Copper is facing bullish pressure, potential for further upside Price is facing bullish pressure from our first support and ascending trend line and we could see a further push up to test our first resistance target at 3.800.
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.
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
Copper is approaching support, potential bounce Price is facing bullish pressure from our first support and ascending trend line and we could see a further push up to test our first resistance target at 3.800.
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.
Copper is facing bullish pressure, potential for further upsidePrice is facing bullish pressure from our first support and we could see a further push up to test our first resistance target at 3.800.
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
Copper is facing bullish pressure, potential for further upsidePrice is facing bullish pressure from our first support and a break above our upside confirmation level would see a further rise up to our first resistance target.
Gold/Copper Ratio - LONG; BUY it uo!This one is likely to rally like never before!
Here is the Dialy chart
Copper is facing bullish pressure, potential for further upside Price is facing bullish pressure from our first support and a break above our upside confirmation level would see a further rise up to our first resistance target.
Barrick Gold Corp.Bullish Cup and Handle Pattern
I expect a big green 3 Month Candle with a minimum 31 $ target for Q1 2021
Sell Copper
Target 602/601
Below 600 Target towards 598/595 for short term.
Main stop Loss at 609
* I just shared my view. Please trade with your own and comfortable ideas.*
Short copper as RSI and MACD are very high on a weekly chartCopper looks overbought after a 80 % rise since march. Time to sell?
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.
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
Copper will hit a new all time highI am bullish for this one. The triangle is ugly but I think it is an accumulation zone. Thus, a new all time high will not be surprise in 2021 and beyond.
Copper is facing bullish pressure, potential for further upside Price is facing bullish pressure from our first support and a break above our upside confirmation level could provide the bullish acceleration to our first resistance target. Stochastic and Ichimoku cloud are showing signs of bullish pressure as well, in line with our bullish bias.
Copper........ In a NutShellrange and trading channels defined
Keep checking comments section for more details
Like... Follow... Share....
COPPER Don't miss the 2 year bull runA very important long-term pattern was just formed on Copper. On the 1M time-frame, the MA50 (blue line) and the MA100 (green line) have formed a Golden Cross. Last time that happened was in August 2004. Copper rose by +370% from the MA100 break-out level.
The Cycle seems to be repeated as the Golden Cross has come after the price Double Bottomed last March (2020). Same with the November 2001 Double Bottom. Additionally, the LMACD is replicating the exact same sequence.
For me Copper is a dip buy action on every 1M candle from now on.
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
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Copper is approaching support, potential bouncePrice is approaching our first support where we could see a further rise up towards our first resistance. It is worth noting that the price is still holding above the ascending trendline and Stochastic is facing bullish pressure from our support at 8.18 as well, in line with our bullish bias.
Copper is approaching support, potential bounce Price is facing bullish pressure from our first support where we could see a further rise up towards our first resistance. It is worth noting that the price is still holding above the ascending trendline and Stochastic is facing bullish pressure from our support at 8.18 as well, in line with our bullish bias.
#MCX Copper Moment SellMoment Targets 608/607.50
607 has good support for buying.
Below 607 flow seems to 606/605
Main Stop Loss at 612
