Xcuusd (Copper)
Copper Short CallingGiven that copper prices have climbed to an almost all time high as well as the past positive and negative correlations, a long is still profitable. However, a short where you buy and sell until 1st quarter of 2018 has a much better potential for gains. Also looking at the bollinger bands, this is still profitable but not as profitable as other things you could invest in. This is more of an overall conservative strategy to make some returns but not ones that are significant.
Copper looking to rise I have posted a chart on copper few days back with parallel channel but its seems that Copper has broken the channel
Which means one thing ...
The dump last week was a good correction and now we are back on the way up
The confirmation of this trend will be when the 0.5 fib level is broken
I will be looking for it tomorrow
Best of luck
PS: I am running 350 + pips channel with money back gurantee here and telegram. Send me a message if you want to be part of it.
Copper (6/12/17) *BULLS, be patientCopper is racing to reach the swing low region of 2.858.
The region (2.858) is where Bull shall step in and defend,
If you wanna long, wait for a nice low risk entry there.
Now, you shouldn't be hurry to LONG.
Trade Safe,
s0nic
Disclaimer:
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EPA approval & Partnership news within 2017--> very BULLISHAMEX:NAK TSX:NDM FWB:ND3
NAK (Northern dynasty minerals) 100% ownership of the pebble project (pebble mine)
the following is just my opinion, you never know what happens :)
this month is probably the last chance to jump in.
- official EPA approval incoming, with pruitt its a done deal already! just formalities!| latest 14th Nov --> institutions jump in? spike to USD3+
- partnership news incoming, as per mgmt within 2017--> hopefully JV for 50% with an option for the other 50%! Maybe a consortium, and if we are very lucky BO | 50% for USD7 - USD9/ shares | BO USD15+
- permitting process incoming, starting end of 2017
the reason why we will get partnership news within 2017? The company has too little money left for the permitting process, and they already hired these guys:
"
Senior Vice President of Engineering and Project Director Stephen Hodgson (P. Eng.) will lead Pebble’s engineering and project development team, with responsibility for all aspects of project design, engineering and financial studies and regulatory compliance. He will be supported by Vice President of Permitting James Fueg (PMP, CPG), who assumes responsibility for all aspects of the project’s regulatory permitting team and process , including management of environmental and socioeconomic studies, liaison with federal and state agencies and active management of Pebble’s forthcoming Environmental Impact Statement (“EIS”) process under the National Environmental Policy Act (“NEPA”).
"
source www.northerndynastyminerals.com
- 33m short interest = ~10% --> short squeeze when we hit >USD3-4?
- biggest copper, gold, moly, silver mine found on this planet yet!
- safe mine design! no cyanide used. source www.northerndynastyminerals.com
- metal prices are rising, specially copper.
must read: very detailed report about this mine www.docdroid.net
Copper continuationIdea: Copper continuation long based on bullish RSI swing failure on the hourly chart. The Daily resistance level 2.966 has recently been broken and seen a pullback. Strength in retesting this level could see a possible upside continuation to 3.08325.
Cons: The stop has to survive the Monday open.
DISCLAIMER:
This is where I practice ideas and work on my trading techniques. Please note I am only providing my own trading information for insight to my trading techniques, you should do your own due diligence and not take this information as a trade signal. Trade at your own risk.
COPPER ANALYSIS - 4H CHARTHey there!
So my mate @Joshua_nate and I have been checking on this one. We are expecting reversal soon for a C wave in Daily Timeframe. Just watch for the brakeout and then sell!
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Hola a todos,
Mi socio @Joshua_nate y yo hemos estado viendo este caso. Esperamos una reversión para realizar una onda C en temporalidad diaria. Simplemente buscad el brakeout para la venta.
Carlos
Copper approaching resistanceIdea: Copper has seen monthly resistance and not made a new high since Febr 2017. If copper is to return to the monthly down trend, it will see strong resistance around 2.68669 and will be unable to break 2.72675.
Pros: Profit to the down side and retest and extension of the lows provide great risk reward. Targets are set at
2.46629 4hr retrace
2.06214 Daily retrace
1.95256 Extension of current low, an unlikely target but interesting price action to watch.
Cons: Further upside will whipsaw the trade and reveal weekly trend strength.
DISCLAIMER:
This is where I practice ideas and work on my trading techniques. This is not investment advice. Please note I am only providing my own trading information for insight to my trading techniques, you should do your own due diligence and not take this information as a trade signal. Trade at your own risk.