result. It is critical in many industries and the push for everything to go IoT will continue the increasing pressure on copper as well.
Let's see how this one ages.
Copper in free fall, but ...It is well known that due to the current circumstances of multifactors of the negative order, they are causing a Global crisis, which in turn cuts the industrial demand, clearly that happened in the past and is clearly illustrated in the last crisis ( "Subprime Crisis" ).
we have clear then the "high ceilings" and the "low floors",.
although there is copper falls without stopping,
but remember that this element is essential for the industry
in future mankind in electromobility plus also of electronics in general and industrial and so on.
and that is why the deep zone would eventually be a good buying zone. ,
also the fall of this metal is closely related to the Chilean ( clp ) peso.
copperThe support index lost $3.3.
But static support is $2.96 and dynamic support is #2.
The negative divergence caused the price to fall, but now we are seeing a positive divergence as it approaches the $2.7 support.
We should wait and see if the price will be supported by this strong downward momentum or not?
COPPER DOWNWARD TREND 🔻↘Copper showing downline trend↘, will be very helpful for long term trade. Will be profitable, if staying for long.
MCX:COPPER1!
P.S.- I am not responsible for any personal loss.
The copper bear bites down. Copper has went into a notable downtrend from the last posting of the harmonic bear entry.
I did not know it at the time of making this forecast (In fact, I looked at copper because a friend of mine has a lot of it for scrap and I was trying to explain to them why it would be a good time to cash it in, which they never) but since making this forecast I've read copper bear markets have preceded all major recessions.
It's not the case that all copper bear markets have resulted in recessions. The signal has about a 60 - 70% hit rate. But that's interesting enough inside of the larger context of different types of crash warning signals for the indices.
Copper Futures, Short on every RiseWe are constantly keeping a watch on Copper and as per the chart Analysis we might see a drop in Copper in coming months.
We can short on Copper on ever Upside move.
Copper - where are we from a technical perspective?Disclaimer:
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HG1!6.30.22 Copper; exit if long.............................................................................................................
Dr Copper is telling us deflation is comingAt the beginning of June I put out an idea about shorting Copper . The market didn't do me the favor to get up to my entry, as I ignored past resistance. Probably got a little greedy too. Currently copper is sitting at support and could bounce up to 4$, maybe even up to 4.25$.
However in the long term, I see it go much much lower. In my opinion we are in a global recession, and probably even in a global depression. As interest rates and energy costs have risen rapidly, the demand for many things has gone down. We haven't seen the full effects of too much debt + lockdowns + WW3 + not enough energy production yet, but we are getting there. Copper going down is just the first step, and this could turn really really ugly.
The 2006-2008 top on Copper looks pretty similar to this one. Huge rally up, consolidation, attempt to breakout, failure, massive collapse. This time around we had a shorter cycle due to the lockdowns + stimulus + low rates + ESG , but this situation is truly reversing. We have no lockdowns, no stimulus, high rates and the ESG movement is clearly losing steam. Overall volume is low and that's a sign that demand for Copper isn't all that high. It was mostly supply being low, and not demand being high.
So how low could we go? The truth is that for some time this could be a bottomless pit. However, I believe the bottom will come in the 1.5-1.9 area, as the market needs to sweep the double bottom at 1.9. In terms of technical analysis this is the area anyone should be targeting. Once we get there, we could see a swift reversal as the Fed and all central banks are forced to cut rates and print money once again, in order to save the system from collapsing. They are stuck between a rock and hard place, and although they are doing their best to fight inflation now, they will soon be trying to fight deflation.
