Copper is showing signs of a potential bullish move on the daily chart. The setup suggests a possible retracement before a continuation to higher levels. We’re targeting the 0.5 to 0.6 Fibonacci retracement levels, with price targets set between 4.5000 and 4.7000. Technical Analysis: • Fibonacci Levels: The 0.5 to 0.6 Fibonacci retracement levels align with...
Going Long on Copper: I’m taking a long position in CAPITALCOM:COPPER at this level. If it retraces, I plan to add to my position down to around 4.15. The weekly downtrend has ended, and this week’s price action has erased the previous bearish expansion bar. There are signs of bullishness on smaller timeframes, and the daily chart shows an active uptrend for...
MCX:COPPER1! trade at 812 level. Chart shows that its break a trendline on daily chart. So you can watch for an upside move...
I was not always a bear... but my arms are tired of holding these Silver Bags for over a decade. I am still bullish! In the long long term ( ; I am still holding a longterm SILJ short position ( see previous post ) but the immediate future is not clear. Will we get an explosive rally leading up to... during... or after the FOMC? I would not bet on it. The...
Pair : XCUUSD ( Copper / U.S Dollar ) Description : Completed " 12345 " Impulsive Waves and " ABC " Corrective Waves Break of Structure Fibonacci Level - 78.60% Symmetrical Triangle as an Corrective Pattern in Short Time Frame Demand Zone
MCX:COPPER1! trade at 780 level. Its now doing a major correction but in long run moving upward side, so you can wait for reversal or play some downside move till 750.
DISCLAIMER: This is not trade advice. This is for educational purposes only to demonstrate how I am looking to participate in this market. There is significant risk involved in trading, do your own homework and due diligence. COT Strategy LONG Copper (HG) My COT strategy has me on alert for long trades in HG if we get a confirmed bullish change of trend on the...
Pair : Copper - CU Description : Completed " 12345 " Impulsive Waves and " AB " Corrective Waves Break of Structure RSI - Divergence Rising Wedge as an Corrective Pattern in Short Time Frame Demand Zone
Copper is located in a 4H timeframe, lower than EMA200 and EMA50 and is trading in its mid -term descending channel Short -term copper purchases can be sought if the downtrend continues to reach the demand zone, which is also intertwined with the weekly copper pivot The upward correction of copper to the specified supply zones will provide us the sell position
Metals were all lower on Tuesday as investors braced for a hard-landing scenario. But not all metals fell equally. We take a look at gold, silver and copper to sort the longs from the shorts, depending on which variant of an economic landing we could be facing.
Fundamentals: Bricks buying and geopolitical tensions have kept Gold price elevated pulling up the silver price with it. I believe the Bricks meeting this Sept to be a selling event given that all of the purchase goals (for now) will be met by the meeting. Gold is the stronger of the two metals. I am leaning short Gold but I think silver has more downside...
Copper (HG1!) got rejected yesterday on the 1D MA50 (blue trend-line) for the first time since early July. This is a clear Bearish Leg on a potential Channel Up pattern, so technically, it may form a bottom on its Higher Lows trend-line and rebound. If it does, our Target will be the 0.786 Fibonacci retracement level at 4.900 as on the January 17 2023 rebound. If...
COPPER is rising towards the resistance level which is a pullback resistance that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit. Entry: 4.3188 Why we like it: There is a pullback resistance level which aligns with the 61.8% Fibonacci retracememnt. Stop loss: 4.46047 Why we like it: There is an overlap resistance...
Copper is showing great pattern consolidation. it appears to be putting in a daily bull flag pattern that looks poised to breakout. If copper follows some of the other recent price action in the commodity space it makes it even more likely to surge., You're seeing #gold #uranium #oil and other all performing well. Will this dampen and slow down the dis...
Pair : CU - Copper Description : Impulse Correction Falling Wedge as an Corrective Pattern in Short Time Frame Break of Structure and Retracement RSI - Divergence Support Level
COPPER has reacted off the support level which is an overlap support that lines up with the 23.6% Fibonacci retracement and could rise to our take profit. Entry: 4.1293 Why we like it: There is an overlap support level which aligns with the 23.6% Fibonacci retracement. Stop loss: 4.0266 Why we like it: There is an overlap support level which is slightly below...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 COPPER has been overall bullish, trading inside the rising wedge pattern in blue. At present, COPPER is undergoing a correction phase and it is hovering around the lower bound of the wedge. Moreover, it is retesting a massive support zone marked in green. 🏹 Thus, the...
Copper is located between EMA200 and EMA50 in the 4H timeframe and is moving in its descending channel The basis of short-term trading can be considered as breaking or maintaining the drawn short-term upward trend line The failure of this line and copper reaching the demand zone will provide short-term buying conditions for copper On the other hand, the authentic...