HG1! trade ideas
Copper bearish (March 9)Tight SL will be helpful.
Less risk, more profit
SL: 4.0090
TP: 3.9710
R/R: 1:2.04
This is for educational analysis, not for a direct trade signal.
When you check the chart, please check the resistance line and heavy support line.
Copper vs Silver Ratio ChartWhen in a commodity bull market, a rotation occurs naturally between copper and silver.
The ratio chart shows you which one should out perform.
It's now silver's turn to shine bright!
Copper Copper has respected the resistance zone and now have broken the trendline.
If after retesting of the break point zone it shoes bearish signal can further come to the marked green zone.
This is just for educational purpose.
Copper bullish (March 8/Short term)Tight SL will be helpful.
Less risk, more profit
SL: 4.0940
TP1: 4.112
TP2: 4.119
R/R: 1:1
This is for educational analysis, not for a direct trade signal.
When you check the chart, please check the resistance line and heavy support line.
Copper bearish (March 7)Tight SL will be helpful.
Less risk, more profit
SL: 4.1130
TP: 4.0850
R/R: 1:2.26
This is for educational analysis, not for a direct trade signal.
When you check the chart, please check the resistance line and heavy support line.
Copper longPrice broke two weeks downtrend with a good hourly candle.
I wait for a retest and with consider a price action, I will buy.
June 2021 - Copper 05/03 - Rebounce Sharply1. Fundamental Analysis
- After Chile's announcement about rising copper output, Congo increased production of copper and cobalt.
- Besides, US Treasury yield climbed higher, it directly made US Dollar stronger than currency peer. Therefore, this triggered a wave of sell-off from equities to commodities by funds.
- However, news comes from China that they are targeting GDP growth (at over 6%) are quite impressive. In med tern i think Copper is still good.
But near-term, long liquidation remains in place.
2. Technical Analysis.
After forming the first wave down in daily timeframe (or three waves ABC in H1). I think, Copper will rebounce sharply with three waves up as i draw in my pic.
Of course, we ne to watch close when prices likely break the downtrend in H1 timeframe.
May 2021 Copper - Corrective PatternUpdated: Corrective Pattern.
1. Fundamental Analysis
- Lack of news comes from China, which represents physical demand.
- Waiting for news from non-china (i.e USA: readings from initial claims, unemployment rate...), which show the extent each country are recovering after pandemic.
2. Technical Analysis
- Daily: Copper remains corrective pattern in daily timeframe . And it moves as Wave A-B-C as paragraph.
- In H1: I predict that Wave B are forming, and it can reach to 4.24 - 4.30.
Keep in mind that: 4.24 is resistance zone .
Silver about to move up!Time for silver to take over the lead... thanks copper, it's my turn now!
Silver should move BEFORE copper makes new monthly defined highs...
June 2021 - Copper (03/03/2021)Fluctuating in wide range (4.04 - 4.37)
1. Fundamental Analysis
- Waiting for readings about U.S. factory orders, initial jobless claims and durable goods orders.
- Despite Caixin PMI services and indutries were not gud as expected. But, Lots of people remains optimistic.
- Sentiments about this market are seemingly improvement, even Chile annouced their production increased.
2. Technical Analysis
- Daily, Supporting level: 4.04.
- H4, price are fluctuating in a sideway. I expect that Copper need to accumulate, and then climb to former peak. (Around 4.30)
🔥 Trading idea im in - Copper entry 1 since 4.18
next level might show up/down movement for consolidation, if it holds it gives entry for a new added long to take profits on 430-450
Copper Market Short-Mid termHi Folks! Keeping it simple, with trendlines on the daily there is a crucial moment for Cu prices. There was a beautiful trendline formed since the 4th of Feb, which created some vertical motion.
If looking on the daily timeframe the trendline is currently being tested, and although has been pierced, still holding. If it doesn't hold in the next few days, there is a loooong way down, due to lack of support.
But looking more closely on the 4 hour timeframe, we can see that the trendline held quite nicely, and that price rallied above the 50 EMA. Maybe copper isn't ready to roll over just yet? Or is it just a dead cat bounce? Next few days will tell, and the test of the 50 MA could act as the canary in the coal mine.
Happy trading!
🏛COPPER CORRECTION TO THE TREND LINE ↗️LONG🚀
☑️Copper is outperforming massively
With +119% growth from the recent lows
And The uptrend will continue in future
Therefore, I would be aiming to add copper to my portfolio
At a good price, thus, I will be looking at a long trade
From the area I identified on the chart!
LONG↗️
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June 2021 - CopperCopper - Correction Ahead
1. Fundamental Analysis
- US Housing Data was quite disappointing.
- Equity market decline & the fear of rising US interest rates.
- In addition, I think copper market is waiting for news which comes from US ( US government's plan for boosting produce electric vehicles) and China (confirmation about speculative buying and demand through readings of Shanghai copper warehouse stocks).
2. Technical Analysis
- This market seems overbought, and there's a sign that people are taking profit.
- Currently, i think copper contracts are moving in a range | sideway (4.08 - 4.37).
- Intraday, prices can climb higher and reach a zone (4.30 - 4.33). It could be a good opportunity for sell to probe the strength of the market)
COPPER (31 MAR 21) BUY NEAR 717.60 SL 713 UPSIDE 728MCX Copper (31 Mar 21) will move upside from the current market price 717.60-718 with SL 713 and upside TGT will bear 722/725/728
MCX:COPPER1!
HG copper breaks rising wedge to the upside, retest holds, higheWell, copper definitely showing continued strength.
Any failure to bounce off res. turned supp. is an immediate short opportunity, otherwise stay out of the way.
Copper. Triangle. Breakdown. Timeframe 1 month. Monopolization.Copper. Timeframe 1 month. A huge triangle has formed. Breakdown of the resistance of this formation. Notice how before the price rise they made a beautiful false breakdown. For strong growth, like the last time, it would be good if there was a rollback to the zone of the broken resistance of this formation. Complete development of the goal of the symmetrical triangle 13.23. The minimum goal is 10.1. Implementation until 2023 05 (this is relative time). But this is provided that the price does not fall below the mirror resistance level during a rollback (now it is already acting as a support).
Also now there is a complete monopolization by playing with patents. All small participants in the prey will not survive. This patent game is what sparked this growth.
Think what could happen in the world that would increase the demand for metal so much. Although even today negative dynamics is noted in the extractive sector. Alternatively, demand may remain as it is now or even less, but production due to certain events (not a "virus") may greatly decrease, which will provoke a very strong rise in prices (this applies to all minerals).
