CU1! trade ideas
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
Copper Buy / Sell Based on FIBO / GANN Buy at 523.60 stop loss 522.50 Target 525.50 / 526.50
Sell at 527.80 Stop loss 529.30 Target 526.50 / 525.50
which ever entry triggers first then go that side and leave the other view
Fibonacci and Gann always rocks support us follow us and research with us
COPPER INTO AREA OF TRENDLINE SUPPORT AND HORIZONTAL SUPPORTA resumption of these two support lines will possibly create a great buying opportunity for copper. If we want to buy the 8hour candlestick has to close above 3.00, if the price continues up to its a great risk to reward trade.
Target: 3.0885 (2.68%)
Stop-loss will be placed right under horizontal support.
Coppert Up thrust after distribution 4HR?G'day watching price action though 3.09 zone. The possibility that the breakout move 18 SEP could be a Wyckoff UTAD.
Copper Futures Weekly Chart : Bullish Momentum to continueCopper Futures Current price Rs. 532.70, rising channel , bullish ichimoku set up, RSI at 78,ADX at 36.5,copper should continue it's rise and move up after consolidation between Rs.523- Rs.533 levels , we should see new highs towards Rs. 540-Rs-550 if stiff resistance at Rs. 534.40 is taken off with good volumes.strong support at Rs.512 if broken we may see bearish levels.
COPPER NEW ATH OR FALL BACK DOWN?Hi Again,
I am analysing, preparing for a new week. I always tend to do this on a sunday afternoon. Beware this is not an advice. I don't often trade copper but when i do i always have a good trade. I only step into this commodity when i am really really sure about it to earn some side $. Only small pieces.
Last weeks it moved more than Gold/Silver. It even reached a new ATH. Will it reach a new ATH this week/month? That's my question and nobody can answer it...only time will tell. No crystal ball stories here...
Personally i think it will retest a new ATH and then fall back, see the charts where i can set my targets to the downside. I will open a sell if it hits a new ATH. I will definitely not open a new buy since it is too much risk for me.
Good luck and safe trading everyone!
