Get started

Copper

Can SILVER BREAKOUT above 32.50?Silver (along with every other beaten down commodity) exploded on the news of China's stimulus! Unfortunately for silver bugs "somebody" was lying in wait with a mighty big hammer when it poked its head above 32.50. In a vacuum the fundamentals (supply/demand) are incredibly bullish. However in the macro context of China's housing and economic woes there is a bear case to be made for base and industrial metals. If Copper starts rolling over I expect Silver to follow. Raw cash injections might keep Chinese stocks afloat but I do not believe it alter the reality of the real economy and its effect on commodities. In addition to the issues with China, the US is at serious risk of a recession. 50 basis point cut has never been bullish. If you take the time to look at the last initial 50 basis point cuts it might curb your enthusiasm. I know... this time "its different" TECHNICALS: Silver may retrace to the $30 breakout level.... Great re-entry... if it holds... ( ; If Silver is able to hold above 32.50 the rally remains intact.
COMEX:SI1!Short
by TheSilverOracle
COPPER Bottomed Out: Long Opportunity!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 the coming week. It looks like the low may be in on this one. COMEX:HG1!
COMEX:HG1!Long
by ZelfTrade
Copper is Next to Move, Why?Copper is next to move because the Chinese consumers may be coming back. In last December's tutorial, we discussed how Gold was breaking above $2K and set to move higher, which it did. In April, we anticipated that Silver would soon catch up, and it did as well. Now, I believe Copper will be next, not just based on technical but also on fundamentals. Micro Copper Futures Ticker: MHG Minimum fluctuation: 0.0005 per pound = $1.25 Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
COMEX:HG1!Long
by konhow
1
Sentiment: Option Traders Take Bearish Bets on Silver and CopperNegative option flows were found for two metals at the same time: silver and copper. Portfolios that want prices to fall appeared at the same time as the market is growing, which is interesting. The positions are quite large, but they cannot be called "Insider positions", so we will be careful with forecasts. Of course, we need chart confirmation that agrees with the sentiment in options. Option traders like to flip trends too, so we need more signals. If you're long right now, though, that's something to consider. Like I said, option trades in Silver and Copper are significant.
FOREXCOM:XAGUSDShort
by ClashChartsTeam
Copper 1D Long – Targeting 0.5-0.6 Fibonacci LevelsCopper 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 previous resistance areas, making them key targets for this move. • Trendline Breakout: The price has broken through a descending trendline, signaling a potential shift in momentum to the upside. • Retest Expectation: We might see a retest of the breakout level before the price resumes its upward movement. Trade Setup: • Entry: Enter a long position on a potential retest or near the current level, anticipating further upward movement. • Target: The primary targets are the 4.5000 to 4.7000 range, which aligns with the 0.5-0.6 Fibonacci levels. • Stop-Loss: Remember, this is a swing trade, so it could take a few days to potentially extend to weeks. It’s important to understand this trading style and adjust your position size accordingly to accommodate the longer timeframe and potential market fluctuations. This Copper trade leverages a potential shift in trend with clear targets and risk management strategies. Keep an eye on the retest for a better entry, and stay focused on the price action as it develops. Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
VANTAGE:COPPERLong
by AR33_
7
Copper Gets Double Boost from China Stimulus & Fed Jumbo CutThe Fed’s outsized pivot last week and guidance for multiple cuts ahead helped copper’s recovery, as it increases chances of a soft landing for the worlds largest economy. Furthermore, lower rates are expected to bring mortgages down and help the real estate market. Copper got a second boost this week, from a massive monetary stimulus package from China - the world’s top consumer. Authorities have been enhancing their efforts to prop the sputtering economy recently and the new measures constitute a step up. Crucially, these include lower mortgage rates on existing home loans and a reduction in rates for second homes, in further support for the ailing property sector. These developments lead copper towards a third straight profitable week and the best month since April, with bulls now getting the opportunity to tackle 4.700. Along with the return of AI euphoria that drives the rebound of the chip industry (where copper is a critical component), there are prospects for further gains. On the other hand, the Fed’s frontloading creates risk for inflation persistence and less cuts in the future, while China’s actions are in the right direction, but bolder measures are needed on the fiscal front. Furthermore, the move looks stretched technically so a pullback towards the EMA200 (black line) would not be unreasonable. However, the downside appears well protected and sustained weakness below the EMA200 looks hard. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 62% of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (trading as “FXCM” or “FXCM EU”) (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 59% of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763). Please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed via FXCM`s website: Stratos Markets Limited clients please see: www.fxcm.com Stratos Europe Ltd clients please see: www.fxcm.com Stratos Trading Pty. Limited clients please see: www.fxcm.com Stratos Global LLC clients please see: www.fxcm.com Past Performance is not an indicator of future results.
FX:COPPERLong
by FXCM
Vale S.A. is riding the wave of optimism as the Brazilian stockVale S.A. is riding the wave of optimism as the Brazilian stock market rebounds, buoyed by China's economic stimulus and rising iron ore prices. Vale S.A. has emerged as a frontrunner in the recent upswing of the Brazilian stock market, with shares soaring over 4.5% thanks to an increase in iron ore prices driven by renewed demand from China. As the world's largest iron ore exporter, Vale stands to benefit significantly from China's stimulus measures aimed at revitalizing its economy. This positive momentum underscores Vale's vital role in Brazil's economy, reflecting broader trends in the commodities sector and showcasing investor confidence in the company's future performance amid ongoing global challenges. Rewards Price-To-Earnings ratio (5.3x) is below the BR market (9.9x) Trading at good value compared to peers and industry Analysts in good agreement that stock price will rise by 29% Risk Analysis Earnings are forecast to decline by an average of 4.8% per year for the next 3 years Dividend of 11.58% is not well covered by free cash flows
NYSE:VALELong
by Maximus20000
1
Can Rio Tinto Save the Day? The Looming Mining Supply CrisisAs the world races towards a greener future, a critical challenge looms on the horizon: a looming supply shortage for essential energy-transition metals, particularly copper. This shortage, if left unchecked, could jeopardize our ambitious plans for a sustainable future. Rio Tinto, a global mining behemoth, has sounded the alarm, urging the industry to expand mining operations to meet the escalating demand. The company's chairman, Dominic Barton, has dismissed the notion that mergers and acquisitions alone can solve this crisis. He insists that organic growth, involving the discovery and development of new mines, is the only viable path forward. The urgency of this situation cannot be overstated. The demand for copper, a vital component in electric vehicles and renewable energy infrastructure, is set to skyrocket in the coming decades. Failure to secure adequate supplies of this critical metal could hinder our progress towards a sustainable and electrified world. Rio Tinto's leadership in the mining industry is undeniable. Their proactive stance on addressing the supply crisis is commendable, and their commitment to organic growth and exploration for critical minerals demonstrates their dedication to the cause. However, even with the efforts of industry giants like Rio Tinto, the road ahead is fraught with challenges. The Chinese economy, a major player in the global mining landscape, is currently facing its own difficulties. While Barton remains optimistic about China's ability to overcome these challenges, their current economic state could further exacerbate the supply crisis. As the world grapples with the pressing issue of climate change, the mining industry must rise to the occasion. The time for complacency is over. It is imperative that we invest in exploration, expand mining operations, and secure the critical resources needed to power a sustainable future. The stakes are high, and the world is watching. Can Rio Tinto and the mining industry save the day?
NYSE:RIOShort
by signalmastermind
Copper Supported by the Fed’s Jumbo CutAfter May’s record peak, copper prices slumped as demand optimism went away due to US and China economic fears, EV adoption slowdown and AI euphoria giving way to skepticism. However, copper staged a rebound, as China has been stepping up its effort to prop the economy, while AI optimism returned recently lifting tech and chip-making sectors. Furthermore US recession fears were quelled after the Fed slashed rates by a jumbo 0.5% last week and pointed to aggressive easing ahead, in what could be a boon for the property sectors where copper is used heavily. These forces have helped the non-ferrous metal regain control above the EMA200, providing the launch pad for reclaiming the 4.500 handle. This would bring the summer high in the spotlight (4.700), although this level has a higher degree of difficulty. On the other hand, the Fed’s frontloading creates risk of renewed inflation pressures that could lead to a shallower easing path, while China economic problems persist and the real estate sector remains in distress. Copper starts the current week on the back foot, unable to capitalize on its recent bounce. This sustains risk of sub-EMA200 moves that would pause the momentum, but the downside contains many buffers and prolonged weakness does not look easy, technically nor fundamentally. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 62% of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (trading as “FXCM” or “FXCM EU”) (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 59% of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763). Please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed via FXCM`s website: Stratos Markets Limited clients please see: www.fxcm.com Stratos Europe Ltd clients please see: www.fxcm.com Stratos Trading Pty. Limited clients please see: www.fxcm.com Stratos Global LLC clients please see: www.fxcm.com Past Performance is not an indicator of future results.
FX:COPPERLong
by FXCM
1
Bullish momentum to extend?COPPER is falling towards the support level which is a pullback support that align with the 23.6% Fibonacci retracement and could bounce from this level to our take profit. Entry: 4.2646 Why we like it: There is a pullback support level that aligns with the 23.6% Fibonacci retracement. Stop loss: 4.2003 Why we like it: There is an overlap support level that lines up with the 38.2% Fibonacci retracement. Take profit: 4.3858 Why we like it: There is a pullback resistance level that lines up with the 138.2% Fibonacci extension. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
VANTAGE:COPPERLong
by VantageMarkets
The ART of sitting ON YOUR HANDSI 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 truth is however that nobody knows. As Ray Dalio says, "He who lives by the crystal ball will eat shattered glass" The next few weeks will provide a challenge for market timers and speculators. I expect plenty of whipsaw and broken hearts before a trend is established (bullish or bearish). I am waiting for a break of 29.83 to become a Bull and enter Long I am waiting for a break of 26.67 to become a Bear (a big one) and enter Short I strongly recommend waiting for a daily close over these levels before getting to comfortable unless you are prepared to keep a tight stop and run for the hills if either of these breaks turn out to be a trap. Until then this range (in between the two levels will provide plenty of juicy scalping opportunities for cowboys like myself. I am using the .382 Fib level 28.10 (derived from the Oct 23 Low to the High in May 24) as my guiding light and BABB (Bullish above Bearish below) in the interim with TPs at my key break levels. They will be formidable resistance/support zones until broken and proven otherwise. Happy trading!
COMEX:SI1!
by TheSilverOracle
Smart Money Positioned to LONG Copper - COT StrategyDISCLAIMER: 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 Daily timeframe. COT Commercial Index: Buy Sentiment: Advisors very bearish is actually...bullish. OI Analysis: Multi week down move has seen OI decrease drastically while Commercials have added to longs = bullish. Valuation: Undervalued vs Gold & Treasuries Bullish Spread Divergence Supplementary Indicators: Acc/Dist & %R Remember, this is not a "Long Now" idea. These indicators are not timing tools. They simply tell us that this market could have a move of some significance to the upside, which we will participate in with a confirmed Daily trend change to the upside. Good luck & good trading.
COMEX:HGZ2024Long
by Tradius_Trades
SILVER'S TIME to TAKE BREATHER 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 potential given recessionary woes (industrial applications). Seasonal and Election: Looking back Sept-Oct are typically down months for metals. Technicals: The price is now up against heavy supply zone and major $30 psychological level. There is a head and shoulders pattern (4r) forming inside of a much larger head and shoulders pattern (2day) (See previous post). At the moment the price has failed to pop back up above the 4hr MA. It may recover. However, I will be selling into strength inside of the the supply zone with a stop on a 2day close above the $30.50 level. Fed Thoughts: The market has all but priced in a rate cut at this point. Every movement this year has been predicated on them (despite never materializing). I am of the belief that the cut itself will be a selling event regardless of whether or not we get a short lived rally. Expression: Given that I am skeptical on equities and bearish Silver I will be shorting SILJ given that it has a history of outperforming to the downside on Silver draw downs. In addition, the upside/risk is limited (as much as it can be haha). Major funds are not investing in juniors. They have and will put capital into majors like GOLD and NEM if metals continue to push higher. In addition, miners are not experiencing the upward pressure that Gold and Silver have because central banks and foreign buyers (the reason for the rally in metals) are NOT buying miners, they are buying physical metal. PAAS is also a strong short candidate. It is a basket case (major earnings miss) and will outperform to the downside.
VANTAGE:XAGUSDShort
by TheSilverOracle
2
COPPER Rejected on the 1D MA50. Will it rebound or break lower?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 on the other hand the price breaks below 3.800 and the Higher Lows (dotted) trend-line, we will take the loss on the buy and sell, targeting 3.3500 (top of 2 year Support Zone). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
COMEX:HG1!
by TradingShot
1
Bearish reversal?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 level that aligns with the 78.6% Fibonacci retracement. Take profit: 4.1250 Why we like it: There is a pullback support level. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
VANTAGE:COPPERShort
by VantageMarkets