Weekly copper (history post)This is just to publish and keep it in the history the labelling an look back 1-2 year from now :)
As you may know the weekly chart is un-tradable for us... switch to lower TF for setup.
Xcuusd (Copper)
XCUUSD bullish bat patternHi traders,
On the XCUUSD we have a completed bullish bat pattern. I'm entering long at current market price.
Entry: 2.47769
Stop: 2.46293
Target: 2.50853 = R:RR 2.13
Good luck guys! Updates will follow.
XCUUSD bullish bat pattern [JUST AN IDEA]Hi traders,
On the XCUUSD we have a potential bullish bat pattern forming on the 1H. I'm taking this opportunity based on the higher timeframe outlook, hence the massive target.
Entry: 2.44530
Stop: 2.39998
Target: 2.57719 = R:RR 2.91
Good luck :)!
Breakout in Copper ... A Sign of Global Economic Recovery?The price of copper is a good proxy for economic activity and hence the health of the global economy. Am tracking the price of copper for signs of a an economic rebound in the days ahead. My guess is the breakout in price is just a blip and prices of copper will soon fall to lower levels as we head into the new year.
XCUUSD bullish entry when the market opensHi traders,
On the XCUUSD we can see a completed bat pattern, which has reached previous structured. A bit late to the party, but the R:RR is perfect.
Entry: 2.53400
Stop: 2.49680
Target: 2.60683 = R:RR 1.96
Best of luck!
XCUUSD bearish bat patternHi traders,
On the XCUUSD chart we can see a potential bearish bat pattern forming.
Entry: 2.61988
Stop: 2.63517
Target: 2.59452 = R:RR 1.66
Good luck guys! I will be updating this chart as time progresses.
XCUUSD bearish bat patternHi traders,
On the XCUUSD 15MIN chart we might have a bearish bat pattern forming. Completion and entry will be at point D.
Entry: 2.68469
Stop: 2.70840
Target: 2.64282 = R:RR 1.77
Best of luck! I will be updating this post as time progresses.
XCUUSD bullish bat patternHi traders,
Potential bullish bat pattern on the XCUUSD 1H chart.
Entry: 2.55386
Stop: 2.51129
Target: 2.62891 = R:RR 1.76
Best of luck! Updates will follow.
Copper bullish cypher patternHi traders,
Spotted this cypher pattern on the XCUUSD.
Entry: 2.56694
Stop: 2.50632
Target: 2.67342 = R:RR 1.76
Good luck guys!
Bearish bat pattern on copperHi traders,
On the XCUUSD we have a potential bearish bat pattern.
Entry: 2.71283
Stop: 2.75308
Target: 2.64231 = R:RR 1.75
Good luck :)! Updates will follow.
Copper - a little bit risky short on dailySeems like it's still short situation on daily TF. SL above 2.6, target -- 2.3 or lower.
COPPERXCUUSD is moving in a triangle.
In the period of instability investors seek refuge for their finances. It metals
Copper Short 2.530 Immediate Target 2.420Entry Price : 2.530
Target : 2.420
SL : Move to breakeven when it goes down.
Copper Expected to Strengthen - Long TermCopper Weekly – At the beginning of 2011, Copper made a directional change and has fallen more than 50% to date. However, with the copper demand growing, the commodity could be ready to make its next directional change in the coming months. China, the largest consumer of copper, is seeing its economy stabilising once again after suffering during the first half of the year. This had led to copper prices increasing over the last month and demand is expected to increase globally over the next four years. However, there is expected to be a large shortage for this growing demand and Citi Bank has predicted that this will lead to a 40% increase in copper prices. On the technical side, we would be looking for price to break out of the triangle, followed by a break of the $2.30 level. Copper prices along with other metals have had a weak final quarter for the past five years but this streak is highly expected to break this quarter. This would most likely mean a break of the triangle which would be a strong sign of a long term price increase. Alternatively, if price broke below $2, a strong decline would be expected.
