/HG 15minNice bull flag here for copper. If we get a breakout here copper stocks like FCX can move nice tomorrow
QC1! trade ideas
Mar 2, 22 Copper on a tear-Buy or Sell?What is going on with Copper? Price is skyrocketing yesterday and today but why?
We are coming into a world recession sometime this year, inflation is the highest its been in 40 years, interest rates are going up everywhere, all signs that copper price is 'supposed' to be going down.
Any ideas?
Heiko
CopperI like copper and continue to hold a wide selection of copper / gold miners. Mining shares are literally the only place to be in the stock market now.
Copper: Long to mid-term overviewCopper is still building a triangle for wave (4) of of V.
We expect rising to around 6.80 level for wave (5) of of V.
Alternate, declining for current level and break the lower boundary of the triangle as a first move of downside of wave
Copper Futures : H1 Short (Price Action : LH + LL)Copper Futures HGU2021 H1 chart shows series of LOWER HIGHS + LOWER LOWS from July 26 2021. Contrarary to fundamentals (strike in copper mine would create shortage in supply, etc) the technical analysis shows there is a room for some more down side towards 4.285. The downtrend would end if the price trades above previous HIGHER HIGH.
copper futures companythe market just realise nice break out with buyers emergement so buy it we can expect a pull back
COPPER is one of the best investments on a 2 year basisInvestors looking for value long-term better have a look at Copper, which has been consolidating ever since its May 2021 All Time High (ATH). The 1W MA50 (blue trend-line) has been supporting all this time, indicating that the market has found a new long-term demand zone where buyers step in.
The last time a similar demand level on the 1W MA50 took place was half-way through Copper's historic parabolic rally of the 2000s. In particular, in February 2004, the market made a similar High (red flag), then turned sideways into a +1 year accumulation period, when again the 1W MA50 was supporting. Eventually that demand level initiated the last and more aggressive part of this rally during 2005-2006. The 1W RSI sequences between the accumulation phases of today and 2004 are also identical.
The 2006 rally peaked a little higher than the 2.0 Fibonacci extension. That should be a solid benchmark for long-term investors looking for value.
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Trade idea #Copper #HG1! longEntry at current level 4.56
Stop 4.30
First Target (33% of the position) 4.80
Copper - a barometer for stock market performance There are more ways than you and I can think of in analysing the stock market performance. From very complex charting tools to using stars alignment, for as long as stock market exists, people are obsessed with coming with tools to predict the market.
Copper, for a long time has been touted as a good stock market barometer (if you believe in it).
Using the weekly chart, we can see that copper price has hit a resistance level , back to where it was in 2011 (11 years ago). Is it any coincidence we are seeing some correction in the stock market now ?
I leave that judgement to you !
HG1! (COPPER) STILL IN A TRIANGLEHG1! (COPPER) is still making a triangle on the primary degree 4th wave. We will finish the triangle around 61.8% or 78.6% of Fibonacci. The 78.6% area is also a trend-line support zone. With the high chance, we will rebound from the trend-line area. Wave E can take further time to develop.
DISCLOSURE - Please be informed that the information I provide is not a trading recommendation or investment advice. All of my work is for educational purposes only. All labeling and wave count have been done by me manually and I will keep changing according to the LIVE MARKET PRICE ACTION. So don't bias, hope on my trade plans. Try to learn Elliott Wave or other strategies and make your own strategy. Following is not that much easy. I am not responsible for any losses if u took the trade according to my trade plans.
#HG #HG1! #COPPER
copper is about to break the high ...... hold for target 810....copper is about to break out ... hold for bullish move . next good move
Feb 10, 22 Copper Sell Almost TimeDr. Copper is almost ready to embark on a SELL of epic proportions - at least that's what the MACD Indicator is telling us. When the blue line crosses over the red line heading down? Oh boy!!
Notice that you are looking at the Monthly Chart. If you check on the web for monthly charts for Copper re MACD history, you will find that when this 'DEATH CROSS' occurs, there is usually a recession (which we will be in sometime over the next several months), a stock meltdown (which we will be in sometime over the next several months), and more or less 'the world is ending' feeling (which we will be in sometime over the next several months).
When you look at the MACD the red and blue line are very very close, and with todays sell off it is getting even closer. I'm not saying that this is a trade that's going to happen next week, but definately sometime over the next few months - just something I'm keeping an eye on to make a lot of money. I hope you do too :-)
HEIKO
Copper MCX chart indicates strong bull run about to startCopper is managed to bounce from 750 level and in last trading session give strong recover from bottom.
On daily time frame made a bullish pin candle near resistance zone.
Breaking above 760 will trigger strong buying and target will be 770 to 775.
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Copper looks ready, maybevery possible. I think the Monthly chart is more pertinent . Above 4.89 all time high and clear skies
Copper looks interesting for next few days.Will be watching copper for next few days price action for a right trade....
Hg Copper Yeah, its overbought I know but that rsi hold above 50% is a sign.
and its happened before.
Sell COPPER As a basic observation in The Monthly chart of copper Futures (HG1) . Copper reached during the last year it's highest levels since 2011 breaking its all time high . As a result of the high demand from china in 2020 and the lower production from the miners in Chile and Peru .
In the other hand the Chart has shown selling configuration .There's a high probability that the prices might visit the 4.7 level before it starts dropping down and visit some of the lowest levels passing by $3.5 - $3 as first target in the next few month and if the price breaks down this level then the target will be $2.5 , and there is a lot of fundamental reasons .
-Lately the Li Keqiang Index has dropped down as sign of china's Industrial situation . and as known the high correlation between Copper and the Li Keqiang and it lower the demand on copper in 2022 .
-Chile started rising its production rate so this will affect the supply in the market .
-The US federal Bank has been declared that they will rise The Interest rate by the end of March and it will affect all industrial and technological sectors.
Market Recap and levels to watch for the coming sessionUS markets saw a late session beating to push prices sharply lower into the close and continue the recent selloff. Watch the video for a more detailed breakdown on my Macro picture and key levels I am watching in major markets.
Thanks for watching and please take some time to check out the website.
Copper 1 Month Golden CrossA rare feature in this timeframe.
Many times, a so-called Golden Cross is pointed at, when actually it is not a truly one.
A real Golden Cross is when an ascending 50 x MA is crossing an ascending 200 x MA (x being the timeframe -Day, Week, Month...)
Of course, the larger the timeframe, the more significant is the pattern.
I personally like to consider a combination of 20 MA, 50 MA and 200 MA (simple MAs):
When ascending 20 MA is crossing ascending 50 MA and, in the same conjunction space, the 50 MA is crossing the ascending 200 MA.
The point that MAs must be ascending is really important, though too often overlooked. It's what gives its strength to the configuration.
As we are probably seeing an end to the consolidation pattern in Copper (to north), it's remarkable to notice this nice tripartite Golden Cross in the 1 Month timeframe.
