Hg1
Gold vs. CopperCopper vs. Gold is an intermarket ratio highly correlated to US10Y. Inverse is true of Gold vs. Copper being highly correlated to Bond prices.
Looking to commodities to gain insight into the direction of US T-Bond futures.
So far nothing to write home about..
I won't short this if I were youRationale is simple. The longer term trend is bullish and the 1H chart shows a temporary correction. Yes, if you short, you might get lucky and win some pips profits but that also means you have to be fast with your fingers. Some may be fast to get in but late to get out, turning profits into losses. Not worth it.
Some are late to get in (FOMO) and early to get out , also resulting in losses from cognitive dissonance.
The smarter or conservative method is just wait. Wait at the 2.577 coast line to see if it rebounds (watch for bullish signs) before you initiate long position.
The fact that it is riding on a bullish trend means it can rebound much faster than you think and the risk/reward ratio may not be worthwhile to take a short position, in my opinion. There are many lower hanging fruits opportunities and that is the job of a trader, identify it and trade it.
It is easy to become complacent and not do the homework and assuming market will go your way. That is gambling based on luck and usually that is the first sign of trader falling off the cliff.
Avoid this trap at all costs !
The Gundlach Indicator: In No Man's LandThe copper/gold ratio is traditionally viewed as a good proxy for bond yields, and that relationship has held mostly true of late. That said, we do not agree with all this exuberance over a topside "breakout". The ratio is sitting right in the middle of the recent range with heavily overbought RSI levels. Could go either way.
Copper (XCUUSD) On a Key Level! Bearish Forecast
Copper reached a peculiar zone of confluence:
we see a perfect match of a horizontal daily structure, resistance line of a rising wedge pattern and fib.levels of the last major bearish legs.
based on that the chances are high the price will retrace to the support of the wedge.
also, look for a potential bearish breakout of the wedge.
it will trigger a selling reaction and the price may go even lower.
good luck!
Copper BiasMetals are dollar pegged so with USCHINA Tensions its highly possible that they could sell off further. This is not investment advice
COPPER - Rising Price ChannelCan expect rising channel to break - signalling bearish turn - if US/China tensions escalate
The "Gundlach Indicator" Is Exhibiting a Familiar PatternStocks have totally decoupled from reality, but copper and gold have not. This is as pretty a chart as you'll see and the fact that it's a chart of a RATIO testifies to just how "smart" gold and copper both are. The last two uptrends have been presaged by highly symmetrical wedge patterns and if history is any guide we're only a few weeks away from another topside break.
Copper - Macro OutlookWelcome to my series of macro outlooks where I put together threads focused on long term perspectives for major asset classes. My goal is to provide you with a long term view that I update on a monthly and sometimes weekly basis so that you can have the means to make wise and calculated trades in the shorter term.
I have threads for assets that are typically viewed by investors and traders as market leaders. Having an idea where the market leaders are heading will give you a compass to make decisions in smaller cap assets that tend to follow.
I will do my best to keep these threads purely technical in nature.
Doctor Copper
Copper is a vital commodity to the economic machine. One use that comes to mind is in commercial and residential building wiring. An increase in price signals a strengthening in demand and the underlying economic activity. A decrease in price may signal a contracting economy. Keep an eye of the price of copper to see where economic activity is headed.
Enjoy!
Gap breakoutThis thing is likely shoot good. Good breakout with gap. Bullish rejection from monthly pivot.
When price breaks away the trend line with gap it rarely makes a trendline retest.
Does this mean that oil might rise? Copper and oil have had a strong positive correlation at 0.84.
THIS IS NO FINANCIAL ADVISE.
Copper LeadingThe move above 2.25 in copper was encouraging for stocks. The real question is, can this level hold?
𝗖𝗼𝗽𝗽𝗲𝗿 𝗨𝗽𝗱𝗮𝘁𝗲: $HG_F Daily. ANOTHER DCB into 13dmaLooks like another DCB into 13dma rejection. Break of 2.44-48 area was BIG. 2016 lows should be tested
Copper Futures (HG1!) DailyDates in the future with the greatest probability for a price high or price low
Copper Futures (HG1!) WeeklyDates in the future with the greatest probability for a rice high or price low
Copper Futures (HG1!) MonthlyDates in the future with the greatest probability for a rice high or price low
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!
Rates Bottoming Out?Copper vs. Gold Ratio is displaying a very well defined momentum divergence - have we seen rates reach a low?
