The price is falling towards the support level which is a pullback support that aligns with the 23.6% Fibonacci retracement and could potentially bounce from this level to our take profit. Entry: 4.5146 Why we like it: There is a pullback support that aligns with the 23.6% Fibonacci retracement. Stop loss: 4.4253 Why we like it: There is a pullback support level...
H1 - Bullish trend pattern Higher Highs Currently it looks like a pullback is happening Until the strong support zone holds my short term view remains bullish here.
Natural gas has no bullish momentum in the near term. Each pop gets faded. Prior day low needs t ohold or we take the next candle down. We re approaching a key zone very quickly. I am looking for a capitulation bar down.
Copper retraced back to the 50%-61,7% Fibonacci retrace levels. An old trader I used to know called this the ambush zone, meaning it's a popular zone for a bounce or a pullback, depending if you're working off a low or a high. Interesting area to watch. No position.
hey guys, Yearly inside Bar - possible continuation of uptrend. 4.6400 is THE level to break on a Yearly close. Quarterly: Bearish Candles with a long wick. --> Setup is Bearish Monthly: A shooting star with a bearish Engulfing Candle. Stochastics Bearish -> at a yearly Key Level. This confirms the Quarterly Bearish Bias … Bearish Setup: Sell at a valid...
Pair : Copper CU Description : Bearish Channel as an Corrective Pattern in Long Time Frame Break of Structure Demand Zone RSI - Divergence CHoCH Falling Wedge in Short Time Frame
Copper is known as the electrifying metal. Copper's warm glow and durable spirit, copper wires the heart of many a machine. This reddish rarity has been super bullish in the recent past but less so now. That doesn't make it less investable. Just that nuanced investing approach is called for. Outlook for copper has become mixed once more, with near term demand...
Pair : CU - Copper Description : Completed " 12345 " Impulsive Waves Falling Wedge as an Corrective Pattern in Short Time Frame Break of Structure RSI - Divergence Demand Zone
After hitting record highs in May, Copper has pulled back and heads towards a losing month, challenging critical tech levels. It has slipped below the EMA200 (black line), into the daily Ichimoku cloud and tests the 38.2% Fibonacci of the advance fromthe 2022 lows. This exposes it to 4.196, but sustained weakness does not look easy, technically nor...
Price is currently breaking out of a resistance level which is an overlap resistance and could potentially rise our take profit. Entry: 4.4291 Why we like it: There is an overlap resistance level. Stop loss: 4.3607 Why we like it: There is a pullback support level. Take profit: 4.5416 Why we like it: There is a pullback resistance level which aligns with the...
Price is currently on a support level which is a pullback support and could potentially rise to our take profit. Entry: 4.4291 Why we like it: There is a pullback support level. Stop loss: 4.3607 Why we like it: There is a pullback support level which aligns with the 127.2% Fibonacci extension. Take profit: 4.5824 Why we like it: There is an overlap resistance...
Pair : CU - Copper Description : Bearish Channel as an Corrective Pattern in Long Time Frame RSI - Divergence Break of Structure Completed " 12345 " Impulsive Waves Consolidation Phase in Short Time Frame
Pair : CU - COPPER Description : Falling Wedge as an corrective Pattern in Short Time Frame RSI - Divergence Break of Structure Demand Zone Completed " 12345 " Impulsive Waves
The commodity has registered a notable pullback from last month’s record highs and has now moved below the pivotal EMA200 (black line) and 38.2% Fibonacci of this year’s advance. This pauses the bullish momentum and exposes Copper to the ascending trend line from the 2024 low and the daily Ichimoku Cloud. However, this region could contain the correction and...
Last time we looked at Copper (HG1!), we established our long-term strategy (April 19, see chart below), which involves a new Bull Cycle, through a Channel Up pattern similar to 2020 - 2021: So far the plan goes flawlessly, as the price hit the top of the (green) Channel Up and is now pulling back. The 1W MA50 is about to complete a Golden Cross with the 1W...
Pair : CU - Copper Description : Break of Structure Consolidation Phase in Short Time Frame RSI - Divergence Demand Zone Completed " 12345 " Impulsive Waves
Hedge fund manager Pierre Andurand predicts that copper prices could surge to $40,000 per tonne in the coming years due to soaring demand. Currently priced at around $11,000 per tonne, copper has already seen a 20% increase this year. The demand is driven by the electrification of various sectors, including electric vehicles, renewable energy sources, military...
Copper has had a monster run to the upside. Its clearly going to affect aspects in the economy by applying upward pressure on inflation and downward pressure on home builders and construction. Copper surging shows resilience in the global economy but simultaneously high copper prices could cure this rushing demand. Copper technicals are screaming a pullback,...