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Copper Futures HG1!

HG1! (COPPER) STILL IN A TRIANGLEHG1! (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 trading recommendation or investment advice. All of my work is for educational purposes only. All labeling and wave count have been done by me manually and I will keep changing according to the LIVE MARKET PRICE ACTION. So don't bias, hope on my trade plans. Try to learn Elliott Wave or other strategies and make your own strategy. Following is not that much easy. I am not responsible for any losses if u took the trade according to my trade plans. #HG #HG1! #COPPER
COMEX:HG1!
by anantadhungana
Leading Indicators Reversal in ProgressInteresting... in the last couple of weeks, as the Leading Indicators signaled a retracement, it appears that it may be time for a technical bounce... JNK broke down as expected, and exceeded target. Last week's candle had a long tail recovery, and this current week is forming a rebound. MACD still in bear territory. IWM, DJT and VALUG all seemed to have retraced hard, and bounced off a support. MACD crossed and still in bear territory... may not be over. sus. TIPS failed a support and does not seem to be recovering, not bouncing for the matter. MACD appears to be recovering though. This one is rather odd, so I would just note and leave it for now. TLT is not bullish as one would expect it to be. In fact, it looks bearish, which is favorable (bullish) for the equity markets. VIX failed a solid break out and looks to be finding 16 again, signalling the interim volatilty is over and more bullish markets to prevail. /HG Copper futures are held in a tight range and appear to be recovering this week - if it can hold steady and break out. MACD is not yet bullish. Overall, the leading indicators are signalling an interim bottom. perhaps a larger than expected rebound should follow in the coming weeks...
AMEX:JNK
by Auguraltrader
1
Sell COPPER As a basic observation in The Monthly chart of copper Futures (HG1) . Copper reached during the last year it's highest levels since 2011 breaking its all time high . As a result of the high demand from china in 2020 and the lower production from the miners in Chile and Peru . In the other hand the Chart has shown selling configuration .There's a high probability that the prices might visit the 4.7 level before it starts dropping down and visit some of the lowest levels passing by $3.5 - $3 as first target in the next few month and if the price breaks down this level then the target will be $2.5 , and there is a lot of fundamental reasons . -Lately the Li Keqiang Index has dropped down as sign of china's Industrial situation . and as known the high correlation between Copper and the Li Keqiang and it lower the demand on copper in 2022 . -Chile started rising its production rate so this will affect the supply in the market . -The US federal Bank has been declared that they will rise The Interest rate by the end of March and it will affect all industrial and technological sectors.
COMEX:HG1!Short
by ossamaouadih
6
HG ( COPPER ) MAKING A TRIANGLEHG ( 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 we finish the A wave then we will come for a B wave. Copper take more time to finish the triangle and after that, we can see a new high on an HG for primary degree 5th. DISCLOSURE - Please be informed that the information I provide is not a trading recommendation or investment advice. All of my work is for educational purposes only. All labeling and wave count have been done by me manually and I will keep changing according to the LIVE MARKET PRICE ACTION. So don't bias, hope on my trade plans. Try to learn Elliott Wave or other strategies and make your own strategy. Following is not that much easy. I am not responsible for any losses if u took the trade according to my trade plans. #HG #COPPER
COMEX:HG1!
by anantadhungana
3
HG1! - Copper and CornersSo, is this what means: A market is cornered? ;-) OK...let's get serious...they observe us hehe... The very old top acts as a perfect resistance. Now, focus on the white pitchfork. The market overshooted the U-MLH (upper line). This is a huge stretch. In fact, if the power where there, price had to go to the next extension of the Pitchfork. But so far it mised it (HAGOPIAN) and it's just dancing on the U-MLH. What does this mean? It means, that a) the potential to take off is still in place b) the market could tank very hard and reaching at least the white centerline. The extended version of a target is simply the grey centerline. Anything else? Jep, Santa is comming! §8-)
COMEX:HG1!
by Tr8dingN3rd
COPPER Buy signalPattern: 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 likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
COMEX:HG1!Long
by TradingShot
2
2 Facets of ESG: Speculation and FundamentalsIt's informative to see the positioning of Commercials (producers and consumers in the Commitment of Traders Report) and how that relates to price action. Commercials are considered the "smart money" in the commodity markets because they supposedly are better able to judge future price direction based on supply and demand conditions "on the ground". These 2 charts show very different positioning by commercials in Copper and Crude Oil futures as price rallied during the reopening. Commercials in the Copper Futures markets increased their net short position whist in the Crude Oil markets they reduced shorts/became more net long. This potentially indicates the commercials have a more bullish view on oil than on copper based on the fundamental supply and demand conditions in the the industry.
NYMEX:CL1!
by carbondust
Copper could go to $8, $20 evenPushing the price up: - High demand for EVS, renewable energy production, the Green New Deal, means copper production is below demand and expected to be in shortage for years - Stimulus spending and inflation of industrial goods - Producers cannot increase supply fast enough, examples: Freeport CEO "It will take 7-8 years to get new production to the market", "Oyu Tolgoi (Mongolian super mine) is set to bring a further 480,000 tonnes of copper into the market from 2028" www.mining.com www.proactiveinvestors.co.uk Stopping (or slowing) the price from going up: - Traders taking profit (short term) - An end to all the renewable projects - A total collapse of civilization? This is what happened with the previous price explosion in the 2000s As the price consolidates around ATH we might want to bet on the price going up up up in usd terms I'd just go for the DEC 2022 contract, or a DEC 2022 call: There is a discount on that contract too (backwardation). At a price of $4 1 contract = $100,000. A 10% stop is a risk of $10,000. So maybe we'll just take short term trades on the way up. Unless we all become millionaires in a few months with Cryptos? There is an e-mini for copper but no one trades that, I don't even know if I have access to this and where/what broker? Plus I don't see DEC 22 :( www.cmegroup.com
COMEX:HG1!Long
by MrRenev
1
Copper - Just the BeginningCopper futures broke out of their wedge this week, with per tonne prices breaking the $10,000 milestone. Names such as Freeport-McMoran (FCX) are benefitting from this, while TRQ is on discount due to. setback in their mining process. Despite Fed tapering, copper is strong, surprisingly. I believe that now is the time to get in "The New Oil", as stated by Goldman Sachs, who gives the commodity a 50% upside before 2025. If copper moving 10% has resulted in Freeport going from $30 to $39, think of what will happen if Goldman and the rest of the Street is right... Thesis: Goldman Sachs recently published a note declaring copper "the new oil," and forecasting it could reach $15,000 (50% inc.) by 2025 as the world transitions to clean energy. As the movement to sustainability/clean energy progresses, the exponential increase in demand for copper will outrun supply due to slow mine creation, centralized property rights. Although it may take a few years and experience some drawdown, depleted inventories and a demand spike will likely cause the price to rise significantly over the next decade, with Bank of America suggesting a possible 100% increase to $20,000 per metric ton by 2025. Overall sentiment on the Street is extremely bullish in the mid-to-long-term.
COMEX:HG1!Long
by nickygin
Copper Prices Take Aim for May 2021 High Post Triangle BreakoutCopper futures are aiming for the May high at 812.60 after prices confirmed a breakout above a Descending Triangle chart formation. The 200-day Simple Moving Average helped maintain the dominant uptrend as the red metal continues to consolidate since earlier this year. A drop back under the July high at 768.50 could undermine upside progress, reorienting copper back towards the SMA. Clearing the May high exposes the 78.6% Fibonacci extension at 851.8636 towards the 100% level at 900.60. COMEX:HG1!
MCX:COPPER1!
by QM_Dubrovsky
𝘾𝙤𝙥𝙥𝙚𝙧 𝙁𝙪𝙩𝙪𝙧𝙚𝙨 (𝙃𝙂1!) — 𝙀𝙒𝘼HG1!: 🕐 6h A big review of this asset is planned for the first half of next year, but decided to make a small update to the count, as the current sideways formation looks very much like a bullish contracting triangle that is about to be completed. On completion of the final wave E of (B) , there will be a good trading setup for a long position. The wave marking in the double circle parenthesis corresponds to the green marking in the circle on the chart.
COMEX:HG1!Long
by TradeWaves-EWA
2
COPPER (XCU/USD) – Week 41 – Will the resistance hold?In our last week’s analysis, we correctly anticipated the pair to consolidate and head towards the first resistance area. In the coming days, we foresee the pair gaining more bullish momentum and make an attempt and break the resistance. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
OANDA:XCUUSDLong
by financialflagship
5
✅COPPER BULLISH PENNAT|LONG🚀 ✅COPPER has retested an important price level And is now consolidating below it In a bullish pennant pattern I am bullish on the metal As the transition to the "Green" economy With EV's and Wind Turbines will require massive Amounts of this commodity, so I am waiting for a breakout And then will be expecting a bullish wave With the first target being the recent high But I am sure the price will go much higher still LONG🚀 ✅Like and subscribe to never miss a new idea!✅
COMEX:HG1!Long
by ProSignalsFx
10
COPPER (XCU/USD) – Week 39 – Waiting for a trendline breakout.In our last week’s analysis, we anticipated the pair to finish the correction and make an attempt to break the resistance level. Instead, the price pulled back deeper than expected and reverted. In the coming days, we foresee the pair consolidating above the orange trendline and head towards the resistance area. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
OANDA:XCUUSDLong
by financialflagship
14