POSITIONAL LONG VIEW IN #COPPER MCX BO RE - TETS CMP 738 & 50 DMPOSITIONAL LONG VIEW IN #COPPER MCX BO RE - TETS CMP 738 & 50 DMA 738 65 HOLD CONTINUOUS 2 DAYS
MCX COPPER @ 742
STOP LOSS 725 ON CLBS
TARGET 750 762 772 781 793 712 +++ NEW HIGH
Copper
COPPER (XCU/USD) – Week 23 – Bullish sentiment to return.In our previous analysis, we expected Copper to resume the bullish trend. Instead, the price started to fall, reaching the support area.
In this context, we expect the price to make another attempt and break the top. We will wait for a trendline breakout and a small pullback to act as a confirmation.
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.
Northern Dynasty Minerals - H4Northern Dynasty Minerals Ltd. (TSX:NDM)(NYSE American:NAK)
About Northern Dynasty Minerals Ltd.
Northern Dynasty is a mineral exploration and development company based in Vancouver, Canada. Northern Dynasty's principal asset, owned through its wholly owned Alaska-based U.S. subsidiary, Pebble Limited Partnership, is a 100% interest in a contiguous block of 2,402 mineral claims in southwest Alaska, including the Pebble deposit, located 200 miles from Anchorage and 125 miles from Bristol Bay. The Pebble Partnership is the proponent of the Pebble Project, an initiative to develop one of the world's most important mineral resources.
Copper Trend intactCopper has a strong uptrend with a stair-step behavior.
With pent-up demand for semi-conductors, copper mining has been increasing to help suppliers.
For in depth analysis, please check my last charts on CPER.
COPPERI love Copper. Using the Fib tool you can see some market structure that gives up promising target points.
Are we entering a commodity super-cycle?Definition of a commodity super-cycle:
Commodity super cycles are decade-long periods in which commodities trade above their long-term price trend.
Technical Analysis:
Using a weekly candlestick to see the bigger picture.
DBC is breaking out of a 10 year long downtrend.
On Balance Volume is supportive, as it is also breaking higher, reaching levels from a decade before.
We are breaking and testing $18.5, which is a very long-term resistance; now potentially turning into support.
This is a long-term setup.
R1, R2 and R3 are potential targets to take some profits.
Fundamental factors:
Weakening dollar
Supportive central banks
Fiscal stimulus geared for infrastructure spending
Pent-up demand once as global economies re-open.
Government and private companies increasingly pledging carbon reduction measures.
Inflation ticking higher, as the Fed is taking a new approach of waiting, rather than anticipating, as it has done in the past.
🏛COPPER SWING ANALYSIS|LONG🚀
🏛COPPER is trading in an uptrend in a rising channel
And as you can see on the chart number 1
The metal broke the pervious all time high with ease on the daily
But then retraced back below the level
While staying inside the rising channel
All of the above paints a mixed picture
But until the channel gets broken,I will remain bullish
But further growth will depend on the coppers ability to fix itself above the key level
If it fails to do so, we will see a bearish breakout eventually
And the price will go down to the nearest support
LONG🚀
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Copper to silver ratioUpdate on my Dr Copper to Dr Silver ratio.
Starting to look more true (I expected a reversal to the downside). Again, it doesn't mean #copper performs poorly, it just means #silver is going to out-perform. I still expect copper miners to obviously keep up. See second chart.
Copper 4 hour. Cleared for long setups on lower timeframes.I think non-stock / non-treasury futures instruments are still trading on Memorial Day, but I will find out for sure tomorrow.
If they are copper looks to be in an excellent position to consider long opportunities on the lower timeframes.
BEWARE IMPORTANT COPPER PRICE LEVEL - HG1! - COPPER - DAILYThank you for your likes and comments! Really appreciated! This is an idea about Copper price, not a financial advice.
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The HG1! Copper Futures have been continuously rising... almost a year.
We realized that summer is coming and that this market have been beating all the selling power trying to bring it down of slower it>
How long is it going to last?
The blue lines represent the channel that the price is following. Being at the top of this channel and seeing a possible strong signal of a pullback, the probability of seeing the market profile change has risen.
The volume involved where huge but will it again beat it and keep going up further?
The next step down is probably at the dotted red horizontal line. Some other "super volumes" interventions happened in that past at that price level.
For a day traders, this is probably something to keep an eye on> For a longer term trader, lowering the exposition is probably smart at this price level. Reentering step by step after this level is passed or when the deep happens.
COPPER (XCU/USD) – Week 22 – New top on the cards.In our previous analysis, we expected Copper to test the support level before resuming the bullish trend. Instead, the price started the bullish move without testing the support level.
In this context, we expect a pullback to occur around the orange trendline that will act as a trigger for a bullish move that will break the previous high.
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.
Building power after IPO paper dumpNice early entry for this silver/copper/gold speculation. Low downside risk
COPPER (XCU/USD) – Week 21 – Targeting the support.In our previous analysis, we expect Copper to start a bullish move and break the top. Instead, the price has fallen into a deeper correction.
In this context, in the coming days, we are expecting a slight price increase towards the resistance area, before making another drop, having a chance to reach the support.
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.
FCX on commodities/copper againConsidering how this has played out in the past and the current economic environment, we continue to pick our spots to go long copper.
Not the best R ratio but as usual we can make it better once in profit by moving TP up and SL to Breakeven.
Price action on #Copper $HG The narrative around copper is very compelling.
1) $5T of Government spending in the next 10 years for renewable energy development
2) Electric cars
3) Miners underinvestment in recent years
What this says to me is the simple fundamentals from miners...limited supply would be enough to extend this commodity bull cycle.
Beyond that...we have car manufacturers making bold moves to have a majority of their fleets electric within the next 10 years.
European and California carbon credits markets are becoming more developed...producing incentives for companies to move towards greener technologies. Whether you agree with the politics of it or not...it is happening.
And massive government spending on renewable energy.
What does all this green stuff have to do with copper?
All these need copper...and lots of it!
With just experiences a 50% retracement from the May 21st high of 4.5815 and made a double top with divergent RSI this morning.
Zooming in we can see some impulsive buying around the $4.5 area.
The long term trend in copper looks very promising.
Could it go lower? Of course...but today's price action has me watching very closely.
NAK 4hr - May 2021Breaking out of the falling wedge pattern. First target at the 50% fib retrace level of $0.81 with a potential to retest the lower-high trendline near $1.04.
Copper futures breaks resistance levelCopper prices breaks resistance level after over a decade. Reason for this is Copper has responded to China’s industrial growth and global manufactured goods demand. Idea originated from CME and Goldman Sachs Exchange podcast - Copper is the new oil.
SCCO - wedge breakout and retest. Small risk buy opportunityNYSE:SCCO We can see a wedge breakout on heavy volume, small decline and retest. Probably, it is a second chance to enter long on this price level.
