COPX Bull Call Oct'24Good change Copper will fundamentally increase in the coming months .
Here is a Bull Call for October. (Buy Call 51, Sell Call 54) with a premium around $0.85 and potential max. profit of $2.15... that is a 250% profit margin.
COPX trade ideas
Butterfly COPX for 21 Jan'25. This butterfly for COPX. (copper ETF) for 21 Jan 2025 at 55/57/59 is very interesting as it has a ratio of 1:20. (i.e. $1000 purchase for this butterfly today can turn into $20,000 if COPX reaches a price of 57 on 21 January.
If COPX closes between 55 and 59 in Jan'25 then a percentage of the $20,000 will be the profit.
$COPXNot financial advice.
AMEX:COPX Setting up for a possible cup and handle will have to wait for confirmation if it gets rejected at yellow line resistance.
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Copper Prices on the Rise - Do Your Research Before You T
Copper prices have recently reached a 14-month high, driven in part by China's economic improvement. This could be a potential trading opportunity, but it's important to be well-informed before making any decisions.
Copper is a key economic indicator, and its demand is expected to rise. However, the market can be volatile.
Here are some resources to help you make informed decisions:
• Copper price charts and analysis
• Information on copper trading risks
Remember, successful trading requires research, understanding your risk tolerance, and aligning your strategy with your goals
Copper Miners & Silver#Silver and #Copper getting really interesting.
#miners #inflation #economy #recovery
#COPX Copper miners ETF reclaims support and now heading higherNice reclaim of the broken horizontal and channel support on the COPX Copper miners ETF. Looks like we're headed back to the top of the years trading range at 41.80 which is an approximate move of 12% from current levels. Dr Copper being a proxy for global growth is always a positive for global markets.
Copper miners ETFAs we embrace the possibility of an increase in demand for copper in the next age of technology robotics and renewable energy will be dominant. The demand for copper will keep on increasing and this will result in copper mining stocks looking attractive to investors fundamentally.
We are still early in the mass adoption of the future of tech and copper is and will be part of the backbone of technology and tech innovation.
Our first entry was filled at $32. In case the ETF dips, we will be waiting for it.
Long COPX- Zigzag Elliot wave pattern is done
- Divergence on 4D chart with Lower Volume
- Risk about 1.5ATR and aim to ride up to 4.5ATR
- Good Long
- You can enter the strongest stock in sector instead of this ETF, I dont like the stocks because they have poor earnings
- Always try to use 2 timeframes
bullishAMEX:COPX clearing weekly EMA30 today (needs a weekly close) and pausing just under the recent downtrend with a bullish looking candle IMO. Could be a nice move tomorrow.
$COPX - Global X Copper Miners ETF$COPX - Global X Copper Miners ETF continues to show relative strength. The ( RSI ) Relative Strength Index has reversed this week to maintain above 50. The volume has also increased since the beginning of the year. Using Fibonacci Retracement Levels, the current Relative uptrend used the 50% Retracement Level as a support and reversal level.
COPX Lets take this trade together. I have been asked to show a trade opportunity am about to take & share it with you. All of the trades i have posted previously were trades that i have executed in the past, so this is something new. So, what are the possible outcomes we can expect
the price may never come to our DZ entry
the price may come into our DZ, we take the trade & the STP is triggered
The price may come into our DZ, demand holds the the trade goes our way
This (W) chart shows a LNG trade i took in Oct-2021 with a tight STP
below the DZ, in Blue arrow
The Red arrows above show the two profit targets, reached
& I CVR all positions.
For This week trade, am waiting for price to ENTR the DZ HL(W),
i have an alert set. if price was to enter this zone, then
I will evaluate trade's odd enhancers, like
- unbalance selling into the DZ
- candle formation in the DZ
- Price Bollinger bands & moving average
Based on the odd enhancers I have, i will decide to
the LNG ENTR
$COPX - Nice chart - TornadoF5TorndaoF5 asked for this one as well. I like the look of it. $38 ish is a good stop here depending on risk tolerance.
COPX LongAMEX:COPX
The Global X Copper Miners ETF (COPX) provides investors access to a broad range of copper mining companies. It seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Global Copper Miners Total Return Index.
www.globalxetfs.com
#COPX #DRCOPPER Copper miners about to rip?Keep an eye on the copper x etf which tracks miners which are engaged in the mining of Copper. Every time we've seen a heavy spike in volume this year has resulted in a corresponding top or bottom for Copper miners. My guess would be another bottom could be forming here...
This Looks No GoodI just learned what OBV is and if my interpretation of it is correct then this is a bad sign.
Not financial advice, I don't know what I'm doing.
COPX - Multi Year Consolidation - Cup and Handle pattern Copper miners in a long term consolidation phase since it hit its peak in 2011. Eventually it's forming a cup and handle pattern. Expect COPX to test the $47 level strong resistance in next 9-15 months, eventually getting into a multi year bullish breakout crushing all hit highs.
COPX Triple BottomAMEX:COPX is setting up at support with a triple bottom pattern.
We can look for a move up to the resistance level @ $38 per share.
Check out NYSE:FCX , NYSE:SCCO , NYSE:VEDL for trading opportunities.
$COPX / #HG1! copper miners ETF/ $coppe. IH&S / W-pattern Here is a thing of beauty! Measured move is a 40% increase in the RATIO! So if copper goes up 60%, it's a bag
THe best thing is the target it evident and looks pretty accurate.
So we can use that measured move to infer the BO time. That will come on following tweets.
BF bullflag BO of a shoulder
COPX - Evergrande Fall-OutBearish sentiment building for copper and other metals/commodities from Evergrande debacle in China and copper prices were down sharply this past week.
COPX weekly chart closed outside the longer-term (march 2020) regression channel for the 2nd time in the last few weeks also printing a bearish engulfing candle indicating potential for more near-term down.
Initial downside target bottom of the current regression channel at the 1.618 fib.
COPX is currently setting atop the mid-line of the nearer-term regression channel and has volume support in this area and may briefly bounce.
Not financial advice.
COPX - bully bounce timeCOPX took another hit today and lost +4% which is a little surprising considering Max Pain this Friday is $37... maximum-pain.com
Expecting a turn soon. Probably starting next week after some more pain and fear...
Indicators appear to be looking for a turn on the daily, and Volume is drying up on this leg down.
Potential selling climax on July 19th.
Bollinger' Band width can go lower but not much IMO before a turn.
New high isn't likely given the drop out of the longer term regression channel.
Tradable bounce - lasting ~30 days...maybe less on deck for COPX.
Maybe another 3% to 4% down. Falling knifes and all... buy the fear.
Bounce Target = $40.xx See Chart
Not financial advice.
