Hi Traders, This post takes a look at how we can go short on copper. There is a very simple setup to take if price does what I expect it to do. On the daily time frame, Price has managed to give a deeper rejection than I had anticipated in my last copper post, You will see that we are currently rejecting a resistance level on the daily, If you wanted to, you...
Chart posted is that of copper . we have 3 legs now down in the bear market . a natural target for support as it hit a 618 at BEST you can look for an ABC or abc x abc up until aug25 to sept 2 then CRASH
It is well known that due to the current circumstances of multifactors of the negative order, they are causing a Global crisis, which in turn cuts the industrial demand, clearly that happened in the past and is clearly illustrated in the last crisis ( "Subprime Crisis" ). we have clear then the "high ceilings" and the "low floors",. although there is copper falls...
Hi Traders, Looking at Copper (HG) Again, Since the last post it has effortlessly melted to my target. I Now see another short opportunity coming up and I am looking at making sure we can capitalize on the commodity. The way I am playing this one is that I am using less risk as I would not want to give back any profit if the setup does not work. Looking at the...
Hi Traders, Copper (HG) Double Top Setup In-Play, this is a very simple play due to the fact that we are still in a down trend and the lower high at 3.5640. We can see price tapped this price twice and then proceeded to fall. This surely shows that right now the bulls aren’t strong enough to push price. We then see that a double top has formed and this has...
At the beginning of June I put out an idea about shorting Copper . The market didn't do me the favor to get up to my entry, as I ignored past resistance. Probably got a little greedy too. Currently copper is sitting at support and could bounce up to 4$, maybe even up to 4.25$. However in the long term, I see it go much much lower. In my opinion we are in a...
Copper bounced very hard off the Yearly Pivot, however it doesn't look ready for a new sustainable rally. Maybe this bounce had something to do with a fundamental catalyst, but nothing to do with the bull market resuming. To me the market is in a very clear distribution phase, and it simply bounced after taking out several major lows. Essentially this is a short...
See chart. COPPER on the verge of a multi DECADES break out. I cant see any better long term investment. EVERYTHING ABOUT ENERGY IS MADE OF COPPER. Every single TESLA will use lot of copper. Every Internet of Things will be made of copper. Semi-conductors.. shortage? it rhymes with copper shortage as well! Hell even BITCOIN is basically copper made. And guess...
Australian dollar looks like a buy relative to US dollar. The Australian dollar the copper have a high correlation of movement between them. Copper has recently made new all time highs in US dollar terms. The Australian dollar has not made a move yet versus the US dollar while many other commodities have made upwards moves. Australia is a natural resources rich...
HG1! (COPPER) is still making a triangle on the primary degree 4th wave. We will finish the triangle around 61.8% or 78.6% of Fibonacci. The 78.6% area is also a trend-line support zone. With the high chance, we will rebound from the trend-line area. Wave E can take further time to develop. DISCLOSURE - Please be informed that the information I provide is not a...
HG ( COPPER ) making a triangle on a Primary degree 4th. We are on a D wave of the triangle. Most probably we finish A wave of D wave as a preferred count (Projected by the black line) and we are coming down to making a B wave. On another side of the analysis as an alternative (projected by the red line)we are on an A wave and we are going upside a little bit and...
Pattern: Channel Up on 1D. Signal: Buy as the price is rebounding on the Higher Lows (bottom) trend-line of the Channel Up while the MACD just formed a Bullish Cross. Target: 4.980 (the 1.236 Fibonacci extension). -------------------------------------------------------------------------------------------------------- ** Please support this idea with your...
Copper had a triangle breakout few days ago, it is providing a long entry again as the price is currently retesting the breakout post having a minor correction. Risk reward remains highly favorable given the current setup.
Earlier, I posted about the S&P500 defying gravity. Another indication to support that view is here... COPPER. It is well known for copper futures to lead/follow (takes turns) the equity markets. The reasons behind this phenomena is very fundamental, copper is used in production of many things, and in an economic upcycle, copper is one of the first metals...
Copper respecting channels and momentum built up to resume its up word journey. A close below 4.2945 would be a price point to reconsider my view.
Copper has a healthy stair-step trend, with mid-term consolidations after big rally's, as drawn in chart. We are about to make the measured move which I projected in my last chart on this ETF, at this point I expect we could enter a period of consolidation. Risk Management I will tight my exits to the 5-day moving average once we complete the measured move....
Copper, Solar panels, wind turbine and New generation drone, jet, car, tank, heat pipes, electricity. so copper will be needed every day. It was the decision to press the US and Europe bar at first. In other words, they will encourage the people to shop by impoverishing them. Factories will store tons of copper, except for those who want to protect their...
A late February peak runs out of steam and makes a comeback LME and COMEX stocks rise Inventories can be a mirage Goldman Sachs makes a bullish call- Three reasons for higher copper prices Heading for new high- Copper could go parabolic In March 2020, nearby COMEX copper futures traded to the lowest price since June 2016, when it reached a bottom at...