Metals Group Outlook - CopperThe Copper daily chart corresponds to the article "Metals Group Outlook".
Copper Futures HG1!
King River Copper - ready to go up as Cu/V2O5 ready to go upKing River Copper: KRC HG1!
Copper is showing key crossing of 20/50/100 day MAv and this Australian miner also produces Vanadium Pentoxide used for High Strength Steel, Aerospace engines, and rebar for concrete reinforcement. Currently below 786 Fibonacci Retracement and low bid entry 0.05 area.
What Can Doctor Copper Tell Us?With a PhD in Economics, what can Doctor Copper tell us is going to happen next in the economy? Since 2004, the price of copper has exploded above $1.5 a pound, seemingly corresponding with the timing of tremendous growth in the Chinese economy. Now that their economy is slowing down, what can we expect?
Doctor Copper says to expect lower economic activity over the next couple of years…
HG1!Southern Copper Corporation is an integrated copper producer. It produces copper and, in the production process, obtains several by-products, including molybdenum, silver, zinc, sulfuric acid and other metals. Its segments include the Peruvian operations, the Mexican open-pit operations and the Mexican underground mining operations segment identified as the IMMSA unit. The Peruvian operations segment includes the Toquepala and Cuajone mine complexes, and the smelting and refining plants, including a metals plant industrial railroad and port facilities that service both mines. The Mexican open-pit operations segment includes the La Caridad and Buenavista mine complexes, and the smelting and refining plants, including a metals plant and a copper rod plant, and support facilities that service both mines. As of December 31, 2016, the Mexican underground mining operations segment included five underground mines that produce zinc, copper, silver and gold, a coal mine and a zinc refinery.
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AMEX:COPX
Copper: 1D Channel Down. Short.Copper (XCUUSD) is trading within a 1D Channel Down (Highs/Lows = -0.0144, B/BP = -0.0590) after having made a Double Top at 2.8400 (late Sep, early Oct). If the previous 2.6887 Lower Low and 1D support is crossed then HG1! should make a new 2.6600 Lower Low and attempt a break out. Otherwise the Channel Down will make a new Lower High near 2.7800 before it attempts to break the 2.6887 Support again. In any case the long term trend as suggested by 1W remains bearish (RSI = 43.931) so shorting every Lower High is the most optimal approach. Our TP is 2.6600 and 2.6000 in extension.
HG1! Is Copper ready to make a move?HG HG1!
Copper has been bottoming for quite some time. Economic trends are plumbing/housing, electronics, and EV vehicles, so let's step back and review.
* Oversupply for quite some time.
* Copper prices are historically peak in December.
* Housing/construction build rates for SF/MF/5+units is steady Yr/Yr for 5-yr and slight growth if any.
* Electronics is in steep decline from overstock parts and US-China trade war
* Electric vehicles are the new growth at 150+ lb. / vehicle for motor windings for copper, trend to continue as EV Class 8 heavy trucks will use 300+ lb. / truck (TESLA/NAV)
* Current chart showing upward movement from 618fibretracement to 500fibretracement as positive.
Maybe a micro trend without larger scope of current global economy, but something to watch for safe haven opportunities. VIX
The yuan hit a fresh 21-month low against the U.S. dollar Thursday, and the Shanghai Composite Index has lost about a quarter of its value so far in 2018.
ASX:KRC NSE:HINDCOPPER ASX:NZC OTC:CPPMF AMEX:COPX NYSE:SCCO ASX:CCZ TSX:NCU FWB:COQ OTC:HDRSF CCJ
Gold play - Harmony GoldGold play on Fibretracement. Expecting drop to lower level based on high CCI. Alert for $1.50 range.
Note here for self. Comment if you like.
Short Copper 10012018- Structure break down
- 2618 pattern
- Trending Dollar
:) Good Luck!
TP1 2.7685
TP2 2.7405
SL 2.8140
Trading inside a Rectangle. Short.Copper is trading sideways for more than a month now within a 2.5400 - 2.7350 Rectangle on 1D (RSI = 56.012, MACD = 0.000) and the High Volatility (ATR = 0.0544) ensures the preservation of this neutral action. As seen the price has just been rejected on the Resistance, so we are now short aiming at 2.565.
Copper: Trade war fatigue and 2-week high is bullishThe news has been bad around China and the trade war- but perhaps some relief is due as fatigue sets in
Copper has broken out of a triangle base
Scenario A) Broken trend line provides support on a pullback for bigger move to 2.86
Scenario B) Old highs at 2.75 hold and price drops back into its range
Dr Copper - Long Term Trend remain bearishDoctor Copper, The leading indicator of economic cycle remain bearish see, declining copper prices may indicate sluggish demand and an imminent economic slowdown (Investopedia)
In the chart, weekly chart seen copper price form double top in 50% retracement level. As the elliotician know, price failed to break 61.8% and reverse suggesting the next trend will follow the previous impulsive direction (Down).
The next target at 2.293 (refer to right chart)
www.investopedia.com
HBM - Mining stock with good entry to short or longHudson Bay Minerals is 50% off January high and mining not favorite for many but it's
in small-cap under $10 stocks that can give good double digits this year.
Turning up off baseline entry as copper futures are also turning around.
IVPAF - Ivanhoe MinesSmall cap Mining Stock to own when VIX jumps 5% like yesterday. Entry 1.79
Development and recovery of precious and EV specialty metals: Nickel, Copper, Gold, Palladium, Zinc, Germanium, and Rhodium.
09042018 Copper LongCopper now at strong support, Dollar at it's major resistance.
We can expect big bounce to CD-382, 618
CSX:IVH OTC:IVPAF Ivanhoe MinesSmall-cap: IVH or OTC: IVPAF showing potential entry. Shown here is 2h chart.
* Fib retracement on 1D indicates entry at near 1.50-1.54 and currently at 1.57.
* CCI coming up to entry zone
* Falling wedge coming to Fib resistance zone .768 (1.50-1.54)
* Relative Strength nearing breakout, or if falls below 1.48 review position
* Copper prices were strong in 2017 and weakened in 2018. investingnews.com
* Nickel is byproduct of copper mining and likely behind deal with CITIC. investingnews.com
investingnews.com
* Zinc also potential driving this one back up.
* IVH chart from Investing News Network investingnews.com
* Active projects in CAN and South Africa
Hit copy, make mine and change to 1D and 1W and add Fib retracement.
This is mining small-cap/micro-cap stock, so risk beware and make own conclusions.
Target hit. Near a Lower High confirmation. Short.Copper is trading within a 1D Channel Down (RSI = 43.155, MACD = -0.058, Highs/Lows = -0.0015, B/BP = -0.0380) after reaching the 2.54472 mark. It is now near a new Lower High = 2.69388, which if it holds, will test the 2nd 1W support = 2.45945, which is our target for the new short on XCUUSD. If the Lower High is crossed, the we will get a temporary rise to 2.85479.
COMEX:HG1 Copper FuturesCopper price high from 2017 decline nearing reversal in futures.
Not advice, come to own conslusions.
Expect Copper to Reach for New Highs!!!As previously discussed in other post I expected Copper to correct quite a bit. I was expecting the 2.44-2.60 area because of many confluences. However, we have completed an ending diagonal pattern that pushed to 2.86. Now we have come down to my expected support area based on fractals and fib levels, which we are now holding. Also, if you look at the USDOLLAR we have hit a significant topping point. Also, this can be seen as we have lots of sideways action in AUDUSD at the $0.73 mark. Also, expect to Gold to follow suite with new highs in the medium term. This is a great time to get long based on probabilities and risk/reward.
Short COPPER like NATGASUSD Refer to my NG1 Idea. Check my NATGASUSD Idea to understand my reasons to SHORT Copper. It is the same set up with the exact same entry and S/L. No kidding.
Trade Safe!!
Shorting Copper is in play: A testament to China troubleAny rally/retest as high as the low 3 range remains a short on a long term scale (weekly).
Copper: Trade for Bearish Continuation of 1H Bearish Impulse 4H AO cross has not happened yet and there is bar divergence on that time frame so this must be kept in mind. I will be looking to move to breakeven quickly and perhaps even take profit at the target but that has not been decided yet. The overall trend is bearish but this may be a short term trade before the larger correction and final 4H continuation trade. Stay patient.
