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E-mini Copper FuturesE-mini Copper FuturesE-mini Copper Futures

E-mini Copper Futures

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QC1! trade ideas

Copper is heading to a new ATHFundamentally, COMEX:HG1! has a potential with the new green economy and its new applications. China was the dominant consumer of it but in the next term, not a country or countries but a sector, including EVs, will dominate the market and prices. This is a long term prediction. I think current supply CAPEX is not enough for the next term. Thus, we can expect further real price increases in the next term. The chart is based on Wyckoffian method. I think this is a re-accumulation phase. The next step will be the sign of strength.
COMEX:HG1!Long
by The_Quantastic
COPPER showing strength. Buy opportunity.Pattern: Channel Up on 1D. Signal: Buy as the RSI and MACD are approaching their Support levels, while the 1D MA50 (blue trend-line) is closing in. Target: 4.200 (the 3.5 Fibonacci extension). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> Astael --------------------------------------------------------------------------------------------------------
COMEX:HG1!Long
by TradingShot
3
Copper (Futures) target 4.40 for wave 3Copper overall looking really good from a technical perspective, slightly shallow wave 2 pullback, but nevertheless, still valid for a 1-2 start. Target for the next top is the wave 3 to around 4.40, followed by a wave 4 pullback to around 3.77, ending in a wave 5 to around 5.42 to complete a 5 wave cycle. Disclaimer: The proceeding content is informational only and based on information available when created. It is not an offer or a solicitation nor is it tax or legal advice. It does not consider your financial circumstances and objectives and may not be suitable for you. Copyright Rohan Karunaratne 2021
COMEX:HG1!Long
by UnknownUnicorn4017959
COPPER - Approaching our first Take Profit LevelI like to set at least 4 take profit levels). Trading becomes really difficult unless you can have the power of patience and the power of taking profits gradually. This way: - you don't close in profit too early (oh fuck, i mad 200$ but if i had kept i could had made 2,000$) - you do take profits along the way ensuring you make something (best trading habit) - you can change the stop loss at entry (zero risk, you can also calculate the spreads and swaps and do it perfectly) - if the market reverses against you after at least 1 of the 4 take profit levels has been checked you are guaranteed some profit. Which is still a winner - you manage to finally create those long-lasting good trades that you opened 2 months ago but they still making you money Patience is key, Planning is essential, Taking Profit gradually is the Winning Recipe. ps. there is another element here. To correct your trades early and follow what the chart says. I had to change from sell to buy and I did that efficiently, which makes me happy.
COMEX:HG1!Long
by FX_Professor
$5: Copper Aiming for New ATH One of the best looking and yet under-rated commodities chart has to be of COPPER. I know Gold and Silver bugs don't usually get strayed with non-precious metals but technicals are surely juicy if you are able to take a multi year position. My guess is it will be early 2023 when we break through the new ATH. Notice the divergence of price and OBV + a successful 'price action' breakout in the last 3 months. Wait for another 3 months to absolutely confirm the pattern and then off you go. Even the last two volume candles are strong (>=MA) which shows consolidation under place.
COMEX:HG1!Long
by BitcoinWiser
2
Copper = Industry (also a hedging opportunity)There is a direct correlation between the S&P 500 and copper performance and they generally move in the same direction. Copper is much more closely aligned with global growth and demand, so if the global economy is expanding then demand for copper should increase. In other words, if the stock markets correct or crash the price should drop (now at resistance) If the stock markets rise more, then very simply Copper will follow. Hedging idea : 60% Platinum buy (over it's resistance), 40% copper sell (under it's support). Compound the winner gradually and follow the indices movement. ps. the indices are most likely correcting, not crashing at this stage
COMEX:HG1!
by FX_Professor