Major commodities, industrials, transportsCopper, aluminum, lumber, and oil are all trending downward while Industrials and Transports are trending upward with the general stock market.
COPPER trade ideas
copper short or longcopper is forming a descending triangle and ready for break out.
waiting for break out either down or up.
COPPER - Support HeldI have been watching the Copper price closely as it has a direct effect on JSE:AGL
I mentioned the 3.18 zone would be key to hold and so far price has reacted at the zone and bounced back to the 20 day moving average .
Consequently has also found support and moved back to the 20 day moving average.
I will be watching closely to see if a constructive pattern forms for a decent chance for a continued reversal setup
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
How To Go Short Copper (HG)Hi Traders,
This post takes a look at how we can go short on copper. There is a very simple setup to take if price does what I expect it to do. On the daily time frame, Price has managed to give a deeper rejection than I had anticipated in my last copper post, You will see that we are currently rejecting a resistance level on the daily, If you wanted to, you could add fib tool in order to add more confluence. We also have confirmed lower lows and lower highs and I would like to see the current structure price shorting opportunities to go with the overall trend.
On my trading time frame, Price is now facing a minor support level at 3.3800 which could give a short-lived rejection. I would then like to see the break below the level and retest so we can start looking for shorts. Because I am anticipation a new low on the commodity I will be holding my position all the way to 1.3100. The basic break and retest setup is what I will be waiting for on this one.
Looking at the flip side, the current near-term trend is still bullish and It could break the resistance shifting structure all the way bullish. Remember the smaller time frames eventually build into the higher timeframes. I will only be interested in buying above 3.4470.
be sure to keep an eye out on this one. Untill the next post.
Renaldo Philander.
COPPERFollow me to get profit from the market
After the pullback, we can enter the long position. We place a stop of 30 pips
You need to check for yourself
This is a suggestion
Trading is risky
copper can buy for fiboretracementfiboretracement now can buy for copper
Anglo copper output down year on year
Anglo American’s copper output is still suffering from lower grades and water shortages in Chile, while diamond guidance was lifted thanks to strong demand and operations.
Dr. Copper: Melt-Up is on the TableThis chart suggests that the global economy is not as bad as current sentiment is, at least for the rest of the year. It's hard to believe that given the Russia-Ukraine war, US inflation, Chinese lockdowns, Sri Lankan collapse, Turkish currency and debt crisis, so on and so forth. But these are not the first wars and crises in human history and markets move up and down. That said, I do believe that all of these problems will lead to global recession beyond this year but it's also possible that we are already in a recession which, like this chart suggests, is already ending... Yeah, I know, but melt-ups did occur during the Great Depression, so there is that...
Lets Kill Copper (HG) Back To BackHi Traders,
Looking at Copper (HG) Again, Since the last post it has effortlessly melted to my target. I Now see another short opportunity coming up and I am looking at making sure we can capitalize on the commodity.
The way I am playing this one is that I am using less risk as I would not want to give back any profit if the setup does not work. Looking at the technical, Price has created a small consolidation and then has managed break it with a strong engulfing candle. Price came back is retesting the resistance at 3.25.
I have already entered the position and I am looking to ride the next leg down to 3.0365 which I think will be a beautiful trade.
Let us see how this one plays out.
Renaldo Philander
Copper (HG) Double Top Setup In-Play Hi Traders,
Copper (HG) Double Top Setup In-Play, this is a very simple play due to the fact that we are still in a down trend and the lower high at 3.5640. We can see price tapped this price twice and then proceeded to fall. This surely shows that right now the bulls aren’t strong enough to push price.
We then see that a double top has formed and this has pushed price to break the neckline at 3.4750 and now we are currently retesting. I am currently short on the commodity and I would like to see bearish candles form in order for me to add more positions to my investment.
My target is the lows of 3.2740 where I will close my trade.
Be safe out there.
Renaldo Philander
First time for copperQuestion the title I had never done copper before so this is the first new to that chart, let me know if I miss something.
This is pretty cool of what I caught, 3.25 area supper is strong made a bullish dip reverse. Even tho this could make to 4.00 area if that reaches then we should see bulls take over throughout the breakout.. if the retest fails then should prepare the bears to push down the price a lot further.
Watch for reversals and be careful this is pretty damn spikey
Copper collapse from long distributionCopper has continued to break down after the long term distribution failed.
sell copper-short copperThose who make long-term deals can get a sell deal for the following targets.
tp1=3.5
tp2=3.27
Joe Gun2Head Trade - Copper at a key levelTrade Idea: Buying Copper
Reasoning: Copper oversold and trading at a key 50% Fibonacci retracement level
Entry Level: 3.5079
Take Profit Level: 3.6428
Stop Loss: 3.4763
Risk/Reward: 4.04:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Copper Capital.comCopper on 15 and 30 min making price action as breakout trendline buy for the target of 4.6500
COPPER Copper has rejected an important level also violated EMA's to show a clear correction. Natural gas following the same path lagging but to follow the similar path I think, Option Volatility in commodity currencies such as AUD,NZD have been of interest the past two weeks.
Selling commodities and Commodity currencies, Buying the Dollar and waiting for and an entry signal to get back in to Equities, My ideal trades till September.
Silver is leading Copper.
Copper is in a death cross: $3.5 is the next crucial supportThis week, copper plummeted to fresh 52-week lows, breaking below the $4 per pound support level held since April 2021. Prices have now reached oversold territory as the 14-day RSI went below 30 this week, and is currently trading at 22, reflecting the brown metal’s severe sell-off.
Moving averages have also created a so-called death-cross pattern, with the 50-day crossing the 200-day, possibly indicating a shift from a bull to a bear market.
Copper sales have surged as recession concerns grew significantly, especially in the United States. Inflationary pressures in many nations of world are much harder to control than expected, and they are also widespread in goods and services not directly connected to energy prices, requiring higher interest rates that would inevitably slow economic activity. Copper , being one of the most sensitive commodities to the economic cycle, suffers substantially during phases of slowdown in the US ISM Manufacturing index , as we explained in this analysis .
Copper prices are presently testing the $3.7 resistance level established in January ’21 and are down 27% from their March ‘22 highs. Below this level, the $3.5 pound support in December 2020 and January 2021 could be tested.
This is a crucial threshold for the Fibonacci retracement analysis since a fall below the 50% level would boost bearish' convictions and confirm the presence of a copper's bear market.
Copper Sell into 20 EMA.XCUUSD - Intraday - We look to Sell at 4.099 (stop at 4.135)
Our short term bias remains negative.
There is no clear indication that the downward move is coming to an end.
20 4hour EMA is at 4.100.
Preferred trade is to sell into rallies.
Our profit targets will be 4.011 and 4.001
Resistance: 4.050 / 4.100 / 4.130
Support: 4.000 / 3.950 / 3.900
Copper to buy a dip.XCUUSD - Intraday - We look to Buy at 3.971 (stop at 3.934)
With signals for sentiment at oversold extremes, the dip could not be extended.
3.971 has been pivotal.
We look for a temporary move lower.
Bullish divergence is expected to support prices.
Our profit targets will be 4.064 and 4.084
Resistance: 4.050 / 4.100 / 4.130
Support: 4.000 / 3.965 / 3.900
Copper Commodity USA Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
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Copper - ABCD sellAn idea for the sell of Copper , if an ABCD pattern (Large N Wave) is considered.
A time to look for a short would be the Fibonacci .618 retracement , which would be confluent with the potential trendline resistance.
Keep an eye on 4.10 and maybe there is movement to 3.850
A possible timeframe is suggested at bottom of the chart - Kihon Suchi periods 9 and 42.
XCUUSD Slips below Weekly CloudCopper opens the week on a bearish note, slips below 110-week EMA
Technical indicators are biased lower. Stochs and RSI show bearish momentum.
COPPER - Monthly as from June 2022! 02.01.2012 and 01.05.2012 including spike at 03.07.06 .. Bounce support 01.03.2021.Oh my Flipping Flipstix! X to 01 Jan 15 .. Orange dashed dotes! INTERSECTS EXACTLY WITH 3.8430! Picture paints a lot! Awesome. TA <3
