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E-mini Copper Futures

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QC1! trade ideas

View on Copper (16/3)LL after price hit resistance zone. Waiting for price to retrace higher before deciding to short it. entry - 4.22 Disclaimer: The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the trade. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. I am not responsible for any liabilities arising from the result of your market involvement or individual trade activity
COMEX:HG1!Short
by sonicrmastery
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.
COMEX:HGK2021
by commoditybulletin
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 .
COMEX:HGK2021
by commoditybulletin
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)
COMEX:HGK2021
by commoditybulletin
1
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!
COMEX:HG1!
by razuman
2