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Copper Futures HG1!

Copper (XCUUSD) Trading Plan & Potential Drop hey guys, pay attention to copper today! currently, the price has reached a key structure resistance level and we have a potential opportunity for short! pay attention to a horizontal decision range on 1H and sell in case of a bearish breakout of it (1H candle close below 2.172! stop will be above the higher high within the channel! target levels: 2.11 / 2.04 in case of a bullish continuation and candle close above 2.24 setups will be invalid! please, support the idea with like and comment! thank you!
OANDA:XCUUSDShort
by VasilyTrader
6
Copper (HG): Strong long term Buy Signal.Copper is on a three day bullish streak since the February 3rd rebound near the 2.4800 Support. The 4H chart has already turned bullish (RSI = 54.648, ADX = 36.919, ADX = 36.919) but 1D is still bearish (RSI = 34.595, MACD = -0.070, ADX = 52.434, Highs/Lows = -0.0336) so the risk remains. That risk is concentrated on the 1D MA200. As you see the MA200 on the 1D chart has acted as Resistance on previous occasions especially on the first rebound attempt after the last -13% fall in May 2019. If the price is rejected again (especially if a Double Top is made), then we expect a new rejection. On a different occasion (MA200 break out) we expect a new rally towards at least the 2.8800 Symmetrical Resistance (which is our Target). There are numerous reasons that give more probabilities for a bullish break-out: * The 1D RSI has bounced on a monthly Support level, which was last hit in July 2018. What followed last time the RSI hit 19.500 on 1D was a strong rally towards the 2.8800 Symmetrical Resistance, which is our Target. * The current rebound is practically a Double Bottom as it was made near the 2.4800 Low of September 3rd, 2019. * Last time Copper made a Double Bottom was on January 3rd 2019. The result was a bullish rally even higher than the 2.8800 Symmetrical Resistance. Previous successful Buy Signal on Copper made last August: ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
COMEX:HG1!
by InvestingScope
FCX updateNYSE:FCX Revision to previous chart/idea. After earnings, fcx took a dump, thanks to corona virus news, copper prices dropping, and overall index weakness. Not really sure how the market will react to fed day on wed. Assuming its not too bad, i think the bullish pattern continues. FCX is on sale and could be a good long term entry. With production in Indonesia ramping up and a return to bullish copper prices we could easily hit $60 a share in a couple years. On the other hand, if the fed disappoints and virus business continues to spook the market we might be headed to single digits (something that I have been waiting and watching for) before heading back to ATH's. Something tells me we keep the boat afloat a while longer. Playing it day by day. I apologize for the "busy" chart. I am still learning to chart and finding what works for me and what to pay attention to. I have another chart on investing.com that is a bit cleaner if you care to see it. What are your thoughts?
NYSE:FCX
by The_Real_AMF