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Copper

COPX - Evergrande Fall-OutBearish sentiment building for copper and other metals/commodities from Evergrande debacle in China and copper prices were down sharply this past week. COPX weekly chart closed outside the longer-term (march 2020) regression channel for the 2nd time in the last few weeks also printing a bearish engulfing candle indicating potential for more near-term down. Initial downside target bottom of the current regression channel at the 1.618 fib. COPX is currently setting atop the mid-line of the nearer-term regression channel and has volume support in this area and may briefly bounce. Not financial advice.
AMEX:COPXShort
by Akksujean
COPPER best time to buy now. 2 year rally ahead.This is COPPER on the 1W time-frame. I've made this idea to show to long-term investors why the metal is currently on the most optimal buy levels ahead of a two-year rally. As you see, the price has been rising since the August pull-back. Not only is it posting a recovery but the August low happened almost on the 1W MA50 (blue trend-line), which has been the markets major Support since the June 2020 bullish break-out. The pattern bears strong resemblance with the 2004 fractal. As you see both Cycles made a Double Bottom, which initiated the rally, a 1W Golden Cross was formed along the way and when the price hit the Resistance of the previous Cycle High, it made the first substantial correction/ pull-back. In both cases, the 1W MA50 held and then a 1 year Channel Up followed supported by the 1W MA50, which eventually paved the way for the final parabolic rally. The RSI sequences are also quite similar. It is obvious the Copper is replicating the previous Bull Cycle and since the 1W MA50 held so emphatically, it is most likely the most optimal level to buy on the long-term. ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> Vergnes --------------------------------------------------------------------------------------------------------
COMEX:HG1!Long
by TradingShot
6
Copper Wyckoff distribution idea!Hello my beauties. The arrows don't reflect an accurate prediction of what the price will do, just a rough idea of the areas that I'm expecting the price to move towards. For all the ones that have taken the trade already, good job! Copper has just entered a phase of distribution and I want to profit from it while it's rangebound. I will be long until the price reaches above the Buying Climax (BC). If you find this idea to be helpful like, follow, and drop a comment below if you'd want me to analyse a different pair. Consider supporting me if you think I am providing you with value. Peace. Luca, TrickleDownFX
COMEX:HG1!Long
by TrickleDownFX
HG1! Daily TimeframeSNIPER STRATEGY This magical strategy works like a clock on almost any charts Although I have to say it can’t predict pullbacks, so I do not suggest this strategy for leverage trading. It will not give you the whole wave like any other strategy out there but it will give you huge part of the wave. The best timeframe for this strategy is Daily, Weekly and Monthly however it can work any timeframe above three minutes. Start believing in this strategy because it will reward believers with huge profit. There is a lot more about this strategy. It can predict and also it can give you almost exact buy or sell time on the spot. I am developing it even more so stay tuned and start to follow me for more signals and forecasts.
COMEX:HG1!Long
by hadimozayan
COPPER (XCU/USD) – Week 37 – Uptrend to continue.Copper respected last week's report and broke the correction top. In the coming days, we anticipate the pair to make small higher-lows and reach the resistance area. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
OANDA:XCUUSDLong
by financialflagship
10
Copper The pullback in copper ended up being a three wave rise wherein it retraced slightly more than 61.8% retracement in international copper chart of wave Y. This opens up the possibility of one more leg to the down move in the form of wave Z. Overall look Retracement levels in copper international chart MCX chart retracement Weekly macd bearish Daily macd below zero line and down tick Rsi in Weekly down tick Rsi in daily down tick Dmi adx also Negative Below middle bollinger band Disclaimer I am not sebi registered analyst My studies are Educational purpose only Consult with your Financial advisor before trading or investing
MCX:COPPER1!Short
by RK_Chaarts
COPPER (XCU/USD) – Week 36 – Preparing for another bullish wave.Copper respected last week's report and made a small pullback. In the coming days, we anticipate the pair to continue the uptrend and eventually break the top. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
OANDA:XCUUSDLong
by financialflagship
18
COPPER broadening-wedges-ascendingHello Welcome to this analysis about COPPER, we are looking at daily timeframe perspectives. COPPER is developing here that will be a decisive factor in the upcoming times. I discovered the main formation COPPER is developing here that will be a decisive factor in the upcoming times. As when looking at my chart now we can watch there how COPPER has emerged with this key broadening-wedges-ascending formation marked in my chart with the black boundaries. COPPER is near SUPPORT region which is an important support and also psychological support-mark together with the lower boundary of the broadening-wedges-ascending formation a pullback In this manner, thank you for watching my update-analysis about COPPER and its major broadening-wedges-ascending-formation with the determining factors we need to consider in upcoming times, support the analysis with a like and follow or comment for more market insight!
FX:COPPERLong
by shanechart
3
COPPER (XCU/USD) – Week 35 – Bullish move to continue.Copper started the bullish trend that we forecasted last week and it slightly broke the trendline. In the coming days, we anticipate the pair to make a small pullback and continue the uptrend and eventually break the top. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
OANDA:XCUUSDLong
by financialflagship
14
Copper prices may turn lower after re-testing former supportCopper prices are retesting support-turned-resistance in the 4.26-4.45 zone, marked by the intersection of a six-month inflection area, the uptrend from the Covid-induced March 2020 low, and a neckline support from early March. Signs of indecision in the daily candlestick structure and negative divergence on short-term momentum studies warn of topping. In all, the setup suggests that a corrective upswing following a major bearish breakout has run its course, with the emerging downtrend aiming to reassert itself in the near term. The first major layer of support lines up near the 4.00 figure. Fed-speak at the Jackson Hole symposium - particularly the speech from Chair Powell - may emerge as the catalyst for weakness. A measured-move projection implies a move below 3.40 may ultimately materialize.
COMEX:HG1!
by IlyaSpivak
Copper into JacksonCopper: Market Commentary 23.08.2021 A couple of points to note here; we ticked the 161.8% extension which was our third wave target in our previous copper chart at the beginning of 2021. It always comes down to the same situation; an impulsive complex which can be called sound, but which has one sickly component. As we head into Jackson, according to the long term wave count we have the following two charts which distinguish the five wave sequence: So now buyers are a point up after sweeping the highs, they are in a position to take profits over the coming months and quarters and bring together their own herd again at 3.33x lowest play the fifth wave inside of our major third wave. So far we have done a good job of shepherding the flows in copper as all has been predicable on the technical side; here looking for 3.33x before a slingshot towards 5.50xx in 2023.
COMEX:HG1!Short
by ridethepig
1
COPPER (XCU/USD) – Week 34 – Ready to go up.Copper made a new low inside the correction, bouncing off the support level and reversing. In the coming days, we anticipate the pair to make a small pullback and reach the orange trendline, as the consolidation seems to be completed. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
OANDA:XCUUSDLong
by financialflagship
10
Commodities giving a heads up??I do track the DBB and DBC on the side, and particularly over the weekly charts. Something I want to highlight is that the charts are beginning to signal something ominous, as the equiy markets are defying gravity. The DBB (Base Metals ETF) and DBC (Commodity Index Tracking ETF) both need to be bullish as a proxy lead indicator for equities. This is observed in June 2020, after the pandemic onset shock, when both had a system buy signal that set a long term trend. Given that, it is currently noted that the DBB ETF clocked a lower high, and a system sell signal triggered. The DBC has a double top and a long bearish candle that looks good to break a trend. So when base metals and overall commodities do not do well, the general market sentiment is either not healthy or not sustainable. The next few weeks would be critical... Heads up!
AMEX:DBBShort
by Auguraltrader