HGK2021. Bullish recently, now hesitancy at prev high.I believe in you copper. You are a very good metal. But, are you overpriced? Hard to say.
Copper
Copper prices are approaching support, potential bounceCopper prices are facing bullish pressure from our first support in line with our 38.2% fibonacci retracement and 78.6% fibonacci extension where we could see a bounce above this level. Ichimoku cloud and EMA are showing signs of bullish pressure, in line with our bullish bias.
Copper prices are facing bullish pressure, further upside! Copper prices are facing bullish pressure from our first support in line with our 38.2% fibonacci retracement and 78.6% fibonacci extension where we could see a bounce above this level. Ichimoku cloud and EMA are showing signs of bullish pressure, in line with our bullish bias.
Descending Channel for QC Copper & Gold?It appears as though QCCU is trading in a descending channel, if the bottom support is lost then be very cautious.
On the KST there's been a bearish cross where I have placed the red downward pointing finger.
The DMI is showing a bearish cross where the red line has crossed over the blue in an upward motion, I have placed red finger icons as some other similar previous examples. Keep an eye on the DMI because it's possible the blue line crosses over the red and orange in an upward motion this week if there's going to be a bullish reaction off of the bottom of the descending channel pattern.
The dark red line on the chart represents the baseline of potentially a descending triangle or bullish flag formation, when viewing from a longer-term time perspective than a 6-month chart it becomes more apparent.
This chart is done on a log scale, I will link another chart done differently.
If this was a descending triangle or potentially a bullish flag the baseline of support has been lost.
COPPER Buy SignalPattern: Fibonacci Channel on 1D.
Signal: Buy as the price rebounded on the 1D MA50.
Target: The 1.5 Fibonacci extension level (low-risk) or the 2.0 Fibonacci level (high-risk).
Previous COPPER signal:
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$FCX PutNot a top priority play but potential is there. Looking at $FCX PUTs due the decreasing bullish volume and that it has rejected off this area before. Will be looking at how copper is doing in the morning before market opens. This will most likely be a day trade if I get in since earnings are this week.
Copper - SHORT; SELL it!! Long-term SHORTThis is a (very) long-term SHORT!
The long-term picture - the Monthly;
Copper prices are approaching support, potential bounce Copper prices are approaching our first support in line with our 50% fibonacci retracement and 78.6% fibonacci extension where we could see a bounce above this level. Ichimoku cloud and EMA are showing signs of bullish pressure, in line with our bullish bias.
DEX Ascending Triangle.Duke Exploartion Limited (ASX:DEX) is an exploration company focusing on Copper, Gold and Silver discoveries in Queensland and New South Wales AUS. Duke's 100% owned flagship project is the Bundarra tenement EPM 26499. A fully funded exploration work program aims to drill out a maiden resource by mid-2021 at the Mt Flora prospect within the larger Bundarra tenement.
There are 2 TA scenarios currently IMO
Bullish:
- Ascending Triangle forming against daily Resistance.
- MACD Bullish cross anticipated
- RSI above 50.00 and broken short term downtrend
- Fundamental news due within 2 months
- Broken 20 MA Bullish
- Targets for Ascending Triangle completion are levels of Former Resistance which also are very close to Trend Based Fib Extension Levels.
Bearish:
If we fail the Ascending Triangle price will retest Uptrend and Break, then we should see MACD Bearish aswell as RSI below the 50.00 trending Bearish. Most likely we will see a retest of Former Support @.30
"DISCLAIMER: NO ADVICE. The information presented here is general in nature and is for education purposes only. Nothing should be considered to be advice. You should consult with an appropriate professional for specific advice tailored to your situation."
COPPER (XCU/USD) – Week 15 – Expecting the price to drop.Last week, Copper continued to lack volatility and moved sideways the whole week.
In the coming days, we expect the price to start falling and finish this complex correction, reaching the liquidity pool area that we highlighted on the chart.
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.
Copper bullish biasPossible technical scenarios for copper to reach 4.3 in the next week. Stop-loss at 4.0
SellPlease consider proper support and resistance levels and trade with stop loss.
*Disclaimer: Herewith I just shares my view. Please trade with your own and comfortable views.
Copper prices are facing bullish pressure, potential bounce Copper prices are facing bullish pressure from our first support in line with our 50% fibonacci retracement and 78.6% fibonacci extension where we could see a bounce above this level. Ichimoku cloud and EMA are showing signs of bullish pressure, in line with our bullish bias.
Copper prices are facing bullish pressureCopper prices are facing bullish pressure from our first support in line with our 61.8% fibonacci retracement and 100% fibonacci extension where we could see a bounce above this level.
Copper prices are facing bullish pressure, potential bounce Copper prices are facing bullish pressure from our first support in line with our 78.6% fibonacci retracement and 100% fibonacci extension where we could see a bounce above this level. Stochastic is testing our support at 7.55 as well where we could see a bounce above this level.
The case for CopperI don't normally invest in metals, but I am making an exception for copper. The price of copper cannot go down in the near future for two main reasons:
1. Supply and demand
2. Inflation/Economic Strain
The supply and demand side looks like this:
There are three principle users of copper currently, they are:
Electric component/part manufacturers (think copper wire)
Plumbing component manufacturers (copper pipes and fittings)
Industrial alloy manufacturers
The economic strain caused by inflation and poor monetary policy cannot be overlooked. At the same time that Copper is becoming harder to find in abundance cheaply, the underlying economies which support these mining efforts is undergoing what I see as a fundamental shift. To expand on this, consider the raw indicators of inflation (not the falsified Government provided ones). A quick review of the World Bank's "Pink Sheet" list of commodity prices *globally* reflects this issue.
I recommend a starter position on Copper to the up-side. Copper is a very slow moving instrument, so you will likely find better returns elsewhere, but this is one metal which has historically been needed and with the push for electric vehicles, and new power generation technologies, demand alone will cause the price of copper to appreciate over the years to come.
Pinksheet list (remove spaces): https: //www.world bank.org/en/ research/commodity- markets
🐂 Freeport FCX inflation trade - Bullish flagHi mates NYSE:FCX is perfect setup for long in bullish flag
here is data for my trade:
------------------------Trade setup ---------------------------
Entry: 33.80
Stop Loss: 32.45
Profit target: 43.60
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Copper prices are approaching support, potential bounce Copper prices are approaching our first support in line with our 78.6% fibonacci retracement and 100% fibonacci extension where we could see a bounce above this level. Stochastic is testing our support at 7.55 as well where we could see a bounce above this level.
Copper prices are testing support, potential bounce Copper prices are testing our first support in line with our 50% fibonacci retracement and 78.6% fibonacci extension where we could see a bounce above this level. Stochastic is showing signs of bullish pressure as well, in line with our bullish bias.
Copper prices are approaching support, potential bounce
Copper prices are testing our first support in line with our 38.2% fibonacci retracement and 100% fibonacci extension where we could see a bounce above this level. Ichimoku cloud is showing signs of bullish pressure as well, in line with our bullish bias.
