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Copper Futures HG1!

COPPER (XCU/USD) – Week 26 – Expecting another drop.Last week, we correctly anticipated Copper to start a correction that will push the price towards the resistance level. In the coming days, we are expecting the pullback to end around the confluence between the trendline and the resistance area, before dropping towards a new low. 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:XCUUSDShort
by financialflagship
12
COPPER (XCU/USD) – Week 25 – Pullback expected.Last week, Copper started a bearish rally that stopped around the support level. In the coming day, we are expecting a pullback to occur and drive the price towards the resistance zone highlighted on our chart. 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
10
Copper Elliott Wave Idea - Bullish Cycle Started?Taking a look at something other than Crude Oil for a change. It appears that Copper is out of a 10 year bear cycle and a bull cycle started in 2016. A look at the beginning; you can see wave 3 hit the 4.618 extension of wave 1 perfectly and then corrected perfectly to the 0.236 level for wave 4 > If you add in the subwaves of wave 5 there is also a nice 0.236 correction of wave 3 for wave 4 > All that would suggest an impulse move up and 4.0505 was the end of a larger degree wave 1. If you look at the following years from 2006 to 2016 it appears to be a multi-year correction in the form of WXYXZ > It completed at exactly the 0.618 level at 1.9300 > Looking at recent time it looks as though the first impulse wave up is completed and now in the correction, possibly to the 0.618 retracement area before up for wave 3 > A look at daily level we could be in wave B of Y > the 0.618 extension lines up nicely with the 0.618 retracement level. Something to keep an eye on I think as it could turn out to be a nice long trade with a stop loss below 1.9260
COMEX:HG1!
by Joseph_King
1
Commodities - Copper Topped OutIdea for Copper: - Commodities Cycle is topped out. - Copper in Trade and Trend Distribution patterns. - Clear 5 wave Impulse completed. - Re-tested resistance and rejected. - Price will bleed out to complete the Head & Shoulders then capitulate. TP1: 3.44 very likely. TP2: 2.78 PT: 1.97 Global markets are not moving back into Goldilocks, no matter what the media is blaring. Reflation Overshoot Trade is over. Exposure should be given to Stagflation and Deflation trades. GLHF - DPT
COMEX:HG1!Short
by UnknownUnicorn1043646
COPPER: PRICE DROP DOWN | WAITING FOR NEW BUY SCENARIO 🔔Copper prices fell on Tuesday, as increasing inventories in global exchanges and worries about possible governmental price control measures in top consumer China weighed on sentiment, despite data showing solid copper imports in the first quarter. Three-month copper on the London Metal Exchange fell 0.1% to $8,856.50 a tonne by 0706 GMT , while the most-traded May copper contract on the Shanghai Futures Exchange closed down 0.3% at 65,870 yuan ($10,055.72) a tonne. A rise in the prices of global commodities has led to Chinese top officials emphasizing the need to cap prices to reduce cost for firms and control inflation . However, China’s January-March copper imports were the highest first-quarter amount since at least 2008, on rising demand and easing logistics issues. “(There’s been) too much good news baked in, so much so that looking forward, there is expectation of tighter monetary conditions and (China’s) State Reserve Bureau’s release of supplies to help industrial firms cope with rising raw material cost,” said a Singapore-based metals trader. “But I think this is a dip to buy anything between here and $8,800 is worth picking up,” the trader said, adding that data were backward looking.
COMEX:HG1!Long
by FOREXN1
2
COPPER (XCU/USD) – Week 24 – Indecision territory.Last week, Copper almost ended the week where it started, ranging the entire time. In this context, we would carefully study the price action as the price could go both ways from here. We suggest to avoid trading this pair for now. 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:XCUUSD
by financialflagship
14
COPPER (XCU/USD) – Week 23 – Bullish sentiment to return.In our previous analysis, we expected Copper to resume the bullish trend. Instead, the price started to fall, reaching the support area. In this context, we expect the price to make another attempt and break the top. We will wait for a trendline breakout and a small pullback to act as a confirmation. 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
12
BEWARE IMPORTANT COPPER PRICE LEVEL - HG1! - COPPER - DAILYThank you for your likes and comments! Really appreciated! This is an idea about Copper price, not a financial advice. ___________________________________________________________________________________________________ The HG1! Copper Futures have been continuously rising... almost a year. We realized that summer is coming and that this market have been beating all the selling power trying to bring it down of slower it> How long is it going to last? The blue lines represent the channel that the price is following. Being at the top of this channel and seeing a possible strong signal of a pullback, the probability of seeing the market profile change has risen. The volume involved where huge but will it again beat it and keep going up further? The next step down is probably at the dotted red horizontal line. Some other "super volumes" interventions happened in that past at that price level. For a day traders, this is probably something to keep an eye on> For a longer term trader, lowering the exposition is probably smart at this price level. Reentering step by step after this level is passed or when the deep happens.
COMEX:HG1!Short
by Diallo_Charts_Ideas
COPPER (XCU/USD) – Week 22 – New top on the cards.In our previous analysis, we expected Copper to test the support level before resuming the bullish trend. Instead, the price started the bullish move without testing the support level. In this context, we expect a pullback to occur around the orange trendline that will act as a trigger for a bullish move that will break the previous high. 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
15
COPPER (XCU/USD) – Week 21 – Targeting the support.In our previous analysis, we expect Copper to start a bullish move and break the top. Instead, the price has fallen into a deeper correction. In this context, in the coming days, we are expecting a slight price increase towards the resistance area, before making another drop, having a chance to reach the support. 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:XCUUSDShort
by financialflagship
10
Price action on #Copper $HG The narrative around copper is very compelling. 1) $5T of Government spending in the next 10 years for renewable energy development 2) Electric cars 3) Miners underinvestment in recent years What this says to me is the simple fundamentals from miners...limited supply would be enough to extend this commodity bull cycle. Beyond that...we have car manufacturers making bold moves to have a majority of their fleets electric within the next 10 years. European and California carbon credits markets are becoming more developed...producing incentives for companies to move towards greener technologies. Whether you agree with the politics of it or not...it is happening. And massive government spending on renewable energy. What does all this green stuff have to do with copper? All these need copper...and lots of it! With just experiences a 50% retracement from the May 21st high of 4.5815 and made a double top with divergent RSI this morning. Zooming in we can see some impulsive buying around the $4.5 area. The long term trend in copper looks very promising. Could it go lower? Of course...but today's price action has me watching very closely.
COMEX:HG1!Long
by cwmetz
COPPER (XCU/USD) – Week 20 – New top expected.As we mentioned in our previous analysis, Copper pulled-back and it looks like the price is starting to lose momentum, after reaching our trendline. In this context, in the coming week expect this pair to make a new top. 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. 📢Check out our: 📹YouTube: www.youtube.com 🌍Website: www.finflagship.com
OANDA:XCUUSDLong
by financialflagship
17
Copper close to complete the measured move!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. That way I can still be in it if it continues to rally, but will secure my gains which I set in my initial plan. To see the initial plan and breakout setup, click on related ideas "Copper breaking out"
AMEX:CPER
by dorfmanmaster
COPPER (XCU/USD) – Week 19 – Strong bulls.In our previous analysis, Copper continued, as expected, its strong bullish momentum. In this context, we anticipate a pullback to occur in the following days, towards the support area before continuing the big Monthly uptrend. 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:XCUUSDShort
by financialflagship
10
COPPER (XCU/USD) – Week 18 – Strong bulls.In our previous analysis, Copper broke the top, despite our initial expectations regarding a possible price decrease. Having said that, in the following days, we anticipate a pullback towards the support area before resuming its uptrend. 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
20
Copper Very Cheap and New Silver 8$-9$-10$ 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 money. I have not seen any damage so far. Those who wait will always win. Don't Shake Yourself. Think long term. It is not investment advice. I buyed, I wait, I'll keep it until I die if necessary. I will leave a legacy to my children. The graphics never hold 100%, do not stretch yourself, do not hurt yourself to make a trade. After all, copper will be used in those skyscrapers. Cu time, Cu time, Copper win time...!
COMEX:HG1!Long
by TraderEtc
Thoughts on CopperBullish on copper with the current confluence of news - Goldman called copper the new oil due to its links to the green energy sector and gave a very bullish price forecast citing a potential future shortage due to "demand increasing 900% by 2030" Coinciding with this was the mining strike in Chile - first the rumblings of a strike then the actual strike itself. Chile produces roughly 25% of the World's Copper. Currently we are in a bullish channel on the daily chart and I expect we could see a bounce off the upper trendline, especially if positive news from Chile breaks at the same time as the price reaching this area.
COMEX:HG1!Long
by CptCalamity