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MINI - USD London Copper FuturesMINI - USD London Copper FuturesMINI - USD London Copper Futures

MINI - USD London Copper Futures

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LUC1! trade ideas

ridethepig | Copper for the Yearly Close📌 Copper for the Yearly Close First with an immediate review of the flows. We were tracking for the capitulation low which was our moment to advance... It was a great choice of moment to load the longs. Extending the belief in commodity shortages which have been entering into play all year long. The highs are worth striving for, all factors remain the same with the macro picture still equal. The main cases where this will play an additional note too at China and Australia flows which is something to consider. After clearing our first targets it's time to aim for the 4.5 main impulsive zone. A flyaway break is in play with such a bullish close, which is generally not very common. Of course the last time this happened was in the early 2000's; and we exploded. As usual thanks for keeping the feedback coming 👍 or 👎
COMEX:HG1!Long
by ridethepig
4
copper premarket. probably getting too specific.I think copper will continue to rise. Copper is a useful metal for lots of electronic devices. Point of control might act as a magnet to draw price higher. In march through april copper was at a decision point, and markets decided it was in high demand. I would be surprised if price went back lower through that heavily traded range. If I was ordering copper for a large company I would probably feel like I'm getting a relatively good deal and/or a good deal may be running away from me if I don't act with haste.
COMEX:HGN2021Long
by emehoke
Copper is hit by both hike of I/R and China decision20-06-2021 In the past week, some of the inflationary pressure in the market dissipated with a major sell-off across the commodities complex. The Fed’s policy talk helped spur a surge in the dollar, which was part of the reason for the selling. But the first catalyst was a move by China to cool the hot commodities markets. Reuters reported that a Chinese government agency planned to release reserves of aluminum, copper and zinc caused the price to plunge. TP: $3.85
COMEX:HG1!Short
by probabilityta
Copper consolidating at key level pending rebound! Hello everyone. Copper has dropped to the key level with a big red candle yesterday! Now, the small candle indicate temporary balance between buyers and sellers. What' next? If you look at the daily chart, this is a nice level to buy with flip zone structure. Down below, 4.1340 is another fantastic buying level confluence with long-term MA. Fundamentally, economy is still in the process of recovery, the pent-up demand will require more copper as it is widely used in our everyday life. In my opinion, the cycle is not over yet. ETF would be a good option for investors to join in. CPER is the United States Copper Index Fund for your reference. AMEX:CPER
COMEX:HG1!Long
by JICPT
Copper Elliott Wave Idea - Bullish Cycle Started?Taking a look at something other than Crude Oil for a change. It appears that Copper is out of a 10 year bear cycle and a bull cycle started in 2016. A look at the beginning; you can see wave 3 hit the 4.618 extension of wave 1 perfectly and then corrected perfectly to the 0.236 level for wave 4 > If you add in the subwaves of wave 5 there is also a nice 0.236 correction of wave 3 for wave 4 > All that would suggest an impulse move up and 4.0505 was the end of a larger degree wave 1. If you look at the following years from 2006 to 2016 it appears to be a multi-year correction in the form of WXYXZ > It completed at exactly the 0.618 level at 1.9300 > Looking at recent time it looks as though the first impulse wave up is completed and now in the correction, possibly to the 0.618 retracement area before up for wave 3 > A look at daily level we could be in wave B of Y > the 0.618 extension lines up nicely with the 0.618 retracement level. Something to keep an eye on I think as it could turn out to be a nice long trade with a stop loss below 1.9260
COMEX:HG1!
by Joseph_King
1