R-00149 Commodity Future Sell COPPER AUG @504.6-504.8 SL 507.10Intraday Commodity Future Sell COPPER AUG @504.6-504.8 SL 507.10 TGT 500.80
MACD cross over + TK line indicates bearish trend so go short for the intraday.
Coppersell
Copper Futures (HG1!) DailyDates in the future with the greatest probability for a price high or price low
Copper Futures (HG1!) MonthlyDates in the future with the greatest probability for a rice high or price low
Copper Breaks DowntrendCopper seemingly has broken its downtrend, with the presence of a strong linear regression uptrend on the daily chart (0.86) this upward movement will likely continue.
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.
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Copper - Correction not overAfter the wave X, which ran from January 2016 to December 2017, copper should now finish the correction phase with a wave (Z). However, this should accompany copper until the first quarter of 2019. As a result, copperproducers are more likely to let off steam on the bottom in the coming months when this scenario arrives.
Copper Commodity FuturesAfter wave (A) completes long the abc move up and then shift to a short position to play the wave (C) down.
Copper, another leg up?Copper broke the range it was trapped in on Friday, and I've been long via IVN.TO for roughly a month now.
I'll be buying any dips or retests of the previous range.
As soon as we touch sub 4.50 for IVN i'll be buying.
-Healthy RSI, MACD crossing up on the 1D.
Inspired by Technician's idea for short i took a look at copperTook a look at copper, target and criticals are in the chart. Will wait for retest upper MLH before i enter (or, alternatively for zoom and retest of old (grey) median) . Stop would ideally be above pivot.
Target 1: bottom channel,
target 2 base WRB,
target 3 downsloping median.
