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Coppershort

Copper breaks channel base and slips below 200-DMA, stay shortCopper is extending weakness after break below 200-DMA at 3.0317. The pair has shown a decisive breach at channel base support in the previous week's trade. Price action is down 0.79% on the day, with the day's high capped at 3.00 handle. The pair has slipped below 23.6% Fib retrace of 1.936 to 3.320 rally and has hit lowest since Oct 3rd. Technical indicators are highly bearish and we see scope for test of 38.2% Fib at 2.791. On the flipside, retrace and close above 200-DMA invalidates bearish bias. Support levels - 2.890 (Sept 22 low), 2.873 (Aug 15 low), 2.791 (38.2% Fib) Resistance levels - 3.0 (23.6% Fib), 3.014 (5-DMA), 3.031 (200-DMA) Good to go short on rallies around 2.960/975, SL: 3.0, TP: 2.90/ 2.890/ 2.875/ 2.790
FX:COPPERShort
by FxWirePro
Copper can break 3,0250. Risk for possibly 17% movement. Will Copper go long or short?. When the Copper price breaks 3,0250 or 3,223 an 17% movement is expected. The chart can bounce back when the top or bottom price gets touched, the pattern is horizontal now. But WHEN IT BREAKS it will make a movement of probably 17% (always in parts).... So I hold my breath when we reach 3,0250. After years of studying, learning and practicing I have developed a way of trading which can provide an profit every month by trading cfd's. The strategy I learned from an visionair is 'Cycle trading' and I have developed this further and made it my own. How do I decide to open a position or not? First I analyse: - sentiment on the market > are people in buy mode or short mode - I have some own created indicators, some I show in my charts, as; is the trend horizontal / uptrend or downtrend or volatile. - and this own indicators tell me when probably a new long position starts or a new short > these are the positions where I place my orders! one of the indicators I use here to help me is the Fibonacci sequence. - and again other own created indicators tell me how far long or short it probably goes. The take profit and stop loss positions are Other positions than the resistances in the market! Here I work with 'the total expected possible profit' and an percentage from this total opportunity where I mostly close the trade to be safe. And that's not all at all. Also I check if the opportunity is interesting, by analyzing the charts and when I can make the conclusion that when I should open an certain trade and the possible profit would be 2/3rd of the amount you can possibly lose. So, in bad case lose 100 dollar and best case win 300 dollar it is worth the try! losing these kind of trades, I see as an investment on the possible loss. Stop loss needs to be tight here. Patience is everything, we’ll wait for the right moment! Sometimes we are in huge loss, before we end the month in good profit. This is all part of the game. Without trading positions which we lose, we could never win more than we lose. Losing orders is investing in the knowledge to trade the right one to earn money. Thank you for following and Succes with trading ! and please check my main TradingView account! When you like my ideas, please follow me, so you don't miss my analyses and my 'status updates' ! Richard from Rich.Exclusive.Trading
OANDA:XCUUSD
by Rich_Exclusive_Trading
Copper when break 3,223 or 3,0250 17% movement expected.Will Copper go long or short?. When the Copper price breaks 3,223 or 3,0250 an 17% movement is expected. The chart can bounce back when the top or bottom price gets touched, the pattern is horizontal now. But WHEN IT BREAKS it will make a movement of probably 17% (always in parts).... After years of studying, learning and practicing I have developed a way of trading which can provide an profit every month by trading cfd's. The strategy I learned from an visionair is 'Cycle trading' and I have developed this further and made it my own. How do I decide to open a position or not? First I analyse: - sentiment on the market > are people in buy mode or short mode - I have some own created indicators, some I show in my charts, as; is the trend horizontal / uptrend or downtrend or volatile. - and this own indicators tell me when probably a new long position starts or a new short > these are the positions where I place my orders! one of the indicators I use here to help me is the Fibonacci sequence. - and again other own created indicators tell me how far long or short it probably goes. The take profit and stop loss positions are Other positions than the resistances in the market! Here I work with 'the total expected possible profit' and an percentage from this total opportunity where I mostly close the trade to be safe. And that's not all at all. Also I check if the opportunity is interesting, by analyzing the charts and when I can make the conclusion that when I should open an certain trade and the possible profit would be 2/3rd of the amount you can possibly lose. So, in bad case lose 100 dollar and best case win 300 dollar it is worth the try! losing these kind of trades, I see as an investment on the possible loss. Stop loss needs to be tight here. Patience is everything, we’ll wait for the right moment! Sometimes we are in huge loss, before we end the month in good profit. This is all part of the game. Without trading positions which we lose, we could never win more than we lose. Losing orders is investing in the knowledge to trade the right one to earn money. Thank you for following and Succes with trading ! and please check my main TradingView account! When you like my ideas, please follow me, so you don't miss my analyses and my 'status updates' ! Richard from Rich.Exclusive.Trading
OANDA:XCUUSD
by Rich_Exclusive_Trading
Copper possible long. Horizontal now. Breakpoint decidesCopper will possibly go long. The chart moves Horizontal now. Breakpoint decides if we go long, short or wait. My strategy is to never trade on volatile markets. You will lose your money when you do! Just like last week, when came up unexpected volatility at oil, and we lost two trades. The won position a day before was at a steady market. Well, one of my other strategies is that trades are only interesting and ‘safe’ to open when: you can possibly lose 1/3rd of the possible profit. So; when you set the indicators after analysing resistances, and you can lose 100 but win 300, it is worth the try! Now, I see a opportunity on Copper. The chart is horizontal and the lower horizontal resistance is almost touched. Time to go to the middle again and possibly to the top resistance. How do I decide to open a position or not? First I analyse: - sentiment on the market > are people in buy mode or short mode - I have some own created indicators - and this own indicators tell me If a new long position starts or a new short > these are the positions where I place my orders! - and again other own created indicators tell me how far long or short it probably goes. The take profit and stop loss positions are Other positions than the resistances in the market! And that is Why I win more than I lose. Patience is everything, we’ll wait for the right moment! Most of the times the sentiment changes on Monday! Thank you for following and Succes with trading ! Richard from Rich.Exclusive.Trading
OANDA:XCUUSDLong
by Rich_Exclusive_Trading
Copper Short CallingGiven that copper prices have climbed to an almost all time high as well as the past positive and negative correlations, a long is still profitable. However, a short where you buy and sell until 1st quarter of 2018 has a much better potential for gains. Also looking at the bollinger bands, this is still profitable but not as profitable as other things you could invest in. This is more of an overall conservative strategy to make some returns but not ones that are significant.
OANDA:XCUUSDShort
by gamer456148
Copper breaks 20-DMA, bias lower, stay short below 50-DMACopper slips below daily Ichimoku cloud, intraday bias bearish. Price action has broken below 20-DMA at 3.1064 and is currently holding above 50-DMA at 3.0804. Technical indicators are turning bearish. Stochs are on the verge of a rollover from ovebought levels. RSI has taken a turn lower, is now biased south and has slipped below 50 levels. We see strong support at 50-DMA at 3.0802, break below to see further weakness. Support levels - 3.0802 (50-DMA), 3.0632 (cloud base), 3.05 (trendline) Resistance levels - 3.1059 (20-DMA), 3.1142 (cloud top), 3.1345 (5-DMA) Good to go short on break below 50-DMA at 3.08, SL: 3.10, TP: 3.060/ 3.050/ 3.030.
FX:COPPERShort
by FxWirePro
Copper holds 50-DMA support, short break belowCopper is trading largely unchanged on the day, retraces from lows of 3.065. Price action has taken support at 50-DMA at 3.067, we expect weakness to resume on break below. We notice Doji formation at lows on daily charts which calls for caution. Technical studies however support downside in the pair and we would recommend short position below 50-DMA. Technical indicators on weekly charts have also turned bearish, Stochs and RSI have rolled over from overbought levels and biased lower. Break below 50-DMA raises scope for test of 100-DMA at 2.9422. Bearish invalidation on break above 20-DMA at 3.1487. Support levels - 3.067 (50-DMA), 3.010 (Oct 9 low), 2.9422 (100-DMA) Resistance levels - 3.115 (5-DMA), 3.149 (20-DMA), 3.182 (Nov 1 high) Short break below 50-DMA, SL: 3.120, TP: 3.010/ 2.940
FX:COPPERShort
by FxWirePro
Copper finds strong support at 2.675, good to short break belowCopper edges lower from fresh 3-month highs at 2.717. The pair finds strong support at 2.675 (converged 5-DMA and trendline), weakness only on break below. Technical studies are bearish on 4 Hour charts, RSI and Stochs have rolled over from overbought levels and MACD is showing a bearish crossover on signal line. Break below 2.675 could see drag till 2.634 (1H 200-SMA). On the flipside, break above 2.717 required for further upside. 2.737 (Feb 1st high) is next bull target. Support levels - 2.675 (converged 5-DMA and trendline), 2.655 (June 29 low), 2.634 (1H 200-SMA) Resistance levels - 2.70 (1H 20-SMA), 2.717 (June 30 high), 2.737 (Feb 1st high) Good to go short on break below 2.675, SL: 2.70, TP: 2.655/ 2.634
FX:COPPERShort
by FxWirePro
Potential Breakdown in Copper FuturesCopper Futures are flirting with their support level at 2.5775, so today I'm watching to see if they break that support line, and more importantly, I will look to see what happens Thursday to see if there is confirmation of the trend. We could just as easily see Copper fall below the support line, just to bounce right back up on a false breakdown. That's why I prefer to wait a day after the initial breakdown. In terms of risk - reward, this isn't the best play as of right now. You're looking at 1.69:1 ratio, however, that does include a smaller target profit right at the 200 MA. I would begin to take profits at this range, bring my stops in tighter, and extend my profit target zones to the 2.26 zone, which presents next support level. All the best, Brandon
COMEX:HG1!Short
by BrandonBeylo