Copper Technical AnalysisChina credit impulsed bottomed recently, in 6-9 months we see the effects in the economy. Therefore, the wave 5 might be a bit choppy from now, but the longer term picture is up up up!!!
CU1! trade ideas
JICPT| Copper pending breakout the sideway upper boundary!Hello everyone. Copper is on the top of my watching list due to its widely usage in the world. In my opinion, it serves as the leading indicator of the economy to help us catch nice investor opportunities in the market. e.g. thematic funds.
To make the long story short, let's look at the daily chart:
1. The long-term MA did prevent the price from further going down. In addition, the short and mid-term MA failed to crossover the long-term one, indication momentum to the upside.
2. It has been sideways for a while with the key level 4.4080 to be taken out. The level is also the upper boundary.
3. The likelihood of going up is high, however, I don't know if it directly penetrate the key level(4.4080), or seek support from the bottom level. I guess nobody knows. Considering the date of today, normally Friday is a bit quiet. So, we're very likely to know the result next week.
Two possible setups:
Breakout and pullback trade: with impulsive breakout, I plan to long at the pullback. This is momentum play.
Pullback and bounce back trade: Price falls to the bottom of the sideway structure(4.1340), I plan to long at the bottom. This is a sideway setup.
Hopefully, it helps. Enjoy the weekend.
Copper// Where to buy next (update)Mistakenly only had 1 entry, so I had to close to take some profit.
Now, ill be looking for another area to re-enter and probably add multiple positions.
As of right now, the first area of interest is the 38% zone, however Ill be exercising some patience as I think we may see price itch lower than this support.
Previous Analysis linked.
copper 100% chart analisys, not backed by any fundamental.
if could explain some fundamental to back or dicart the idea it would be apreciated.
thanks
Copper overbought predictionIt looks like it rocketed 4% yet despite the momentum it has now got rejected off of a multi month fib . I think it will consolidate until close, and then breakout again
Copper Prices giving a heads up... Earlier, I posted about the S&P500 defying gravity.
Another indication to support that view is here... COPPER.
It is well known for copper futures to lead/follow (takes turns) the equity markets. The reasons behind this phenomena is very fundamental, copper is used in production of many things, and in an economic upcycle, copper is one of the first metals required, in many forms from wires, to electronic parts.
So, superimposed is the SPX on /HG copper futures. You can see the love/hate correlation. It is just astounding.
Copper technicals are similar to that of 9 April 2020, as it bounces off the Gann fan support, breaks out over the trend line resistance... it appears bullish, even suggesting that it is looking for the last high.
So what might this mean for the S&P500?
Copper stop loss 4.45 long term Short to 2.9 to 3Copper stop loss 4.45 long term Short to 2.9 to 3 .. As long as Copper remains below 4.45... best swing trade will be shorting copper.. till 3.0 Dollars
H & S target also point to this level 2.9 to 3 . Everything changes if Copper able to climb above 4.45 recent high...
Copper HG1This is a 4 hour chart. If a golden cross comes out and the swing-up is done well, an uptrend can be expected, but there is a risk of a decline if it fails to break through the 200MA or if it does not receive proper support.
Copper Futures 1M chartThe first wave of Fibonacci extension that started in March 2020 seems to have peaked. The next level is located far above the sky. It's not a strange position to be down here. Well, looking at the 1-hour chart, there is no upward momentum yet. This is a very large timeframe. So, don't take too much into consideration for the current trading. I'll keep watching and update
perfect strategycopper going down according to my strategy
dont hesitate to send msg asking for the market u want
10 PIPS OUR MISSION
BIG LOTS TO MAKE PROFIT
make sure u follow me to encourge me and for better performance
COPPER- All 4 targets reached/ Time to go Short? Since May last year Copper had been selected as one of our main investments for the year 2020/2021 ?( check the previous idea here ).
We had placed 4 take profit levels early in January to be taken and they were taken successfully , just a bit faster than we thought!
At this stage, Copper should leave some profits behind so we are entering a short term short position until our charts demand that we buy in again.
This, despite today's news that Shanghai copper rose on Monday on top metals consumer China's move to boost liquidity, while a steady dollar ahead of U.S. inflation data kept London prices under pressure.
In anticipation of Chinese data tomorrow morning we feel this is a good entry point at resistance.
the FXPROFESSOR
Copper Futures COMEX Greeting from Afghanistan
Copper Futures COMEX : UPDATE AS ON 12th July 2021
Trading at 4.3075 Looks Good investment for short term target intact 4.9500
Longer term advice hold target intact 6.00-6.5000
Regards
Note : Respect for capital and leverage
just an ideafind it interesting, this is the sum of all commodities divided by the money supply.
probably doesn't mean anything, anyway interesting.
Looking at the parabolic route of m2 and the commodities basket divided by it didn't move as expected because of it's rally the rally. lot's of money still in the markets.
give me your perspective and ideas
Copper back up to $4.40 ?Coppers trading range is narrowing quite a bit.
initially i got my timiing wrong on this (see other analysis), but now seems to be teh right time for a reversal breakout upwards.
expect copper to head up to $4.40. will need to reassess there to decide which way next.
overall long term expecting copper down.
Copper: testing major resistanceThe price action is testing major resistance.
A price action above 4.30 supports a bullish trend.
Upside price momentum also favours the bullish trend.
MACD bullish crossover confirmed a change in trend direction to bullish.
RSI leaves enough room for further upside price potential.
Copper Selling WinnerCopper this morning was in a slow fall getting pressure from PSAR so I put in a sell order at 4.3295 seeing if price action would break down past 4.3 - Once it did it quickly hit my Take Profit of 100 points, my usual for Copper, at 4.3195. Now to monitor to see if Price Action will reverse and I can do it all again on the way up :-)
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 👎
#Mcxcrude downward slopping channelCrude is in dwonward slopping channel between 690 to 730. A breakout above 730 closing basis it can sharply move up to 730
COPPER/ Melt down or ContinuationCatalyst would be a rallying dollar in my opinion. Copper poses a similar structure to many cryptocurrencies over the past few months.
Check comments for weekly/monthly view, where there is also huge reversal pattern.
