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Copper

New Century Resources Optimistic TimesNew Century Resources steps into optimistic times. With the equity raise done, they are practically debt free, shortly before break even, Zinc prices are high and treatment charges are low, considering paying dividend, consolidated the share price to a better looking number, likely starting to mine copper is Tasmania soon, discovered more resources on their local turf. Not even considering these facts, the stock was highly undervalued before the equity raise. Just need enough people realize that the 2022 target price should be around 4.5AUD - 6AUD instead of the current 1.99AUD. The trend is visible on the chart..
NLong
by danimen
1
Jiangxi Copper (USA: $JIAXF) Could See A New Peak In 2022 ⛰️Jiangxi Copper Company Limited engages in exploring, mining, smelting, and refining copper in Mainland China, Hong Kong, and internationally. It offers copper cathodes, copper rods and wires, sulphuric acid, and other products, as well as deposit, loan, guarantee, and financing consultation services. It is involved in the processing and sale of copper and hardware electric products; collection and sale of scrap metals; production and sale of non-ferrous metals, rare metals and non-metals, electrolytic copper foil, spiral and copper tubes, copper and enameled wires, other copper pipe products, and cast iron grinding balls; provision of repair, consulting, and transportation services; exploration, mining, selection, and smelting of gold and chemical; project, industrial, and fund investment, investment management, and investment and economic information advisory services; metallurgical chemistry; equipment manufacturing and maintenance activities; and development and production of thermo-electronic semiconductors and appliances. In addition, it engages in the development of chemical technologies; contracting for mining constructions; production and sale of casting products; maintenance of mechanical and electrical equipment; installation and debugging of equipment; sale of building materials; production of copper sulfate and electrolytic copper; scrap of base metals; and geological investigation and survey, and construction and engineering measurement. Further, it is involved in the sale of mineral processing, fine chemical, and other industrial and domestic products; trading of metal products; machinery processing; manufacture and sale of wear resistant materials; corporate asset and operation management, exhibition services, etc.; and trade and settlement of import-export business, offshore investment and financing, cross-border RMB settlement, and research and development activities. The company was incorporated in 1997 and is headquartered in Nanchang, China.
OTC:JIAXFLong
by DEXWireNews
COPPER is one of the best investments on a 2 year basisInvestors looking for value long-term better have a look at Copper, which has been consolidating ever since its May 2021 All Time High (ATH). The 1W MA50 (blue trend-line) has been supporting all this time, indicating that the market has found a new long-term demand zone where buyers step in. The last time a similar demand level on the 1W MA50 took place was half-way through Copper's historic parabolic rally of the 2000s. In particular, in February 2004, the market made a similar High (red flag), then turned sideways into a +1 year accumulation period, when again the 1W MA50 was supporting. Eventually that demand level initiated the last and more aggressive part of this rally during 2005-2006. The 1W RSI sequences between the accumulation phases of today and 2004 are also identical. The 2006 rally peaked a little higher than the 2.0 Fibonacci extension. That should be a solid benchmark for long-term investors looking for value. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
COMEX:HG1!Long
by TradingShot
1
Oil, Natural Gas, Gold and Copper! Macro series pt4Part 4 This is the fourth part of the macro analysis series. In this part we'll focus on analyzing the current situation of the commodities market based on fundamental and technical analysis, while trying to map out the future depending on how the Fed and the economy move. The key focus here will be on Oil, Natural Gas, Gold and Copper. You can find the rest of the analysis on the links down below. The final component of our analysis will be some major commodities and more specifically Oil, Natural Gas, Copper and Gold. Oil and Natural gas have played a huge role in the inflation story as both of them have risen dramatically over the last 1-1.5 years. Oil and Natural gas are the largest component of determining energy prices, while energy prices are pretty much an input to every economic calculation. Therefore, the clearer the outlook on the energy sector, the clearer our outlook on inflation. At the moment Oil is in a very strong and clean bullish uptrend, with 100$+ oil in the next few months or years being possible. When it comes to oil, on the one hand demand is slightly below what it was in Jan 2020 and is expected to keep dropping, while on the other hand production is lower than what it was back then. Demand was actually pretty low for many years post GFC relative to what it was before the GFC, and the bad financial conditions indicate that we won’t have a major change there for the foreseeable future. In terms of supply, the 3 key components are 1. OPEC+ deciding to keep output low 2. Many producers going bankrupt in the bear market and especially in the April 2020 crash and banks not lending to oil producers, 3. Many oil wells haven’t been re-opened since that crash because it takes a while to do so, but also because of all the ESG mandates. Due to the ‘green movement’ there are less explorations, drills and overall operations of oil wells, something that isn’t going to change any time soon. Pretty much the same goes for Natural gas too, even though the situation there is a bit different, at least for Europe. In Europe its price went up 36x in just 18 months, as more and more people had been lured in the trap of low prices, thinking they will stay low forever. Well, let’s say that that was never the case, especially when Europe is getting most of its natural gas from Russia, a country with which it has had tensions historically. Won’t get into the politics as to what is going on Europe and Russia at the moment, but focus on the fact that higher energy prices have been a huge problem for the world and especially Europe, as they’ve destroyed a lot of wealth. Energy prices going higher, which seems to be the case based on the charts could inflict even more damage. On the bright side however both Oil and Natural gas might not be far off from putting a major top in. Based on technical analysis, crude oil prices are overbought and are showing signs of divergence, while there is plenty of resistance in the 90-100$ range. Natural gas prices in Europe went parabolic in such a fashion, that it is hard to imagine the pressures will continue, especially as we are half way through the winter and demand for NatGas will go down… naturally. Everyone is slowly moving to other sources of energy, and this could be potentially why oil keeps going higher, while Natural gas both in the US & Europe got cheaper. The difference between NatGas prices in Europe and US is stark as European prices are insanely higher, so at the moment it looks like prices in the US could appreciate significantly, while in Europe they could chop for a bit and then start going down in the spring. To sum up the energy outlook, higher energy prices are actually likely in the short term, so they could push the Fed even more to raise rates, but in the medium to long term we could see Oil go back down to 50-60$ before it shoots up again. Let’s now close with the major metals, Gold and Copper. Gold had started rallying since Sep 2018, when bond yields started coming down while the Fed was hiking rates. Then it kept rallying and in August 2020 in made new ATHs and broke the 2000$ mark. At that point everyone thought Gold would go to 3000-5000$ due to the Fed doing QE and keep interest rates low. Little did they know, as the Fed doesn’t print money and Gold was the biggest proof that the inflation in 2021 wasn’t really caused by fiscal or monetary policy. Some could say that gold had rallied enough, buy the rumor sell the news, the crypto stole its thunder and so on... and although these might have played a role, they still don’t explain how gold hasn’t really moved for more than a year. Now as real rates are going higher, Gold could go down significantly, something confirmed by technical analysis as it is looking pretty weak. It failed miserably to get back above its ATHs and that failed ATH breakout seems to have been a bull trap. On its chart vs the USD we can see 2 major areas with some double/triple/quadruple bottoms that are ready to be broken, as well as the 1300-1400 breakout zone that was never retested. At the moment it is still holding and there is hope for Gold, so maybe investors betting on a policy error is what could revive gold from here. Breaking and closing below the current diagonal support would be bearish, but closing below 1670 would be very bearish. Until it closes above 1940, we remain neutral/bearish. Copper had a really huge rally from its March 2020 lows, one that was bigger than that of Gold, despite the fact that it took Copper about 9 extra months to break its ATHs. Some interesting facts are that Copper essentially had no pullbacks for months, but like Gold, once it broke above its ATHs it fell back down and chopping right below its ATHs. This could be yet another example as to how a drop in production, as well as increased demand due to Copper usage in the ‘green revolution’, were able to make Copper skyrocket. However, someone could attribute this and the rise of other commodities to speculation, in a similar fashion like in the aftermath of the GFC. We have a major shock; markets have a massive dump, the Fed starts talking about printing money, everyone panics and starts speculating on commodities, and all that while several producers have gone offline. Once the supply and demand imbalances start clearing out, once speculative money stops running in and the government/Fed stimulus runs out, markets roll over. Of course, back then China played a major role in the rise of some commodities, but now even them, the world’s largest producer seems to have slowed down. The second largest economy in the world is in big trouble, and there is no way this doesn’t affect the rest of the world heavily. Again, Copper has some interesting dynamics, and is also affected by ESG mandates, as the ‘green advocates’ are fighting against oil or copper producers because mining is damaging the environment, yet they actually need those things to build the tools to facilitate the green revolution. When it comes to comparing Gold’s and Copper’s charts, it is clear that Copper looks a lot more bullish than Gold. Both of them are sitting below their 2011 ATHs, though Copper is sitting above its 2006-2008 highs and somebody could call its consolidation since May bullish. It does look a bit like a penant, so a close above 5% could send the price to 8-9$. However, in the case of major turbulence in the macro environment, it could dump and head down to 3-3.7$.
TVC:USOIL
by BitcoinMacro
45
HG1! (COPPER) STILL IN A TRIANGLEHG1! (COPPER) is still making a triangle on the primary degree 4th wave. We will finish the triangle around 61.8% or 78.6% of Fibonacci. The 78.6% area is also a trend-line support zone. With the high chance, we will rebound from the trend-line area. Wave E can take further time to develop. DISCLOSURE - Please be informed that the information I provide is not a trading recommendation or investment advice. All of my work is for educational purposes only. All labeling and wave count have been done by me manually and I will keep changing according to the LIVE MARKET PRICE ACTION. So don't bias, hope on my trade plans. Try to learn Elliott Wave or other strategies and make your own strategy. Following is not that much easy. I am not responsible for any losses if u took the trade according to my trade plans. #HG #HG1! #COPPER
COMEX:HG1!
by anantadhungana