Get started

Copper Futures HG1!

Copper rally to be capped.XCUUSD - Intraday - We look to Sell at 4.185 (stop at 4.230) With signals for sentiment at overbought extremes, the rally could not be extended. Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. Early optimism is likely to lead to gains although extended attempts higher are expected to fail. We look for a temporary move higher. Our profit targets will be 4.075 and 4.055 Resistance: 4.160 / 4.187 / 4.250 Support: 4.150 / 4.080 / 4.030 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
COMEX:HG1!Short
by VantageMarkets
XCUUSD ( COPPER / USD ) Commodities Analysis 10/01/2023Fundamental Analysis: china is the biggest copper consumer and as of now we can see the most of its manufacturing plants and factories are getting shut due to Protests and ongoing havoc in the country. DXY is very bullish which can go up to 130 and ultimately will result in the more price fall in the commodity sections. World economic Crisis and Supply chain Disturbance which will lead to the Manufacturing Halt. Technical Analysis: Bearish Divergence of Price and MACD, Hidden Bearish Divergence Formation in the process which is a very strong Bearish Trend continuation sign. Nest Resistance and Potential Pivot Point 9500$ lower Support at 8450% Bearish Targets: 5800$, 5250$, 4300$
COMEX:HG2!
by BitonGroup
2
HG1! Potential For Bullish ContinuationLooking at the H4 chart, my overall bias for HG1! is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Looking for a pullback buy entry at 3.9335, where the 23.6% Fibonacci line is. Stop loss will be at 3.7085, where the recent low is. Take profit will be at 4.4555, where the 88% Fibonacci line is. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
COMEX:HG1!Long
by VantageMarkets
HG1! Potential For Bullish ContinuationLooking at the H4 chart, my overall bias for HG1! is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Looking for a pullback buy entry at 3.9280, where the 23.6% Fibonacci line is. Stop loss will be at 3.7085, where the recent swing low is. Take profit will be at 4.2575, where the 78.6% Fibonacci line is. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
COMEX:HG1!Long
by VantageMarkets
Copper Futures (HG1!), H4 Potential for Bearish DropTitle: Copper Futures (HG1!), H4 Potential for Bearish Drop Type: Bearish Drop Resistance: 3.9600 Pivot: 3.6885 Support: 3.5545 Preferred case: Looking at the H4 chart, my overall bias for HG1! is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. If this bearish momentum continues, expect price to head back down towards the pivot at 3.6885 where the 61.8% Fibonacci line is. Alternative scenario: Price may possibly head towards the resistance at 3.9600, where the previous swing high is. Fundamentals: There are no major news.
COMEX:HG1!Short
by Genesiv
Copper Futures (HG1!), H4 Potential for Bullish RiseTitle: Copper Futures (HG1!), H4 Potential for Bullish Rise Type: Bullish Rise Resistance: 3.9600 Pivot: 3.6885 Support: 3.5545 Preferred case: Looking at the H4 chart, my overall bias for HG1! is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to possibly head towards the resistance at 3.9600, where the previous swing high is. Alternative scenario: Price may head back down towards the pivot at 3.6885 where the 61.8% Fibonacci line is. Fundamentals: There are no major news.
COMEX:HG1!Short
by Genesiv
Copper Futures (HG1!), H4 Potential for Bullish RiseTitle: Copper Futures (HG1!), H4 Potential for Bullish Rise Type: Bullish Rise Resistance: 3.9600 Pivot: 3.6885 Support: 3.5545 Preferred case: Looking at the H4 chart, my overall bias for HG1! is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. If this bullish momentum continues, expect price to possibly head towards the resistance at 3.9600, where the previous swing high is. Alternative scenario: Price may head back down towards the pivot at 3.6885 where the 61.8% Fibonacci line is. Fundamentals: There are no major news.
COMEX:HG1!Long
by Genesiv
Copper Futures (HG1!), H4 Potential for Bearish DropTitle: Copper Futures (HG1!), H4 Potential for Bearish Drop Type: Bearish Drop Resistance: 3.9600 Pivot: 3.6885 Support: 3.5545 Preferred case: Looking at the H4 chart, my overall bias for HG1! is bearish due to the current price crossing above the Ichimoku cloud , indicating a bearish market. If this bearish momentum continues, expect price to possibly head back down towards the pivot at 3.6885 where the 61.8% Fibonacci line is. Alternative scenario: Price may head towards the resistance at 3.9600, where the previous swing high is. Fundamentals: There are no major news.
COMEX:HG1!Short
by Genesiv
Copper Futures (HG1!), H4 Potential for Bearish DropTitle: Copper Futures (HG1!), H4 Potential for Bearish Drop Type: Bearish Drop Resistance: 3.9600 Pivot: 3.6885 Support: 3.5545 Preferred case: Looking at the H4 chart, my overall bias for HG1! is bearish due to the current price crossing above the Ichimoku cloud , indicating a bearish market. If this bearish momentum continues, expect price to possibly head back down towards the pivot at 3.6885 where the 61.8% Fibonacci line is. Alternative scenario: Price may head towards the resistance at 3.9600, where the previous swing high is. Fundamentals: There are no major news.
COMEX:HG1!Short
by Genesiv
Copper Futures (HG1!), H4 Potential for Bullish ContinuationTitle: Copper Futures (HG1!), H4 Potential for Bullish Continuation Type: Bullish Continuation Resistance: 3.9600 Pivot: 3.6885 Support: 3.5545 Preferred case: Looking at the H4 chart, my overall bias for HG1! is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to possibly continue heading towards the resistance at 3.9600, where the previous swing high is. Alternative scenario: Price may head back down towards the pivot at 3.6885 where the 61.8% Fibonacci line is. Fundamentals: There are no major news.
COMEX:HG1!Long
by Genesiv
Copper Futures (HG1!), H4 Potential for Bullish ContinuationTitle: Copper Futures (HG1!), H4 Potential for Bullish Continuation Type: Bullish Continuation Resistance: 3.9600 Pivot: 3.6885 Support: 3.5545 Preferred case: Looking at the H4 chart, my overall bias for HG1! is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to possibly continue heading towards the resistance at 3.9600, where the previous swing high is. Alternative scenario: Price may head back down towards the pivot at 3.6885 where the 28.2% Fibonacci lien is. Fundamentals: There are no major news.
COMEX:HG1!Long
by Genesiv
Copper Futures (HG1!), H4 Potential for Bullish ContinuationTitle: Copper Futures (HG1!), H4 Potential for Bullish Continuation Type: Bullish Continuation Resistance: 3.9600 Pivot: 3.6885 Support: 3.5545 Preferred case: Looking at the H4 chart, my overall bias for HG1! is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. If this bullish momentum continues, expect price to possibly continue heading towards the resistance at 3.9600, where the previous swing high is. Alternative scenario: Price may head back down towards the pivot at 3.6885 where the 28.2% Fibonacci lien is. Fundamentals: There are no major news.
COMEX:HG1!Short
by Genesiv
Copper Futures (HG1!), H4 Potential for Bearish DropTitle: Copper Futures (HG1!), H4 Potential for Bearish Drop Type: Bearish Drop Resistance: 3.6920 Pivot: 3.5545 Support: 3.3840 Preferred case: On the H4 chart, we have a bearish bias. To add confluence to this, price is under the Ichimoku cloud which indicates a bearish market. If this bearish momentum continues, expect price to possibly break the Pivot at 3.5545, where the 61.8% Fibonacci line is, before heading towards the support level at 3.3840, where the previous swing low is. Alternative scenario: Price may go back up towards the resistance line at 3.6920, where the 38.2% Fibonacci line is. Fundamentals: There are no major news.
COMEX:HG1!Short
by Genesiv
COPPER looks doomed on the long-term. Sell the rallies.Copper (HG1!) on the 1W time-frame appears to be repeating the previous major Bear Cycle that started in 2011/12. Based on this fractal analysis, the recent 1W rejection just below the 1W MA50 (blue trend-line) puts us at a proportionate level as on the February 06 2012 1W candle. Having rebounded on the 1W MA100 (green trend-line) both on the July 11 and September 26 candles, we expect initially to reach it again and then rebound to make a Lower High and form a trend-line similar to that of 2012 - 2014 that made structured Highs to sell that took Copper to the 2.000 - 1.9360 Support Zone. This long-term bearish pattern will get invalidated if the price breaks above the 0.618 Fibonacci extension, which was where (slightly below) the price was rejected on the February 06 2012 1W candle. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
COMEX:HG1!Short
by TradingShot
4
Copper Futures (HG1!), H4 Potential for Bearish DropTitle: Copper Futures (HG1!), H4 Potential for Bearish Drop Type: Bearish Drop Resistance: 3.6920 Pivot: 3.5545 Support: 3.3840 Preferred case: On the H4 chart, we have a bearish bias. To add confluence to this, price is under the Ichimoku cloud which indicates a bearish market. If this bearish momentum continues, expect price to possibly head towards the Pivot at 3.5545, where the 61.8% Fibonacci line is. Alternative scenario: Price may go back up towards the resistance line at 3.6920, where the 38.2% Fibonacci line is. Fundamentals: There are no major news.
COMEX:HG1!Short
by Genesiv
1
Copper down 5 days in a row; 3.5545 is keyThe industrial metal topped on March 7th at 5.0395. However, for the next 3 months, HG sold off aggressively and made a July 15th low at 3.1315! Fears of increased inflation, increased interest rates, and increased Covid cases in China led to a fear of lack of future demand. Copper traded between 3.2430 and 3.7830 from mid-July and November 10th, when it gapped higher the day after a lower-than-expected US CPI reading. However, Copper was stopped just short of the 200-Day Moving Average near 3.9600 on November 14th, and it hasn’t looked back since. After a 5-day selloff, is copper ready to bounce? News of additional lockdowns and the “take-back” of a loosening of restrictions caused Copper to continue lower. Copper traded to horizontal support on Monday near 3.5545. If this price breaks, copper may easily fall to 3.3625. The next horizontal support levels are at the lows from September 28th at 3.2430, then the lows from July 15th at 3.1315. However, don’t be surprised if there is some profit-taking ahead of the long US holiday at the end of the week. Sellers will be looking to add to shorts if price does bounce. The first resistance level is at the August 26th highs of 3.893, then a confluence of resistance at: 1. the highs of November 14th 2. the 200 Day Moving Average, 3. the 61.8% Fibonacci retracement level from the highs of June 3rd to the lows of July15th. This resistance zone is between 3.9600 and 4.0250. However, 3.5545 seems to be the “make or break” level for copper. If it breaks, copper could be on its way to the next support at 3.3625. But if it holds, it could bounce to the 4.000 area!
COMEX:HG1!
by FOREXcom
Copper Futures ( HG1!), H4 Potential for Bearish MomentumType: Bearish Momentum Resistance: 3.5875 Pivot: 3.3815 Support: 3.2415 Preferred Case: The H4 price is in a downward channel and crossing below ichimoku cloud . The price may drop form the pivot at 3.3815, where the 61.8% fibonacci retracement is to the 1st support at 3.2415 where the swing low and 78.6% fibonacci projection sits Alternative scenario: If there is a price reversal, price will move to 3.5875, where the swing highs and 78.6% fibonacci retracement are. Fundamentals: There are no major news.
COMEX:HG1!Short
by Genesiv
Copper analysis and ideas: Will bears come back?Copper prices may remain under pressure in the coming months due to investors' apprehension about China's growth prospects in the wake of the 20th National Congress of the Chinese Communist Party, which disappointed the market. Since September, copper prices have fluctuated within a relatively narrow range (3.2-3.6) after the earlier sharp declines occurred this year. The long-term case for copper remains strong, as it is a key metal for the energy transition and global inventories are currently very low. However, one of the main challenges it faces in the near future is its dependence on China’s economic growth. The brown metal will remain under pressure unless China announces new growth-friendly economic policies to counteract the predicted slowdown in the country’s economy. However, the latest China Party Congress appears to prefer fostering sustainable growth and giving more importance to inequality, national security, and ideological matters. Copper bull markets have historically coincided with periods of extraordinary global growth, driven primarily by China. We have now reached a crossroads in that regard, and if China is unable to maintain high and consistent economic growth, copper will have to wait for a new global wave of coordinated investments toward the development of renewables and green energy. However, given the issues with inflation and rising interest rates that we are currently facing, it may still be years before the transition fully takes hold on a global scale. This could take the price of copper subdued for longer. When we look at the daily chart, we can see that some bearish pressure was forming near the 78.6% Fibonacci retracement level of the 2022 range. Also the 50-day moving average has been a quite strong dynamic resistance later. The technical picture remains overall on the bearish foot, and copper needs to clear the 2022 trendline at around $3.75 and then cross the psychological $4.00 mark before materially inverting the downtrend.
CAPITALCOM:COPPER
by Capitalcom