QC1! trade ideas
Gundlach ratio suggests 10 Year Yields will continue to climb. The Gundlach ratio tracks the ratio of copper prices to gold as an indicator of future US 10 Year Yields. Gundlach believes in the predictive value of the ratio since copper is sensitive to swings in the economy, while gold climbs when investors get frightened. You can see the correlation with the US 10 Year Yield rate is around at least 95% most of the time, although the correlation does loose connection, but then returns.
Copper has been on a tear (especially since the Chinese returned from their Lunar Holiday) hitting a most recent high of 4.18 per lb, while Gold has dropped below $1800, bottoming at 1760 at the prospect on real yields becoming positive. This has increased the Gundlach ratio and you can see how US10Y rates have also been driven higher.
With copper forecast to go even higher and Gold's future potentially a little less certain (especially as funds are diverted to Bitcoin) this bodes well for future higher 10 year rates.
Copper looks to hit $4/lb quickly.Looks like copper is ready to break the upper trend line and hit $4/lb+ on this move. Strong momentum likely carries it past $4/lb before a retracement perhaps back to the upper trendline (new support).
I really like the setup here.
Copper seams to be the best trending futures marketAdded to my position after the bounce of prior swing high.
Targets: 3.9 and 4
Copper Long Trade adding to the position on pullback to POCCopper and Platinum are the best metals for swing trading
COPPER (LONG-TERM)After hitting the 1.618 Fibo Extension, the COPPER is ready to go DOWN... Really DOWN...
THE 4 HOUR TIME FRAME OF COOPER /HG1! ( LONG FOR A WHILE.)IN FOUR HOUR TIME FRAME THE PRICE WILL HIT THE HIGHER BORDER OF THE CHANNEL / FLAG DUE TO BULLISH MOMENTUM. THE PRICE ACTION THERE WILL GUIDE US.
Possible path for HG1 !First the price will hit the ascending trend line to 3.80 after I expect rejection at least to 3.05 or 0.382 fibo.
Traditional|HG1!|Long and shortLong and short HG1!
Activation of the transaction only when the blue zone is fixed/broken.
Working out the support and resistance levels of the triangle consolidation.
* Possible closing of a trade before reaching the take/stop zone.
The "forecast" tool is used for more noticeable display of % (for the place of the usual % scale) of the price change, I do not put the date and time of the transaction, only %.
The breakdown of the upper blue zone - long.
Breakdown of the lower blue zone - short.
Working out the stop when the price returns to the level after activation + fixing in the red zone.
Blue zones - activation zones.
Green zone - take zone.
Red zone - stop zone.
Orange arrows indicate the direction of the take.
Red arrows indicate the direction of the stop.
P.S Please use RM (risk management) and MM (money management) if you decide to use my ideas, there will always be unprofitable ideas, this will definitely happen, the goal of the system is that there will be more profitable ideas at a distance.
Copper shortI think its reached the resistance zone.
@AMGO_Markets
Plz check and suggest if right or wrong markings. Kept stop at red dotted line entered @ lower green line/ supply zone bottom
I dunno target...zzz
COPPER - Updated chartOur updated chart shows that clearly the price is in a descending channel.
Our take profit levels are broken down in 4 layers.
The price of Copper will be depending on mainly Asian and other indices performance, especially the more industrial ones.
Copper / XCUUSD correction / buy opportunitycopper is in strong uptrend. As many other commodities. But at the moment looks like some correction is in front of us.
Copper is heading to a new ATHFundamentally, COMEX:HG1! has a potential with the new green economy and its new applications. China was the dominant consumer of it but in the next term, not a country or countries but a sector, including EVs, will dominate the market and prices.
This is a long term prediction. I think current supply CAPEX is not enough for the next term. Thus, we can expect further real price increases in the next term.
The chart is based on Wyckoffian method. I think this is a re-accumulation phase. The next step will be the sign of strength.
POISTIONAL MCX CALL DATE - 02/02/2021POISTIONAL MCX CALL DATE - 02/02/2021
BUY MCX COPPER @ 591 - 592
ADD MORE 585
STOP LOSS - 580 CLBS
TARGET - 600 605 610 615 NEW HIGH ++
@tradingandeducationsupport
COPPER showing strength. Buy opportunity.Pattern: Channel Up on 1D.
Signal: Buy as the RSI and MACD are approaching their Support levels, while the 1D MA50 (blue trend-line) is closing in.
Target: 4.200 (the 3.5 Fibonacci extension).
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COPPER -Volatility inbound Most likely will rise (70%) chance, volatility inbound is guaranteed.
Asian stock markets rising fast = Copper demand can grow
Dollar issues = Copper can rise
= fundamentals are for Copper to rise, hence I am buying
Copper (Futures) target 4.40 for wave 3Copper overall looking really good from a technical perspective, slightly shallow wave 2 pullback, but nevertheless, still valid for a 1-2 start. Target for the next top is the wave 3 to around 4.40, followed by a wave 4 pullback to around 3.77, ending in a wave 5 to around 5.42 to complete a 5 wave cycle.
Disclaimer: The proceeding content is informational only and based on information available when created. It is not an offer or a solicitation nor is it tax or legal advice. It does not consider your financial circumstances and objectives and may not be suitable for you.
Copyright Rohan Karunaratne 2021
