Copper Futureshead and shoulders pattern
Big Picture - Uptrend
Target Price - 4.0180
Entry Price: Around 3.5245
Stop Loss: 3.2945
Risk/Reward Ratio: 2.58
HG1! trade ideas
Copper on buy mode Copper may be bought on above 640 target may come as shown in chart ..Get out of all long position if goes below 598..
Happy Trading...
For next week from 25th July to 29tj July 2022
Idea expressed for analysis and tutorial only..
Copper OutlookFirstly, historical trends on Copper price are extremely important to understand. As we can see from the chart, Copper has been in an ascending channel with an 8% trend angle since 1988. In March 2020, a well-developed bullish triangle ended a decade of corrective action. Corrective waves of the same degree are more closely related to each other than impulses are and this can clearly be observed here. In addition, both primary corrective waves (2 & 4) lasted for nearly a similar period, the 2nd correction with a flat ABC structure lasted for 12 years (1989-2001) while the 4th correction (2006-2010) nearly lasted14 years.
There are five waves in a major movement that can be identified. Completion of the fourth implies that the fifth impulsive wave is now underway and this simply gives an early signal that Copper prices could be pointing towards amazing highs. The intermediate count is a lower degree illustrating a possible completion of the second correction in a lower degree and this is always an amazing sight to see since the next wave (3) of 5, may be equal to, or 1.618 times the length of (1) in 5, cannot be the shortest wave and is usually steeper than the first wave.
As a result of the anticipated thrust, we may see an overthrow from the main ascending channel over the next few years, driving prices to $7.80/lb or at least $6.69/lb (1.618 Fib retracement level). A confirmation level is highlighted in chart at $4.88/lb.
Disclaimer: The information provided here is only for educational purposes and should NOT be taken as investment advice.
Copper remains defiantFollowing up on earlier heads up on copper.
Battling here (hourly) with the 38.2% Fibo retracement but it also, possibly, seems to be building on an I-shs. Somewhat remarkable given the context of risk markets. Next hurdle is test of the 50% Fibo at 3.85 but the size of that I-shs suggests we may be in for a test of 4.25 (close to 75% retracement)
Sell setupThe narrative: There has been a lot of talk about inflation and a china reopening but coppers recent collapse indicates something more ominous may be brewing.
The model-
Sell: 3.6525 or higher
Stop: 3.7200
The Ingenuity Trading Model is a Geometric Hidden Markov Model with specific inputs related to Price, Time, Volume , and Volatility. The model attempts to predict local minimums and maximums (reversals) on a daily and weekly basis... stay curious
Recessions are rocket fuel!When US equities start breaking down vs inflation, recessions are where commodity bull runs are born.
#fintwit #recession #copper #spx #northstarbadcharts
Metals Copper idea (22/08/2022) Copper futures.
The rise of the metal depends on the 3.1315 support point to achieve the bullish movement, and we expect the metal to rise in the near term and also in the long term, it may rise from the current prices and the second wave has ended or the decline continues to the 61% level at prices of 3.3440 and the second wave ends there
GOOD signal to sellwe have a trend line and we have a break in 5 min time frame with volume i expect market will be go down
COOPER TO BUYGreat Opprtunity this week for COOPER
High probability to go long if we break 3.7130, next Target 4.000
You have a STRONG Order block i expect we will break this area . We are waiting for the break with volume and poolback to entry next week
Copper Futures (M6E1!), H4 Potential for Bearish DropType : Bearish Drop
Resistance : 3.6500
Pivot: 3.5315
Support : 3.4115
Preferred Case: On the H4, with the price breaking the ascending trendline and ichimoku cloud , we have a bearish bias that the price may drop from the pivot at 3.5315, which is in line with the 78.6% fibonacci projection and 61.8% fibonacci retracement to the 1st support at 3.4115, where the 50% fibonacci retracement and swing low are.
Alternative scenario: Alternatively, the price could rise to the 1st resistance at 3.6500, where the pullback resistance is.
Fundamentals: The copper price fell as the market worries about demand in China surfaced due to weak economic data and a firmer dollar. Meanwhile, Chinese property developers sharply cut investment in July, while new construction starts suffered their biggest fall in nearly a decade.
Copper Futures (M6E1!), H4 Potential for Bearish DropType : Bearish Drop
Resistance : 3.6500
Pivot: 3.5315
Support : 3.4115
Preferred Case: On the H4, with the price breaking the ascending trendline and ichimoku cloud, we have a bearish bias that the price may drop from the pivot at 3.5315, which is in line with the 78.6% fibonacci projection and 61.8% fibonacci retracement to the 1st support at 3.4115, where the 50% fibonacci retracement and swing low are.
Alternative scenario: Alternatively, the price could rise to the 1st resistance at 3.6500, where the pullback resistance is.
Fundamentals: The copper price fell as the market worries about demand in China surfaced due to weak economic data and a firmer dollar. Meanwhile, Chinese property developers sharply cut investment in July, while new construction starts suffered their biggest fall in nearly a decade.
Copper Commodity USA Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
Focus: Worldwide
By Sun Storm Investment Research & NexGen Wealth Management Service
A Profit & Solutions Strategy & Research
Trading | Investment | Stocks | ETF | Mutual Funds | Crypto | Bonds | Options | Dividend | Futures |
USA | Canada | UK | Germany | France | Italy | Rest of Europe | Mexico | India
Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision.
#debadipb #profitsolutions
Copper Trading The Corrective SequenceIn this update we review the recent price action in Copper and identify the next high probability trading opportunities and price objectives tot target
HG1! Copper 2618 trade?interesting level to watch if there is any reaction here
Not fantastic level, but could offer clues when it gets there to try and minimise stop loss
HG1! Copper Monthly retracement likelyAs per my monthly divergence note, we have hit the target zone at the 50ema
A medium term retracement is likely to around the 61.8% - will look on lower time frames to see if there are any zones there that would be worth watching when we get closer
Dr Copper Monthly ChartLooks like market is going to suffer in the medium term
Dr copper showing clear signs of reversing and reverting back to at least the 50ema/ lower bollinger band zone
Not great for stocks in general....
Dr Copper .. rev s-h-s targets $400 to catch up with S+P On it own, copper is near completion of a rev s-h-s targeting $400 area, and that may be enough technical justification to go long here, hoping for the imminent break out.
Look at it vs S+P and you see there is already a lot more optimism building in the (US) equity markets and I guess that makes sense, as China is facing great difficulties and Europe is equally challenged by extreme energy prices and geo political instability. Obviously, thanks to President Biden, we are seeing the US pass hugely important legislation on energy use transition.
I would say, prices are there to be respected and copper is certainly testing the last of the eco-Bears out there.
Maybe give it a few more $ to the upside to see that neck line breaking for confirmation. Incomplete s-h-s are typically quite treacherous but it seems to me there is good fundamentals behind this too.
The rally is funny but the doctor its lostCopper will fall following the depression currently happening.
Next to follow
Cooper Shine like a diamondCooper going to make a short for a make a correlation
After this i will make a entry for long to keep until xmas position trade:P
Heading for Recession or going higher...analysis and key levelsThere has been a lot of talk of the US heading into recession, and while the Fed and Politicians deny it, most feel that we are already 'in' a recession.
The Fed will of course do and say all they can to keep the stock markets orderly and supported while trying their best to bring down inflation. Key now is to watch inflationary and economic data.
In the video I look at the major stock markets in the US , Europe and Asian...and look at the key levels that I am watching for some action. Technically the Indexes are still in a downtrend but we have seen some buyers go risk on into the end of the month....so the question is will this continue??!!
Copper commodity USA Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
Focus: Worldwide
By Sun Storm Investment Research & NexGen Wealth Management Service
A Profit & Solutions Strategy & Research
Trading | Investment | Stocks | ETF | Mutual Funds | Crypto | Bonds | Options | Dividend | Futures |
USA | Canada | UK | Germany | France | Italy | Rest of Europe | Mexico | India
Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision.
#debadipb #profitsolutions
