QC1! trade ideas
BUYHG reached to high volume area and forming double bottom .
Now bulls should defend their position so I expect nice move up.
I will take long for swing with tight SL because currently the bears are in control.
Copper still shorttoday was another re-entry possible either before 9 am or directly at 9 am ET time.
General setup is to short if price is below 18 Moving average on the daily chart on a break below two days low.
Seasonality is supporting a down move even though Commercial Traders COT are still net long...
New trading strategy upgrade - CopperCopper is on a correction and ready to drop down. Let's see how it build a strong buttom before go up.
Copper Futures - Below It's 100-Day SMAAt $4.58 in May, amidst the commodities euphoria, I mentioned that investors should know when to 'get off the bus'. You may recall the monthly chart giving us a signal at $2.31 in May 2020.
Copper just so happen to make it's short term peak the following day with the price now below it's 21 & 50-EMA as well as it's 100-SMA. Caution if the short term incline is breached. 14-Day RSI at 44, a bearish trend.
Downside risk elevated below $4.23.
Current: $4.29
New trading strategy upgrade - Wait & sell, don't miss this good opportunity. Let's wait price searches its up resistant then sell it.
JICPT| Copper on the verge of another breakout again!Hello everyone. Copper is a leading indicator that I like to review from time to time. My previous breakout projection worked well. However, it fell back again formed a higher low, indicating strong momentum.
So, basically this is a momentum play. I also searched other clues as an odds enhancer. Below is the line chart of copper and Us 10Y yield. It clearly to see that the two has been in the same direction for sometime in general.
The reason behind this is the recovery of the economy. Though, supply and demand is another key factor impacting copper's price.
After the breakout, the nearest target is 4.63 . With the continuation of the economy recovery, I'm bullish on copper. The nerve zone for me is 4.7 and above.
What do you think? If you're with me, don't hesitate to give me a like.
XCUUSD might hit USD4.00 soonThis trend line could be broken very soon and the move to previous YPP resistance will be very swift.
Copper Rises to Resistance as Supply-Side Issues Heat UpCopper prices are seeing some upside movement as supply-side issues intensify. Codelco's Andina mine in Chile saw workers go on strike after mediation talks fell through. This adds to labor tensions in the major copper-exporting country, with workers at BHP Group's Escondida mine still negotiating a new contract as a possible walk-off looms. Meanwhile, workers at a JX Nippon Mining & Metals owned mine, also in Chile, went on strike this week.
Prices are now at a descending trendline formed off the July swing high after rising off the 61.8% Fibonacci retracement. Moreover, the 50-day Simple Moving Average (SMA) looks to be providing a degree of confluent resistance. Breaking above the trendline may open the door for an extension higher.
$FCX - Inflation hedge + Infrastructure play w/ technicalsLots of investors typically look to precious metals such as Gold, Silver, Platinum or Nickel when hedging their portfolios to protect against inflation (unless you're Peter Schiff, then you're all in.) Some analysts believe Copper has more upside than its counterparts.
Outside of just existing, it does have many uses and is commonly used in construction. From houses to communication wires to electronics. Copper is everywhere. It's not too farfetched that with the infrastructure bill going through, that demand for this precious metal will increase. As it stands now we're already in a Copper shortage, the last few years has proven that the current supply can not keep up with demand.
From a technical perspective, FCX on the Daily time frame is nearing the breakout point of an inverse head and shoulders.
HG1!, Copper Futures, is in a bullish pennant. It formed a pinbar off of the golden pocket and held the support of the pennant.
Both of these, technically speaking, are set up to breakout. CPI numbers came in as expected today but often times charts and real life events line up so we will see how the next report does.
Currently in $FCX calls for January.
Warwick
OptionsSwing Analyst
Copper Futures : H1 Short (Price Action : LH + LL)Downtrend continues in Copper, there is no sign of Higher High or Higher Low yet. It seems the copper futures chart is behaving very well making enw LLs and LHs and respects previous resistance.
New trading Strategy upgrade - CopperHi traders, this is my personal trading idea only. Please give an AGREE/ LIKE, my trading strategy is Price Auction - Chart only, I don't use indicators, MA, signals and trend line etc. Your comments are highly welcome. We need a relax and happy trading with happy ending on each trade. My chaos drawing is not to predict and guess the further, it is my plan where we are on the chart and how we shall trade on what we see. Good luck guys.
Sell at M15-M15 and buy on H1 chart
Copper Daily Futures PredictionShort Term Breakout on daily Copper Futures charts. Copper is trending from March 2020
COPPER trade idea.Analysis: Copper is in a strong uptrend, but we had 2 cases when the price rose stronger than expected. I market the 2 expansions with the green zones. I do not say that the bullrun is over, but I wont recommend to trade with large positions since the current market structure is neutral. The current potential risk reward ratios on short and long positions are quite bad. Right now it's too late to buy and too late to sell as well. I am waiting for a much clear picture before I will open a new trade.
Conclusion: Neutral
COPPER Copper has completed a Gartley harmonic, and we could see a move up to the designated target zone.
Copper Strong ... bullish trend continues You might want to consider holding copper stocks now ... it is resuming its uptrend after a a month of consolidation in June/july.
Good US stocks are
FCX
SCCO
TRQ Small Cap Copper, Copper on the cusp of a New All Time HighThe electrification of America and the world is going to require huge amounts of copper. New all-time highs should be expected.
Copper resources are likely going to become highly valued throughout this decade as more and more copper is needed to overhaul the energy and infrastructure grid.
Copper Technical AnalysisChina credit impulsed bottomed recently, in 6-9 months we see the effects in the economy. Therefore, the wave 5 might be a bit choppy from now, but the longer term picture is up up up!!!
