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MHG

Copper is Next to Move, Why?Copper is next to move because the Chinese consumers may be coming back. In last December's tutorial, we discussed how Gold was breaking above $2K and set to move higher, which it did. In April, we anticipated that Silver would soon catch up, and it did as well. Now, I believe Copper will be next, not just based on technical but also on fundamentals. Micro Copper Futures Ticker: MHG Minimum fluctuation: 0.0005 per pound = $1.25 Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
COMEX:HG1!Long
by konhow
1
HG Copper Futures- Short to Long SetupHG is on the 30 minute chart with a set of EMAs ( 7- blue 20-red and 100-black) ascended 6 % in 7 days from the morning of 4/23 to the evening of 4/29. This is traded with a leverage of 25. A short trade taken on the reversal is now impending closure. The short falls faster than the long climbs and will yield about another 6% in 24 hours or so. The trade is setup to close when price crosses the EMA7 and stays above it for three consecutive candles ( 90 minutes). I long trade will then be contemplated to continue to take full advantage of the volatility. The RSI indicator should show a rise toward the 50 level to validate a long trade and some green buying volume candles should print. Rinse and repeat.
COMEX:HG1!
by AwesomeAvani
🔥Copper Price Surges as It Breaks the Trendline🔥Copper prices have risen in recent days, supported by a number of positive factors. A weakening US dollar against other major currencies has made copper more attractive to foreign investors. In addition, the market received positive news from Chile, the world's largest copper producer. Chilean President Gabriel Boric predicted that output from state-owned miner Codelco would grow slowly this year. However, analysts remain optimistic about copper prices due to expected demand growth in sectors such as electric vehicles, electric infrastructure, AI and automation. Trafigura, a large commodity trading firm, forecasts that copper demand will grow steadily in the coming years. This forecast is supported by the increasing investment in renewable energy and electric vehicle projects, which use more copper than traditional vehicles. Today, according to our assessment, the price of the currency continues to rise as it approaches the support area. Trading recommendation SELL LMT CPEN24: Entry: 4.5060 STP: 4.4630 TP: 4.6390
COMEX:HGN2024Long
by MXV_AnfinTrading