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COPPER INTO AREA OF TRENDLINE SUPPORT AND HORIZONTAL SUPPORTA resumption of these two support lines will possibly create a great buying opportunity for copper. If we want to buy the 8hour candlestick has to close above 3.00, if the price continues up to its a great risk to reward trade.
Target: 3.0885 (2.68%)
Stop-loss will be placed right under horizontal support.
Copper rallies.Firstly, please support our work by clicking like button & or following! These really assist us to reach more investors & traders like you! Despite the rally prices have been struggling to go beyond $3,00 and ended up consolidating between $2,85 & $2,90. However, as the bullish fundamentals improve prices might go higher.
Copper Buy / Sell Based on FIBO / Gann - INTRADAYAs per my analysis copper is on Sell Trend
So sell at 517.30 Stop loss 518.70 Target 512 / 508.30
Always stick to strict entry exit and stop loss level . +/- 0.10 paise is considered as entry or exit
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Copper Buy / Sell Based on FIBO / Gann - INTRADAYAs per my analysis copper is on Sell Trend
So sell at 514 Stop loss 515.80 Target 510.60 / 508.30
Always stick to strict entry exit and stop loss level . +/- 0.10 paise is considered as entry or exit
Fibonacci and GANN always rocks........ Support us , Follow us and Research with us
Copper is setting for big move. Explained with entry techniquesCopper Futures were very volatile last week. Usually, it indicates a big move coming. I think this market sets for decline as well:
COT – commercials have one of the largest net short positions we have seen for quite a while
The cycle is turning to the downside with a potential reversal point at the beginning of November
Daily chat has an interesting pattern – all large ranges have been to the downside (it indicates weakness)
So, the question is if there is any short signal coming? Breaking below Fridays low on Monday or Tuesday can be considered as an entry. Alternatively, we can see a few days bounce to 2.95. Rejection at this point is another possible entry to short Copper.
Copper Buy / Sell Based on FIBO / Gann - INTRADAYAs per my analysis copper is on Sell Trend
So sell at 510.50 Stop loss 511.70 Target 507.50 / 505.20
Always stick to strict entry exit and stop loss level . +/- 0.10 paise is considered as entry or exit
Fibonacci and GANN always rocks........ Support us , Follow us and Research with us
Copper Buy / Sell Based on FIBO / Gann - INTRADAYas per my analysis Copper is on sell trend correction so
Buy at 501.40 Stop loss 500 Target expected 506.30
after correction sell at 506.30 Stop loss 507.65 Target 501.40 / 498.55
NOTE : Sell is the most preferred trend
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Copper Possible Short Copper has recently broken a downtrend line which had acted as weekly resistance since June 2018 and it is now at the critical level of 2.90-2.95 which is a previous support turned resistance. RSI is at its highest since August 2017. A possible pullback to 2.60 level which had held the market multiple times before is possible.
Copper Buy / Sell Based on FIBO / Gann - INTRADAYAs per my analysis Copper is on Buy Trend correction
So Sell at 509.40 Stop loss at 510.40 and expected targets 506.10
After correction Buy at 506.10 Stop loss 504.90 Target expected 509.40 / 511.70
Note : BUY IS THE MOST PREFERRED TREND
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