Copper Daily; Still a Massive SHORT! - And has been since ...... since this post:
and this post:
and this post:
... and so on.
Many of you asked "what is our single largest current position?". That's easy: Short Copper. (and WTI Crude)
HG1! trade ideas
Copper Buy / Sell Based on FIBO / GANN Buy at 518.70 stop loss 516.80 Target 522.75 / 532
Fibonacci and Gann always rocks support us follow us and research with us
Copper Buy / Sell Based on FIBO / GANN Buy at 523.60 stop loss 522.50 Target 525.50 / 526.50
Sell at 527.80 Stop loss 529.30 Target 526.50 / 525.50
which ever entry triggers first then go that side and leave the other view
Fibonacci and Gann always rocks support us follow us and research with us
COPPER INTO AREA OF TRENDLINE SUPPORT AND HORIZONTAL SUPPORTA resumption of these two support lines will possibly create a great buying opportunity for copper. If we want to buy the 8hour candlestick has to close above 3.00, if the price continues up to its a great risk to reward trade.
Target: 3.0885 (2.68%)
Stop-loss will be placed right under horizontal support.
Coppert Up thrust after distribution 4HR?G'day watching price action though 3.09 zone. The possibility that the breakout move 18 SEP could be a Wyckoff UTAD.
Copper Futures Weekly Chart : Bullish Momentum to continueCopper Futures Current price Rs. 532.70, rising channel , bullish ichimoku set up, RSI at 78,ADX at 36.5,copper should continue it's rise and move up after consolidation between Rs.523- Rs.533 levels , we should see new highs towards Rs. 540-Rs-550 if stiff resistance at Rs. 534.40 is taken off with good volumes.strong support at Rs.512 if broken we may see bearish levels.
COPPER NEW ATH OR FALL BACK DOWN?Hi Again,
I am analysing, preparing for a new week. I always tend to do this on a sunday afternoon. Beware this is not an advice. I don't often trade copper but when i do i always have a good trade. I only step into this commodity when i am really really sure about it to earn some side $. Only small pieces.
Last weeks it moved more than Gold/Silver. It even reached a new ATH. Will it reach a new ATH this week/month? That's my question and nobody can answer it...only time will tell. No crystal ball stories here...
Personally i think it will retest a new ATH and then fall back, see the charts where i can set my targets to the downside. I will open a sell if it hits a new ATH. I will definitely not open a new buy since it is too much risk for me.
Good luck and safe trading everyone!
V-Shape recovery is complete. Time to switch sides?That was one crazy V-shape recovery in copper. But now we're stuck just under 3.0 level, which is strong resistance that could open the road to 3.3-3.5. I'm planning to short @ 2.9-3.0, SL 3.1, TP 2.5.
Copper Buy / Sell Based on FIBO / Gann - INTRADAYAs per my analysis copper is on sell so,
Sell at 530.50 and stop loss at 531.60 and expected targets 527.10 / 523.70
Fibonacci and Gann always rocks follow us , support us , research with us
Copper @ COMEX Daily Chart : Bullish ( Long Momentum )Copper looks ready to move further up and if latest highs of $3.10 is taken off then we may see it moving further towards $ 3.12/3.13.
MACD has given positive cross over at $ 3.07. RSI being close to 60, RDX factor being 3 indicating long bias , china data for the metal were also good today , considering all the technical parameters combined with favorable data should take it further up.
