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Copperreport

POSSIBLE HEAD AND SHOULDERS FORMATION IN COPPER CUUCopper looks to be forming a head and shoulders pattern here which should break to the downside and as you know from my past publishes, targets are outlined in yellow. Might want to take a look at commodities, as formations there looking like a break back down, e. g. crude oil looking go likely revisit mid to lower $40s. HELPFUL VIDEOS TO TEACH YOU: www.youtube.com www.youtube.com DISCLAIMER; Do set stop losses when trading but be generous with how much room you allow for this due to candle wicks and there is also the possibility to hedge yourself, for more confident traders. All comments and questions welcome, if curious about indicators I use then feel free to inquire. IF YOU SUPPORT IDEAS, DO LIKE, FOLLOW & SHARE. ~ THANKS! ~
OANDA:XCUUSD
by Dani0
1
Good confirmation of long on Copper:Copper Finally showing some good movement. I have re-opened my copper position and will also be looking to get into some BUY positions on the AUD side. The reason I say it is confirmed now is that it broke back above the 50 day MA, it's above the 50 RSI and the MACD (looks like) it wants to start heading into positive territory. The only thing to watch is the stochastic, it looks like it may want to embed, or it may be saying that we are looking at sideways movement for a while on this next run up.
OANDA:XCUUSDLong
by ChrisAbdey
Neutral on Copper for right now - but ready to get long: I am neutral on copper for right this second, but I am getting ready to get long on copper in the next few trading sessions. It looks like she wants to break off the 9 day MA and the Aussie Dollar is showing some strength (just went long AUDJPY) and this suggests perhaps copper will be getting ready to make a comeback. Since contracts expired yesterday it does look like buyers want to get back in the game. I am essentially waiting for a clear break / crossover of the MACD for confirmation. When I do go long, I will be setting SL for 2.4000
OANDA:XCUUSD
by ChrisAbdey
Copper breaking down Copper (19.05.2015) finally providing some directional momentum after spending more than 3 weeks in range. Now copper is trading around $2.8626 & as we can see on charts , after spending more than 10 trading session , finally copper providing a downside breakout with aggressive volume. The reversal coming in copper is from 61.8% fibonacci retracement level as well as very close to the top line of long descending channel . Below $2.8398 mark we may witness more weakness in prices. On fundamental side , upcoming FOMC meeting on Wednesday could provide hint for a rate increase & thus may support dollar price while hurt the base metal sector. China still not performing well in respect to economic data. copper Based on above studies, we prefer to stay on sell for possible levels around $2.80 followed by 2.7050 in coming trading session. Note - Above technical analysis is not a buy/ sell recommendation. Email us at mantracommodity@yahoo.com MCX levels -> S2(393) S1(401.80) cmp(407) R1(409.70) R2(416.50) More reports @ www.mantracommodity.blogspot.in
FX:COPPERShort
by mantracommodity
1
Copper reversal aheadCopper (19.8.14) traded lower as per expectation & reach to the support zone. Now copper is trading around 6913 of lme & as we can see on charts, copper provided a false breakout below the lower tradeline of the ascending channel.However it was able to bounce in over night electrinic trading. The bouncing area was well supported by the 61.8% feb correction of the last bull wave as well as representing a parallel support from mid june 2014. RSI recovering on day charts while on 4h overcoming 50 mark. On fundamental side , continue improving data from US might start supporting commodities as well as in this week fed meeting is pending & expecting interest rates to keep on life time low for some more time. Based on above studies, copper has major probability of reversal & reach to possible levels 6970-7058 in coming trading session. Note - above view is based on technical studies & do not represent our buy-sell recommendation For recommendations call 088890 34986
FX:COPPERLong
by mantracommodity