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Copper

$5: Copper Aiming for New ATH One of the best looking and yet under-rated commodities chart has to be of COPPER. I know Gold and Silver bugs don't usually get strayed with non-precious metals but technicals are surely juicy if you are able to take a multi year position. My guess is it will be early 2023 when we break through the new ATH. Notice the divergence of price and OBV + a successful 'price action' breakout in the last 3 months. Wait for another 3 months to absolutely confirm the pattern and then off you go. Even the last two volume candles are strong (>=MA) which shows consolidation under place.
COMEX:HG1!Long
by BitcoinWiser
2
Here it is #RioTinto #RIO #tradingview @RioTinto #mining #goldWho would have thought it?! Rio Tinto is faster than the police or the Söder allows. The shares simply do not respect the boundaries of the restrictions and cross the borders. That is forbidden, after all in Germany. In this case, Rio Tinto is making a statement with a new all-time high and thus for me an superior ongoing wave 3. With 4.8% p.a. Dividend yield one is also made happy at the moment. So everyone can get through the storm. Greetings from Hanover Stefan Bode
ASX:RIOLong
by StefanBode
2
COPX and COPPER - Miners Upside into MarchMiners (COPX) rising daily channel (blue) tops out the Monthly (Grey), coinciding with fib levels (previously respected). The window shown in purple is the current max price target and timeframe for summer volatility, where an intermediate decline is expected before resumption in the fall after the window closes. This timing thesis is my personal favorite (calendar day-wise) for sale (March-end) and re-buy (August end/September). Constructive criticism welcomed.
AMEX:COPX
by ptero1492
Copper = Industry (also a hedging opportunity)There is a direct correlation between the S&P 500 and copper performance and they generally move in the same direction. Copper is much more closely aligned with global growth and demand, so if the global economy is expanding then demand for copper should increase. In other words, if the stock markets correct or crash the price should drop (now at resistance) If the stock markets rise more, then very simply Copper will follow. Hedging idea : 60% Platinum buy (over it's resistance), 40% copper sell (under it's support). Compound the winner gradually and follow the indices movement. ps. the indices are most likely correcting, not crashing at this stage
COMEX:HG1!
by FX_Professor
Copper futures forecast.This is not a trading advice idea and you should only follow this with caution or just for your own personal interest in cycles and Gann theory. This post is made by me to test the methods of forecasting I obtained from long studies of the subject. If you will follow this idea and observe the copper market and the forecast will turn out +- 1 trading day right at each arrow date - it has worked and I will continue to post such posts. Thanks in advance. *Futures trading involves a substantial risk of loss and is not suitable for all investors.
COMEX:HG1!
by CSInvestment
Nova Royalty Corp, copper and nickel royalties for EV boomI like the macro setup for this new copper and nickel royalty company. I'm in at $2.78 with a stop loss at $3.04. Experienced management and board members from Metalla Royalty & Streaming (NYSE: MTA, TSX-V: MTA) Copper and nickel are both expected to be in critical deficits by 2025 or sooner Annual nickel demand from EV batteries is expected to grow 20x by 2030 Royalty companies are a great business (e.g., gold royalty companies outperform gold and gold mining companies) Peter Schiff mentioned Nova Royalty is one of his largest personal holdings on his podcast Here's their latest investor presentation: www.novaroyalty.com
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by jfornear
2