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CUUUSD

Copper. Multi-year correction is over. Target 1.94Copper was doing good during last two years as it rallied from sub-2 to above-3 levels. But the structure is corrective so the wave C finished the correction being equal to wave A by size. Then we saw a breakdown below the white support this March. After that there was a healthy pullback, which was rather menacing as it almost broke the earlier top but failed just one cent ahead keeping the whole structure intact. So the support at the 2.94 level is crucial as it already rejected the drop once before. Watch it to be broken before further meltdown could occur in the copper market. The minimum target is at the previous major low at the 1.94. What is sad about it - copper means economy, weak copper means weak economy...again?
FX:COPPERShort
by aibek
2
Copper Rally - Wyckoff Analysis 5D TF - LONG - $CUUClassic Wyckoff setup. So good. 5-year downtrend led to a Selling Climax, which was followed by and Automatic Rally. Accumulation period was 1 year. Spring and Secondary Test followed to start the new rally. Signs of Strength and LPS combo = rally "A series of SOS’s and LPS’s is good evidence that a bottom is in place and Price Markup has begun." The rally has started. #BTFD, buy the dips, unload/reload at pull backs at own risk. Targets: Fib levels displayed on chart. If fractals play out, it is a slow and steady climb up for the next 2-3 years. If $copper breaks all resistance levels, it could ignite a an intense move upwards before correcting long term. Note: Copper leads the way for Gold and Silver (lagging the most). This is the pattern $Silver will eventually show after accumulation. Copper is used in industrial infrastructure. China is a big player due to economic reasons. Automotive demand forecast by the International Copper Association: copperalliance.org Electric cars Battery manufacturing $CCU $Copper $XAG $Silver
CLong
by MoonPickle
EPA approval & Partnership news within 2017--> very BULLISHAMEX:NAK TSX:NDM FWB:ND3 NAK (Northern dynasty minerals) 100% ownership of the pebble project (pebble mine) the following is just my opinion, you never know what happens :) this month is probably the last chance to jump in. - official EPA approval incoming, with pruitt its a done deal already! just formalities!| latest 14th Nov --> institutions jump in? spike to USD3+ - partnership news incoming, as per mgmt within 2017--> hopefully JV for 50% with an option for the other 50%! Maybe a consortium, and if we are very lucky BO | 50% for USD7 - USD9/ shares | BO USD15+ - permitting process incoming, starting end of 2017 the reason why we will get partnership news within 2017? The company has too little money left for the permitting process, and they already hired these guys: " Senior Vice President of Engineering and Project Director Stephen Hodgson (P. Eng.) will lead Pebble’s engineering and project development team, with responsibility for all aspects of project design, engineering and financial studies and regulatory compliance. He will be supported by Vice President of Permitting James Fueg (PMP, CPG), who assumes responsibility for all aspects of the project’s regulatory permitting team and process , including management of environmental and socioeconomic studies, liaison with federal and state agencies and active management of Pebble’s forthcoming Environmental Impact Statement (“EIS”) process under the National Environmental Policy Act (“NEPA”). " source www.northerndynastyminerals.com - 33m short interest = ~10% --> short squeeze when we hit >USD3-4? - biggest copper, gold, moly, silver mine found on this planet yet! - safe mine design! no cyanide used. source www.northerndynastyminerals.com - metal prices are rising, specially copper. must read: very detailed report about this mine www.docdroid.net
AMEX:NAKLong
by chrisinger