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Copper

COPPER LOOKS BEARISH ON INTRA-DAY - Elliott waveWe are tracking a big impulse to the downside, from the 4.58 lvl. on COPPER. Red waves 1 and 2 are completed, so current price action from 26th of January can be a big wave 3 in the making, with its five-wave substructure, and can target the Fib. ratio of 1.618, where support can be seen. Intra-day price activity suggests a minor correction in action (iv), which can look for resistance at the fib. ratio of 0.382/0.5, from where a final leg lower for a sub-wave iii of 3 may show up.
CAPITALCOM:COPPER
by Gravity33
Bargain hunters go shopping into tech and support US IndexesMorning Jumpstart Macro View and US market recap 31-01-22 US ended the week with a bang as bargain hunters went shopping to support the broader US market. Tech was again the favoured stocks which lifted the SP500 while the DOW lagged the enthusiasm. There may be some end of month window dressing on the cards also which may have provided some support. For a deeper look at the price action, key levels and what I see playing out...watch the video and feel free to leave any comments. View more at www.tradethestructure.com
CBOT:ZB1!
by TradeTheStructure
2
GOLD: A run to $2K? Looks bullish right?As the DOW, S&P, and NASDAQ begin to shake up, it is expected that investors will park capital in GOLD. However, gold has historically under performed leading up to the Feds decision on interest rates. In the short-term, I think GOLD will re-test the $1500 area. A clear bullish pennant can be seen as of now, but I will wait for the pattern to develop more before adding to my position. (The monthly MA100 is at $1444.01) __________________________________________________________________________ - A bullish pennant indicates an upward continuation in price ;)
TVC:GOLD
by TTECH
Sell COPPER As a basic observation in The Monthly chart of copper Futures (HG1) . Copper reached during the last year it's highest levels since 2011 breaking its all time high . As a result of the high demand from china in 2020 and the lower production from the miners in Chile and Peru . In the other hand the Chart has shown selling configuration .There's a high probability that the prices might visit the 4.7 level before it starts dropping down and visit some of the lowest levels passing by $3.5 - $3 as first target in the next few month and if the price breaks down this level then the target will be $2.5 , and there is a lot of fundamental reasons . -Lately the Li Keqiang Index has dropped down as sign of china's Industrial situation . and as known the high correlation between Copper and the Li Keqiang and it lower the demand on copper in 2022 . -Chile started rising its production rate so this will affect the supply in the market . -The US federal Bank has been declared that they will rise The Interest rate by the end of March and it will affect all industrial and technological sectors.
COMEX:HG1!Short
by ossamaouadih
6
BULL ANALYSIS (Wyckoff Reaccumulation) - COPPER (HG1!) - 1DWHAT WE HAVE Daily Wyckoff Reaccumulation pattern Monthly / weekly linear up trend Bull monthly channel (waiting for contact with resistance) WHAT I THINK One of the best view we can see here for a reaccumulation and continuation setup. This isn't a signal for entry on market for the moment but here we have the context. Should we expect a spring ? No, I don't think so, volumes decrease during all the reaccumulation, furthermore creek have been already jumped. So I will more expect a retest of the creek support. With a signal in it, it should be a nice entry spot, but if you prefer wait for a spring and doesn't happen, don't jump in market desperately. You will have to wait signal on the last point of support after SOS like I will do if we don't have signal around the creek support. It's always frustrating to buy the top of the range but it's always better to enter in a strategy pattern than on emotional reaction. What should we target if plans happens ? First target should be the top of the monthly channel with profit taking. Before that always secure your losses to breakeven. If you enter around creek support or on a spring, it's important to be breakeven at the moment you see the SOS appears (it's not fool to take profit on it too). Market can always reject the price and go down again to the support or even worse go for a more deep consolidation. After that, if we reach the top of the channel : if you see short signals on it, close your position ; if we break it, just let run your profits to higher targets. Macro economically we have a good setup to see the materials sector growth, we are in an up trend on every higher timeframe, we have continuation pattern, stars are aligned to see nice move in this way. Like I say frequently : "Making money in trading is math and respect of strategy, so never let your emotions guide you in uncomfortable positions" . Here we have probabilities and strategy so don't let your emotions guide you and follow your plans. PS : Apologize for my english, I do my best. I wish you all success you need for 2022, on every side !
COMEX:HG1!Long
by Kentg
8
Commodities - What are they and how do they work?This article is continuation to the series of educational articles on basic fundamentals in regards to particular asset classes. If you have not read our previous article on stocks, feel welcome to do so: In order to read the article click on the chart above. Commodities are basic goods used in commerce that are interchangeable with other goods of the same type. They are usually refined or used for production of other goods. Commodities can be traded privately or on public market exchange where they must meet specified minimum standards like quality, weight, type, etc. They are great speculative investments which tend to be ruled by cycles and interaction between supply and demand. Classification of commodities In order to distinguish between particular characteristics of each group, commodities can be categorized according to their type and origin. Commodities that are mined or extracted are called hard commodities (oil, gold, silver, etc.) while commodities that are grown are called soft commodities (wheat, rice, livestock, etc.). Though, commodities can be sorted even further into smaller sub-categories. For example, metals can be divided into industrial metals (copper, nickel, iron, etc.) and precious metals (silver, gold and platinum). Additionally, the agricultural sector can be divided into livestock and grains; and the energy sector can be divided into oil, coal and natural gas. Other commodity sectors can be subcategorized in the similar fashion. Raw materials Primary commodities which are unprocessed and serve as input for production of other goods are also called raw materials. Raw materials involve, for example, crude oil, copper, iron, wheat and corn. Commodities exchanges include: Asia Pacific Exchange (APEX) - Singapore Chicago Board of Trade (CBOT) - United States Chicago Mercantile Exchange (CME) - United States Dalian Commodity Exchange (DCE) - China London Metal Exchange (LME) - United Kingdom National Commodity Exchange Limited (NCEL) - United States New York Mercantile Exchange (NYMEX) - United States Shanghai Gold Exchange (SGEX) - China Correlation Some commodities tend to show correlation with other assets. Such correlation can be positive or negative. Positive correlation means that two assets behave in a similar way. For example, when gold rises then mining stocks rise as well. Contrary to that, negative correlation describes such behavior in which assets move in the opposite direction to each other. For example, when USD/EUR rises then gold in USD tends to decline. Illustration 1.01 Illustration above shows the monthly chart of USOIL. It also shows USDEUR (orange line). Negative correlation between these two assets is observable. When USDEUR falls then USOIL tends to rise. Participants, spot market and derivatives market Commodities are great anti-inflationary assets which are often sought by producers and speculators alike. Producers tend to use commodities with purpose to hedge their risk; furthermore, they often demand delivery of physical goods. Speculators, instead, try to exploit volatile price movements in commodities with the goal to profit from it. Commodities can be bought and sold through the spot market or derivatives market. Spot market simply means buying or selling cash positions while derivatives market involves investing in futures, options, ETFs, etc. Seasonality Some commodities are prone to seasonal cycles which means that they tend to show the same or very similar behavior based on a particular calendar season. For example, in some countries, production of a certain crop may vary during the wet season and drought season. Similarly, heating prices tend to increase during the harsh winter as opposed to during the hot summer. Concept of seasonality is also applicable to commercial and industrial trends. DISCLAIMER: This content serves solely educational purposes.
OANDA:XAUUSDEducation
by Tradersweekly
7
FIRST QUANTUM MINERALS - LONG TERM BULLISHFirst Quantum Minerals shows an interesting long term chart pattern. On lower timeframes, FM completed its corrective wave (2) at 50% of the fib retracement and price has broken the terminus of wave (1). This provides confirmation that an impulsive wave (3) in now occurring and we could expect the next target levels. 1. CAD$ 58/share 2. CAD$ 74.45 Disclaimer: This technical analysis is intended for educational purposes only and must not be taken as investment advice.
TSX:FMLong
by Timgucci
5
Copper XCU/USD (It is melting UP) View On Copper XCU/USD (25 Nov 2021) Copper is good UP gradually and the main momentum is in the LONG side. As a trader we shall stick with the main trend, while we scout for the best possible entry, As long as the price of Copper doesn't go below $390 again, it is a better bet to be on the buy side. It shall retest $460 soon. $485 and $500 will be the next. DYODD, all the best and read the disclaimer too. Feel Free to "Follow", press "LIKE" "Comment". Thank You! Legal Risk Disclosure: Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor. DISCLAIMER: Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice. Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
XLong
by SonicDeejay
HG ( COPPER ) MAKING A TRIANGLEHG ( COPPER ) making a triangle on a Primary degree 4th. We are on a D wave of the triangle. Most probably we finish A wave of D wave as a preferred count (Projected by the black line) and we are coming down to making a B wave. On another side of the analysis as an alternative (projected by the red line)we are on an A wave and we are going upside a little bit and we finish the A wave then we will come for a B wave. Copper take more time to finish the triangle and after that, we can see a new high on an HG for primary degree 5th. 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 #COPPER
COMEX:HG1!
by anantadhungana
3
HG1! - Copper and CornersSo, is this what means: A market is cornered? ;-) OK...let's get serious...they observe us hehe... The very old top acts as a perfect resistance. Now, focus on the white pitchfork. The market overshooted the U-MLH (upper line). This is a huge stretch. In fact, if the power where there, price had to go to the next extension of the Pitchfork. But so far it mised it (HAGOPIAN) and it's just dancing on the U-MLH. What does this mean? It means, that a) the potential to take off is still in place b) the market could tank very hard and reaching at least the white centerline. The extended version of a target is simply the grey centerline. Anything else? Jep, Santa is comming! §8-)
COMEX:HG1!
by Tr8dingN3rd