Copper Daily; Still a Massive SHORT! - And has been since ...... since this post:
and this post:
and this post:
... and so on.
Many of you asked "what is our single largest current position?". That's easy: Short Copper. (and WTI Crude)
Coppershort
Copper is approaching resistance, potential reversal!Price is facing bearish pressure from our first resistance, in line with our 50% fibonacci retracement, horizontal pullback resistance and 127.2% fibonacci extension where we could see a reversal below this level. Our 20 period EMA and Ichimoku cloud are showing signs of bearish pressure as well.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks
Copper Buy / Sell Based on FIBO / GANN Buy at 523.60 stop loss 522.50 Target 525.50 / 526.50
Sell at 527.80 Stop loss 529.30 Target 526.50 / 525.50
which ever entry triggers first then go that side and leave the other view
Fibonacci and Gann always rocks support us follow us and research with us
Copper is facing bearish pressure, potential reversal!Price is facing bullish pressure from our first resistance where we could see a reversal below this level to our first support level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks
Copper is facing bullish pressure, potential bounce! Price is facing bullish pressure from our first support in line with our ascending trend line, horizontal swing low support, 127.2%, 61.8% fibonacci extension and 61.8% fibonacci retracement where we could see a bounce above this level to our first resistance level. Stochastic is approaching support as well.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks
Copper is testing support, potential bounce! Price is facing bullish pressure from our first support in line with our ascending trend line, horizontal swing low support, 1.272% fibonacci extension and 61.8% fibonacci retracement where we could see a bounce above this level to our first resistance level. Stochastic is approaching support as well.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks
Copper could see a pullback to test support Price is facing bearish pressure from our first resistance in line with our 78.6% fibonacci extension and 127.2% fibonacci retracement where we could see a reversal below this level. Stochastic is facing bearish pressure from our resistance as well.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks
COPPER NEW ATH OR FALL BACK DOWN?Hi Again,
I am analysing, preparing for a new week. I always tend to do this on a sunday afternoon. Beware this is not an advice. I don't often trade copper but when i do i always have a good trade. I only step into this commodity when i am really really sure about it to earn some side $. Only small pieces.
Last weeks it moved more than Gold/Silver. It even reached a new ATH. Will it reach a new ATH this week/month? That's my question and nobody can answer it...only time will tell. No crystal ball stories here...
Personally i think it will retest a new ATH and then fall back, see the charts where i can set my targets to the downside. I will open a sell if it hits a new ATH. I will definitely not open a new buy since it is too much risk for me.
Good luck and safe trading everyone!
Copper is facing bullish pressure, potential for further upside Price is facing bullish pressure where a clear break of our upside confirmation level could provide the bullish acceleration to our first resistance target. Ichiomku cloud is also showing signs of bullish pressure in line with our bullish bias.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks
Copper bounced from (Intermediate) support, potential for a furtCopper bounced off support at 2.98025 where it could potentially rise further to 3.02015.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks
Copper Buy / Sell Based on FIBO / Gann - INTRADAYAs per my analysis copper is on sell so,
Sell at 530.50 and stop loss at 531.60 and expected targets 527.10 / 523.70
Fibonacci and Gann always rocks follow us , support us , research with us
Copper is approaching support, potential bouncePrice is facing bullish pressure from our Ichimoku cloud where a break above our upside confirmation level could provide the bullish acceleration to our first resistance target at 3.09717
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks
Copper broke resistance, potential for further bounce! Copper broke its descending resistance trend line and is facing bullish pressure from our Ichimoku cloud and EMA where a break above our upside resistance could see a push up to our first resistance target at 3.09717
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks
Copper is facing bearish pressure from resistance! Copper is approaching our resistance at 3.00544 where it could potentially drop further to 2.88732.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Copper remains under bearish pressureCopper reversed off its resistance at 3.03006 where it could potentially drop further to 2.97316.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Copper approaching resistance, potential drop!Copper reversed off its resistance at 3.01222 where it could potentially drop further to 2.93563. A break below our downside confirmation level could provide the bearish acceleration to our first support target.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Copper is facing bullish pressure, potential for further upside Copper is approaching 3.00712 where it could potentially rise further to 3.09457. A break above our intermediate resistance level at 3.06076 could provide the bullish acceleration to our first resistance target.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Copper broke key support level, potential for further dropPrice broke a key support level previously and is facing bearish pressure from our 20 period EMA, Ichimoku cloud and descending trend line, where we could see a drop to our first support target.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks
Copper; SHORT (of the Century!)Start looking to bet the farm here SHORT because copper is starting to cough up blood
and it is going to 1.000 before this is all over!!
Copper bounced from support, potential for a further upside! Copper bounced off 2.97794 where it could potentially rise further to 3.03947.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks
Copper bounced from support, potential for further rise! Copper bounced off 2.97794 where it could potentially rise further to 3.03947.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks
Gold to climb from upside confirmation, potential bounce!Gold to climb from its upside confirmation at 2016.43 where it could potentially bounce further to 2070.73.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
