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Hg1

Copper: Buy opportunity on a 1W Rectangle.Copper has been trading within a long term 1W Rectangle (STOCH = 49.048, Ultimate Oscillator = 49.708) with 2.52850 - 2.53850 as the Support zone and 2.83470 - 2.84595 the Resistance. A repetitive pattern that stands out is a sharp rise that is followed every time after a 1D Lower High sequence breaks to the upside. We are currently close to such an event so we are on a medium term long with TP = 2.78300. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
OANDA:XCUUSDLong
by InvestingScope
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. SCCO HG AMEX:COPX
NYSE:SCCO
by Pokethebear
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.
OANDA:XCUUSDShort
by InvestingScope
1
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
COMEX:HG1!
by Pokethebear
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
COMEX:HG1!Short
by Johnkiew
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.
OTC:IVPAF
by Pokethebear
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.
FX:COPPERLong
by adriel.arrasmith