XCUUSD ( COPPER / USD ) Commodities Analysis 29/08/2022Fundamental Analysis:
as of now we can see the global inflation has rise sky rocket and the worlds economy is in a huge bobble which soon will explode and a catastrophic crisis may occur, ultimately most of the manufacturing and development plants which are dependent on the base commodities such as Copper and gold may face some market crises and demand may plummet to a very critically low levels, consequently a lots of the retail and small entities producer and manufacturers will hit the bottom line and bankruptcies if their exposure is not hedged or planned their business strategies accordingly for these days.
one of the main reason for this incident can be the changing of the world order and power pole transformation from west to the middle east and far east, Russia's conflicts with Europe and china's with south china's sea and Taiwan.
food shortage and probably real state collapse could be predicted and can be a good cause of such a market fall.
energy crisis and fuel price jump can be another good reason to decrease the equity and profit margin in the manufacturing and production segments.
Technical Analysis:
There exist a bearish Divergence of Price and MACD followed with some market fall from its ATH which means bullish trend Reversal and we are facing more falls and a bearish Market, using Fibonacci Retracement levels we have defined some Target Levels which are having confluences with different cycle Fib Levels.
we have defined some Resistance levels using Fibonacci and Price Action.
we may have some Bullish price correction on the way of the bearish trend.
There are total of 4 targets defined using the confluences of Different Fibonacci and Price action levels and they can be considered as strong support levels if not Broken sharply
HG2!
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$
Copper Futures patternCopper futures HG2 chart on the daily time frame (no wicks).
Appears to be forming an adam and eve pattern. looking for it to break upwards soon. Dollar dropping helps.
None of this should be interpreted as financial advice, I am not a professional or certified financial adviser! all charts, and or analysis' are my personal opinions and observations only!
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.
Long-Term Prospects of CopperCopper, symbol, HG, price action is giving us an early warning of a Bear Market with price trading above the 50 week ema, which is below both the 200 and 800 week emas, with the 200 still above the 800. Price is currently above the 9/13/30/50 week emas, so it currently is in a rally, but the long term emas are mostly flat, telling us we are in a accumulation/distribution phase. The long term candle sticks tell us to have caution here, with long upper whicks and the dark cloud for this week. Elliott Wave tells us we should be expecting the end of this year and a half long triangle with the e-wave putting in a top.
On the even longer-term perspective, this market is clearly targeting 1.4, where I expect a multi-year bounce. The bounce will proceed prices below 1.25, so let that sink in. Put that out of your mind for Today though, the thing you should be noticing here is how price is drawn to the equilibrium point of prior consolidations. That gives us a good idea of where price will be drawn to as this correction continues.
The Commodity is in a Bear Market Rally with price trading above the 50 day ema, though the 50 is above the 200, yet still below the 800 day emas. The 50 day ema is currently up trending, though price just dropped down through the 13 ema and tested the 30 ema. We’ve had three pushes up from the (d) – wave low and it looks like at peak formation for the (e) – wave is starting to form. Would expect to see a rally back up to 2.84 next week along with a stop hunt high before a strong sell-off gets under way.
The Commodity is in a Correction of a Bull Market on the 4 hour, with price below the 50 ema, which is above the 200 ema, which is above the 800 ema. Price traded down to just above the 200 ema this week, will probably give it another test early next week before aggressively bouncing back up to the highs in order to finish out the peak formation later in the week.
This is my Copper look ahead for my own trading purposes. COMMODITIES trading involves risk. Feel free to comment, but trade off of this post at your own peril.
This is my Copper look ahead for my own trading purposes. COMMODITIES trading involves risk. Feel free to comment, but trade off of this post at your own peril.
COPPER FUTURES LONG 2018 - 2030Appears to be the bottom of a minor correction, Vix Fix indicator highlighted for confirmation + ABC consolidation pattern.
Very bullish on copper due to high demand for batteries in the next decade, from electric cars (some countries are banning gas-powered cars) to solar panel systems.
Demand for copper to proliferate between now and 2035-2040.
-Monitoring