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Grade A Copper Futures

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CA1! trade ideas

Copper Futures (M6E1!), H4 Potential for Bearish DropType : Bearish Drop Resistance : 3.6500 Pivot: 3.5315 Support : 3.4115 Preferred Case: On the H4, with the price breaking the ascending trendline and ichimoku cloud, we have a bearish bias that the price may drop from the pivot at 3.5315, which is in line with the 78.6% fibonacci projection and 61.8% fibonacci retracement to the 1st support at 3.4115, where the 50% fibonacci retracement and swing low are. Alternative scenario: Alternatively, the price could rise to the 1st resistance at 3.6500, where the pullback resistance is. Fundamentals: The copper price fell as the market worries about demand in China surfaced due to weak economic data and a firmer dollar. Meanwhile, Chinese property developers sharply cut investment in July, while new construction starts suffered their biggest fall in nearly a decade.
COMEX:HG1!Short
by Genesiv
Copper Commodity USA Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series Focus: Worldwide By Sun Storm Investment Research & NexGen Wealth Management Service A Profit & Solutions Strategy & Research Trading | Investment | Stocks | ETF | Mutual Funds | Crypto | Bonds | Options | Dividend | Futures | USA | Canada | UK | Germany | France | Italy | Rest of Europe | Mexico | India Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision. #debadipb #profitsolutions
COMEX:HG1!
by Sunstorminvest
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.
COMEX:HG1!
by zijdenboseric
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??!!
COMEX:HG1!
by TradeTheStructure
Copper commodity USA Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series Focus: Worldwide By Sun Storm Investment Research & NexGen Wealth Management Service A Profit & Solutions Strategy & Research Trading | Investment | Stocks | ETF | Mutual Funds | Crypto | Bonds | Options | Dividend | Futures | USA | Canada | UK | Germany | France | Italy | Rest of Europe | Mexico | India Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision. #debadipb #profitsolutions
COMEX:HG1!
by Sunstorminvest
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.
COMEX:HG1!
by ScottBogatin
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.
COMEX:HG1!
by ScottBogatin
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.
COMEX:HG1!Long
by epistemophiliac
2
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.
COMEX:HG1!Long
by chickenboye
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.
COMEX:HG1!Short
by ManuelRodriguez