Copper is breaking out on both Weekly and Daily TF
Copper is breaking out on both Weekly and Daily TF
CPRUSD trade ideas
Copper Price versus nickel, zinc and leadSince 2003, the copper price has been outperforming other industrial metals such as zinc, lead, nickel and aluminium.
Copper possible 1M short on 1 M supply 1M supply is in play
Long term short possible upon fresh W supply formed
COPPERImpulsive wave 5 is on the progress which will terminate the high of the wave 3.
Wave 5 is the smaller degree of a wave iii. The next wave iv would be a flat pattern. As a rule, if wave ii ended with a zigzag pattern, then the wave iv might end as flat pattern.
The price is very strong enough to go up as it has supported the 200ma along with RSI and MACD with a positive indication.
copper to breakout valid only of there is a clear breakout, above the 100SMA and forming a strong resistance on the downward trend
Copper looks good for a position tradenice reaction from demand zone created a bear trap, and so it worth stalking lower timeframes for low risk entry setups on intraday pullbacks to LTF demand zones
Copper LongStructure and Elliot wave analysis
I will be looking to go long at this area marked out. I haven't set orders yet, but this is an 4H structural shift so as long as momentum coming into this zone is weak I will be looking to place orders.
COPPERWave C of a zigzag pattern is underway and forming ending diagonal pattern that indicates the reversal pattern.
Copper to Gold ratio shows signs of weakness if not panicCopper is an industrial metal,
Gold is valued in times of money panics since no counterparty.
both are metals.
both theoretically benefit from inflation.
One is clearly losing ground to the other one.
there is information there.
Copper Long5.3 Risk to Reward
Swing trade idea.
You may want to find some structural breaks on the lower time frame to get more refined entries and get a better risk to reward ratio.
This trade is probably a 2/5 probability idea, so still a positive expectancy. Just expect this to fail 60% of the time though.
Copper Long - 11RRLong trade on Copper.
Wave analysis + Bull Flag
I'm expecting the most likely move for copper is a move up to 4.85.
I will be looking for longs once price goes below the orange line at the entry tool.
What Doctor Copper is saying this week about the economyDr Copper has a PHD in economics. narratives can be wrong, be price action is closer to truth.
Lots of stories about no landings and china re opening. But price action is saying something else.
Bull Flag pattern A bull flag pattern is a chart pattern that occurs when a stock is in a strong uptrend. It is called a flag pattern because when you see it on a chart it looks like a flag on a pole and since we are in an uptrend it is considered a bullish flag.
Strong economyCopper price shows inflation didn’t die yet and it will continue to grow.
Copper price will be the real threat soon.
Higher copper price means higher inflation.
Solid buyThis is not magic, this is the fact of strong buying in the area of the bullseye 3.72, take profits and exit at the level of 4.60 boom
Copper Support & ResistanceCopper is struggling at resistance. Often when Copper Struggles, so to does the S&P500.
Copper can be ultra sensitive to the Dollar and yields, so watch it carefully as an economic barometer.
Short copper prefered on daily timeframe6 week low print and downwards uptrend breakout. Go short, stay short, choose your target.
Big trend dévloppingCopper is a big predictor of inflation we should have a drop in the net year but prepare for the next 10 year bull
CopperCopper looking to start the 5th wave of the C wave of the super cycle degree here IMO. Should hit around $7.50
Short-run Bearish on Copper - Converging channel pattern indicates upward trend in short-run.
- Low risk (SL is optional at any point below the lower channel trend line) because price hit channel bottom. Only movement upwards likely.
- RSI at approx. 40 suggests underbought.
- Watch for breakout as channel increasingly converging. After TP is successful, can set a trade order partly above or below the current price - to catch the breakout for a quick profit.
medium-term short position (high risk)
- existence of a very strong diverging channel
BUT...
- high risk due to low RSI, and current price level at a support line.
- therefore would recommend waiting for downward movement beyond this point before trading.
Copper & Stocks DivergingCopper and S&P500 is making a divergence.
Could this mean that we are going to be seeing weakness creep into the real estate market with Lumber and copper falling recently?
SPY has tracked copper closely with the rise & fall in inflation and yields.
The most used commodity in the world should provide pivotal insights into the next turn in the market.
If we do enter disinflation/deflation that's typically not positive for equties despite the "soft landing" narrative.
