Copper seems to be losing steamCopper daily chart seems to be losing steam as momentum failed to touch the overbought level as the price made new highs.
The risk to reward favours a short setup.
Red line - Stop level
Green Line - Target level
CO1! trade ideas
Copper path and directionHello everyone
This is my Copper idea for Daily time frame
watch key notes for more detail on chart
for any question feel free to ask :) good luck
Copper retest of breakoutIf the 3,12 holds and Copper turns again, this could be a good entry point to go long.
Cup and HandleC&H patterns are only valid over long entry level
Possible stop below HL (handle low) below 2.73 or Mid cup below 2.46
Not a recommendation
Copper pushing hard!Copper pushing hard on weekly Point and Figure chart. $HG_F #copper #commodities #patience #gold #silver $slv $gld #fintwit $sil $silj $gdx $gdxj $dxy
HG - Copper futures - Elliott wave analysis Welcome guys,
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HG - Copper futures - It seems in the final 5th of 5th wave from major bottom and might be one more high away to end the final wave. So wait for more price action and don't consider it as buying opportunity, because it may turn bearish if the count is about to finish. Alternatively it can extend the up move. So overall price remains choppy to bullish until price stays above 3.0965 and it turn bearish if price broken down below 3.025 level.
Give thumbs up if you really like the trade idea.
Copper levelsMinimum target 529 for the day. Risk takers may proceed with selling who may carry forward the positions for the next week.
* Disclaimer : I just shared my view. Please trade with your own and comfortable views.
Copper - shortTargets 522/521
Main Stop Loss at 528.5
*Disclaimer : I just shared my view. Please trade with your own and comfortable ideas. Thanks.
SELL CU 3.026 SL 3.10 TP 2.61price break out Ascending wedge(rising wedge) and hit fib 0.382
on ris chart we see retest major trend line as resistance
good luck
COPPER FUTURES : A NEW BULLISH POTENTIAL ?ENGLISH
- Prices have been registering lower highs and higher lows, trading inside a consolidation pattern since 2009, the long-term trend is then neutral.
- More recently, the market rebounded for the second time over 1.9735 with a strong bullish acceleration which led prices to a clearing of their long-term bearish trendline (dotted line). Volumes are globally on the rise while the RSI is now back inside its buying zone following a solid clearing of its 50% level.
- This is a bullish situation. Even if a pull-back over the 2.9680/2.9725 zone remains possible, the recent trendline clearing has unlocked a new bullish potential towards 3.3000, 3.6150, and the 4.0000/4.0715 zone by extension.
NB : From a fundamental point of view, renewable and other alternatives energies need a lot of copper to be conceived. the transition between fossil energies and renewable energies is likely to have an important positive impact on Copper’s demand in the months/years to come.
FRANÇAIS
- Les prix ont enregistré des creux de plus en plus hauts et des sommets de plus en plus bas, se traitant à l’intérieur d’une figure en consolidation depuis 2009, la tendance long-terme est donc neutre.
- Plus récemment, le marché a rebondi une seconde fois au-dessus des 1.9735 propulsé par une forte accélération acheteuse ce qui a conduit les prix à une rupture haussière de leur ligne de tendance baissière de long-terme (pointillés). Les volumes sont globalement orientés à la hausse et le RSI se trouve désormais dans sa zone d’achat suivant un franchissement franc de sa zone des 50%.
- Il s’agit donc d’une situation acheteuse. Même si un pull-back au-dessus de la zone des 2.9680/2.9725 reste possible voir probable, le récent franchissement de la ligne de tendance baissière a débloqué un nouveau potentiel haussier vers 3.3000, 3.6150 puis vers la zone des 4.0000/4.0715 par extension.
NB : D’un point de vue fondamental, les énergies renouvelables et alternatives demandent beaucoup de Cuivre afin d’être conçues. La transition entre énergies fossiles et alternatives a de grandes chances d’avoir un fort impact positif sur la demande de cuivre dans les mois/années à venir.
Copper Daily; Still a Massive SHORT! - And has been since ...... since this post:
and this post:
and this post:
... and so on.
Many of you asked "what is our single largest current position?". That's easy: Short Copper. (and WTI Crude)
Copper Buy / Sell Based on FIBO / GANN Buy at 518.70 stop loss 516.80 Target 522.75 / 532
Fibonacci and Gann always rocks support us follow us and research with us
