CPRUSD trade ideas
Copper overbought Copper has been in a huge uptrend due to global demand primarily in automotive but other sectors as well.
However, rising interest rates and geo political tensions will put a strain on trade and cause a sell off in commodities.
The technical pattern is rising wedge. It could take a few months for this to play out.
Inverse HeadnShoulders ?Looking for inverse HnS. Only entering on wedge break out and setting stops to BE, if neckline does not break (as I did today already^^)
The Copper Standard$1.20 worth of Australian 10c coins consists of 75% copper 25% nickel
Which means
12 x 10c AUD Coins = approx 2 Troy oz = (Cu = approx AUD) $6.31 x (2ounces x 0.75) + (Ni = approx AUD) $1.83 x (2oz x 0.25) = ($9.46 AUD + 0.92 AUD per 2 Troy oz) / 2 oz = 10.3763/2= $5.18 AUD
so if my math is correct, (and it is hard to get info on these metals in AUS, so figures are approximate) that means $1.2 AUD of 10c pieces is worth $5.18 AUD in metal
…Go figure
Shrapnel is now KING! Now I understand penny pinchers.
Ha ha haaa!
Is copper set to breakout towards 5.x ?Copper weekly chart show it is about to break upper trend line. There are many factors affecting copper price but technically it is going up towards $5.x
New trading strategy upgrade - CopperHi traders, this is my personal trading idea only. Please give an AGREE/ LIKE if you agree with my TRADING PLAN. 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. My trading strategy is Price Auction - PA using Price movement only, your comments are highly welcome. Trade well & Good luck guys.
WTFWhat's driving copper right now? Is this anticipation of worldwide inflation or something? I can't make sense of this. Is this related to oil? Someone helo me.
Ichimoku: Survey COPPER You believe that? Ichimoku: Survey COPPER You believe that?
if you like my strategy, please strictly control the single loss between 1-2%. We have played many games in the market. The investment itself is very low-risk, and irrationality is the biggest risk.
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I can analyze the market in a short time, involving foreign exchange, encrypted currency, commodities and stock indexes.
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Copper is ready for higher pricesCopper's been trading tightly above the 50d/200dsma and is joining the commodities boom seen in agriculture and energy
Here's a view of the weekly chart with the 50 week moving average. That tightness in price action is exactly what you want to see before a major move higher. Measured target is at least mid 5s
New trading strategy upgrade - CopperH traders, this is my personal trading idea only. Please give an AGREE/ LIKE if you agree with my TRADING PLAN. 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. My trading strategy is Price Auction - PA using Price movement only, your comments are highly welcome. Trade well & Good luck guys.
copper 45 min assumption(short term)flat pattern assumption, expecting the next leg.
Copper price has been ranging for a while.
New trading strategy upgrade - CopperI am still expecting the price will drop sharply in the near further towarding a new lower low.
Hi traders, this is my personal trading idea only. Please give an AGREE/ LIKE if you agree with my TRADING PLAN. 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. My trading strategy is Price Auction - PA using Price movement only, your comments are highly welcome. Trade well & Good luck guys.
COPPER Hrly Short | algo tradingCopper hrly short
shortstop @ 4.4788
TP #1 @ 4.4541 75% wr
TP #2 @ 4.4271 50% wr
SL @ swing high 4.5395 17.50% hr
WR and HR determined from past trades on this metal
More trades like this on my profile and on Bifrost Trades.
Copper Futures Analysis Aug-17-2021If copper futures price breaks below the lower trend line there is a possibility it will touch 3.8 level in few weeks.
Copper Futures : H1 Short Bearish Flag PatternThis is second Bearish Flag Pattern in Copper Futures chart. Enter a short position now or when it touches the resistance area.
Copper Futures : Technical AnalysisCopper has broken the lower trend line second time, it made lower high on Aug 30 2021. I think it is heading towards 3.7 - 3.8 area to make another lower low.
Time For BuyUptrend has been started ,, so put stoploss below the trnd line and for buy with strict stoploss
Time For BuyAs market Coudnt make the New Low . So we can say thats the time for Reversal or Uptrend ,, So maintaining Our Stop Loss 4.4577 .we can Go for Buy ..
Copper MCX ViewCopper in a tight channel, and looks to be in range, swing trade is possible. more details in chart!
New trading strategy upgrade - CopperThis is my key trading product next week in my plan. very potential to buy with very tiny SL margin.
Longcame to test trenline . If it makes a reversal sign with hitting our Stoploss at 4.4700 and if it breaks the upper trend line .. market will go up and hit our 1st tp at 4.5538
