Going Long on Copper: I’m taking a long position in CAPITALCOM:COPPER at this level. If it retraces, I plan to add to my position down to around 4.15. The weekly downtrend has ended, and this week’s price action has erased the previous bearish expansion bar. There are signs of bullishness on smaller timeframes, and the daily chart shows an active uptrend for...
Pair : XCUUSD ( Copper / U.S Dollar ) Description : Completed " 12345 " Impulsive Waves and " ABC " Corrective Waves Break of Structure Fibonacci Level - 78.60% Symmetrical Triangle as an Corrective Pattern in Short Time Frame Demand Zone
DISCLAIMER: This is not trade advice. This is for educational purposes only to demonstrate how I am looking to participate in this market. There is significant risk involved in trading, do your own homework and due diligence. COT Strategy LONG Copper (HG) My COT strategy has me on alert for long trades in HG if we get a confirmed bullish change of trend on the...
Pair : Copper - CU Description : Completed " 12345 " Impulsive Waves and " AB " Corrective Waves Break of Structure RSI - Divergence Rising Wedge as an Corrective Pattern in Short Time Frame Demand Zone
Copper is located in a 4H timeframe, lower than EMA200 and EMA50 and is trading in its mid -term descending channel Short -term copper purchases can be sought if the downtrend continues to reach the demand zone, which is also intertwined with the weekly copper pivot The upward correction of copper to the specified supply zones will provide us the sell position
Metals were all lower on Tuesday as investors braced for a hard-landing scenario. But not all metals fell equally. We take a look at gold, silver and copper to sort the longs from the shorts, depending on which variant of an economic landing we could be facing.
Copper (HG1!) got rejected yesterday on the 1D MA50 (blue trend-line) for the first time since early July. This is a clear Bearish Leg on a potential Channel Up pattern, so technically, it may form a bottom on its Higher Lows trend-line and rebound. If it does, our Target will be the 0.786 Fibonacci retracement level at 4.900 as on the January 17 2023 rebound. If...
Pair : CU - Copper Description : Impulse Correction Falling Wedge as an Corrective Pattern in Short Time Frame Break of Structure and Retracement RSI - Divergence Support Level
Copper is located between EMA200 and EMA50 in the 4H timeframe and is moving in its descending channel The basis of short-term trading can be considered as breaking or maintaining the drawn short-term upward trend line The failure of this line and copper reaching the demand zone will provide short-term buying conditions for copper On the other hand, the authentic...
These price levels are dangerous for retail traders. They are highs and lows of price strucutre. They are walls where price has bounced mutlitple times. They are prices where some traders may begin to chase price in attempt to catch the trend and not miss out. At the same time, they provide great entries for mean reversion traders. Watch and Learn and safe trading.
Pair : XCUUSD ( Copper / U.S Dollar ) Description : Completed " 123 " Impulsive Waves Consolidation Phase in Short Time Frame Fibonacci Level - 38.20% Demand Zone Daily Support Level
Copper (HG1!) completed two straight red months following May's High at the top of the 3-year Rising Wedge pattern. Last time the commodity formed this pattern was back from May 2006 to September 2008. In fact the recent May 2024 Higher High resembles that of May 2008, whose rejection broke the Rising Wedge downwards. As you can see, during both patterns, the...
While the decline in copper persists, @HG is nearing areas of previous demand on intermediate-term timeframes. Specficially, we will be watching the industrial metal's action between the prices of 4.1130-4.0605 (with hypothetical stop lower @ 4.0250). Given the current momentum and potential add'l downside per larger timeframes, we recommend watching for micro-TF...
Pair : Copper - CU Description : Completed " 12345 " Impulsive Waves Break of Structure and Retracement RSI - Divergence Demand Zone as Support Fibonacci Level - 78.60%
Pair : Copper - CU Description : Demand Zone Completed " 12345 " Impulsive Waves and " A - B ( Irregular ) Corrective Waves Break of Structure RSI - Divergence Fibonacci Level - 127%
Pair : CU - Copper Description : RSI - Divergence Completed " 12345 " Impulsive Waves and " AB " Corrective Waves Break of Structure and Retest Impulse Correction EXP FIAT as an Corrective Pattern in Short Time Frame
Pair : CU - Copper Description : RSI - Divergence Completed " 12345 " Impulsive Waves and " AB " Corrective Waves Break of Structure and Retest Impulse Correction EXP FIAT as an Corrective Pattern in Short Time Frame
Macro Monday 54 Chile and Peru The Largest Copper Producers in the world A staggering 36% of the global supply of copper originates from Chile and Peru. With AI, semiconductors and big tech leading the furore in markets, isn’t it any wonder that both countries are demonstrating incredible growth. Being the largest producers of copper in the world during one of...