copper futures long term playas seen the market broke trendline i will wait for a higher high or break last wick this is a long term play
CA1! trade ideas
Break out soon in MCX CopperVolatility compression seen in MCX Copper. Also we can see the Inverted Head and Shoulders pattern and price trying to break the Flag. Once the flag break out happens successfully, then there can be a big rally in MCX Copper.
Supply Risks may support Copper Financial Futures PriceSupply Risks may support Copper Financial Futures Price
Dow Jones News Wire August 16,2024 :
"Base metal markets are digesting weak Chinese industrial output data and supply-side issues,
A strike at BHP's Escondida copper mine in Chile could affect more than 5% of the global supply, while several mines in Chile have yet to finalize wage discussions
Even a slight loss in supply from these labor negotiations could cause the market deficit to increase. That is capping concerns about weaker demand over the next few months"
Extreme Real Value Indicator gives reversal signal on the weekly chart.
Price Target levels are shown on the chart.
20240815 HGU20241) Did I follow my plan?
A) Entry
B) Exit
2) What mistakes did I make?
3) What could I have done better?
4) What rules will help me with the above?
Price levels that induce Fomo #1These price levels are dangerous for retail traders. They are highs and lows of price strucutre. They are walls where price has bounced mutlitple times. They are prices where some traders may begin to chase price in attempt to catch the trend and not miss out. At the same time, they provide great entries for mean reversion traders. Watch and Learn and safe trading.
copper mcx update edu pur. copper watch 762@ as per recent weekly high low retrace if mkt stya blw thna nxt dn side expect 740--718 possible or mkt come dwn or hold abv 762@ than mkt dedicate bounce 800-813 thna after new high possible dontmiss it breakout
COPPER signaling the start of rate cuts? Potential danger ahead.Copper (HG1!) completed two straight red months following May's High at the top of the 3-year Rising Wedge pattern. Last time the commodity formed this pattern was back from May 2006 to September 2008. In fact the recent May 2024 Higher High resembles that of May 2008, whose rejection broke the Rising Wedge downwards.
As you can see, during both patterns, the US10Y (orange trend-line) stopped rising and turned sideways on Lower Highs, while the U.S. Interest Rate had peaked and started falling.
What 2006 - 2008 suggests, is that possible rate cuts may be ahead of us, pragmatically the markets have already priced this to a large percentage in September. But at the same time, it highlights the danger of a market-wide collapse, as the first month after the September 2007 rate cut, the stock markets peaked and the U.S. Housing Crisis begun.
What could be different this time and avert a new financial crisis of such proportions is that the stock markets haven't shown any signs of correcting yet. As a result, potential rate cuts may have a mostly positive bullish continuation effect as post July 2019.
What do you think will happen next? Bullish continuation or new Bear Market?
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Copper (HG) - Look for Longs?While the decline in copper persists, @HG is nearing areas of previous demand on intermediate-term timeframes. Specficially, we will be watching the industrial metal's action between the prices of 4.1130-4.0605 (with hypothetical stop lower @ 4.0250). Given the current momentum and potential add'l downside per larger timeframes, we recommend watching for micro-TF trend violation/reversal confirm signals before establishing positions. This idea is bolstered by a backdrop more broadly of metals having pulled back and a AMEX:USD that looks vulnerable vs. physical assets over the longer-term. Of course "Dr. Copper" is more closely linked to the global economy vs. GC (which we like better), but price, ultimately, remains undefeated + copper will become a value buy at some point...
Godspeed,
JHart
COPPER ANALYSIS
The market from May 2021 have been corrective in nature, I am currently counting as expanded flat for intermediate wave 2. The market is currently in minor wave C which will be bearish impulsive wave. If this count is valid, it will drop the market to the price range of $2.8290 to $3.1555 per lb. i.e 0.5 to 0.618 fib level retracement of intermediate level 1. The market still remains the final arbiter, and the count will be updated as the market progresses.
Copper (HG) Double Three Elliott Wave Correction in ProgressShort Term Elliott Wave View in Copper (HG) suggests that correction from 5.20.2024 high remains in progress. The internal subdivision of the correction is unfolding as a double three Elliott Wave structure. Down from 5.20.2024 high, wave (W) ended at 4.305 and rally in wave (X) ended at 4.7015. Wave (Y) lower is in progress as a zigzag structure. Down from wave (X), wave ((i)) ended at 4.551 and rally in wave ((ii)) ended at 4.657. The metal then extends lower again in wave ((iii)).
Down from wave ((ii)), wave (i) ended at 4.476 and rally in wave (ii) ended at 4.6025. The metal turns lower again in wave (iii) ended at 4.2 and wave (iv) rally ended at 4.242. Wave (v) lower ended at 4.162 which completed wave ((iii)) in higher degree. Rally in wave ((iv)) is currently in progress to correct cycle from 7.10.2024 high in 3, 7, or 11 swing before it resumes lower again. Near term, as far as pivot at 4.701 high stays intact, expect rally to fail in 3, 7, or 11 swing for further downside. Potential target lower is 100% – 161.8% Fibonacci extension from 5.20.2024 high. This area comes at 3.6 – 3.81 where support can be seen.
copper mcx chart analysis blw edu pur.yes copper melted like ice bwl 860 hope u enjoyed now double bottom support looks 830 near if mkt hold abv than again dedicate bounce expect till 850-60++++++ or if break this pattern than more slide will continue dontmiss this pattern
Gold's Next Big Move: Is This the Reversal Point?4-Hour Chart Analysis
Trend Identification:
Higher Highs (HH): The chart shows a consistent formation of higher highs (HH) which indicates an overall uptrend.
Higher Lows (HL): The chart also demonstrates higher lows (HL), further confirming the uptrend.
Key Levels:
Resistance Levels:
Around 2,480 and above are marked by HH.
Support Levels:
2,429.42 (1HR LQZ / Reversal Point)
2,391.39 (4HR LQZ / TP 1)
2,349.05 (TP 2)
2,288.09 (TP 3)
2,265.37 (TP 4)
Price Action:
Triangle Pattern: A triangle pattern formed in June indicating consolidation before a breakout.
Current Movement: The price has moved up to a higher high but is currently in a retracement phase, testing the 1HR LQZ / Reversal Point around 2,429.42.
Projection:
Potential Reversal: If the price holds above the 1HR LQZ / Reversal Point, it may indicate a reversal back towards the higher levels around 2,480.
Support Tests: Failure to hold may lead to testing lower support levels at 2,391.39 (4HR LQZ / TP 1) and potentially further down to TP 2, TP 3, and TP 4.
1-Hour Chart Analysis
Detailed View:
Provides a closer look at the recent price movements.
Confirms the higher highs observed in the 4-hour chart.
Key Observations:
Recent High: The price recently reached a new high around 2,480 before retracing.
Immediate Support: The price is testing the 1HR LQZ / Reversal Point around 2,429.42, aligning with the 4-hour chart observations.
Trading Opportunities:
Long Position: If the price shows strong bullish signals and holds above the 1HR LQZ / Reversal Point.
Short Position: If the price breaks below the 1HR LQZ / Reversal Point, with targets at lower support levels identified in the 4-hour chart.
Summary
The charts indicate an overall uptrend with recent higher highs and higher lows.
Current price action is in a retracement phase, testing key support levels.
Monitoring the 1HR LQZ / Reversal Point will be crucial for determining the next move, whether it will resume the uptrend or test further support levels.
If you need further analysis or specific trade recommendations, feel free to ask!
Copper testing 4.50/ATHCopper is testing all time high right now.
I published this idea almost 3 years ago, oh my, trading is not for impatient people :
Currently there is short term speculation that copper buyers might buy a substitute, and news that producers are reducing output. Short term!
The news is the manifestation or what is happening on the chart, or is it the other way around? Both the talking/news/speculation and chart are asking the same question : Is the price actually going to go up, past $4?
People finding substitutes is probably very minor and just an answer to prices getting high, physical buyers are shy - FOR NOW - about buying at all time high. Literally the same as traders. Exact same thought process. Substitutes are not as good, it may only cover something tiny like 3% of the demand.
Also output getting cut pushes prices up, why are producers struggling to maintain margin at these high prices? Maybe everyone needs to stop coping and realise inflation is a reality and bear were right.
I cannnot pinpoint the bottom. Any strategy could work I imagine, buying a pullback when it strats going up, buying breakouts, trying to catch the short term bottom without a stop to tight (or it's just catching falling knives), some macd cross strategy, dollar cost averaging. 61.8% fib, previous high retest, buying on some trendline or moving average. Also patterns such as flags.
From experience I believe the entry strategy isn't that important, what is most important is cutting losses, taking good trades based on an intelligent analysis, and high risk rewards - being able to cut trades quickly regardless of being wrong or right.
No matter the entry strategy I am convinced of two things: No matter the strategy FOMO never works out, and I always use a stop.
I am not 100% convinced it will go way up to $8 or even above 5 but I do not care about being right, I care about taking risks to make money. This caught my eyes 3 years ago and it looks juicy!
July Seasonal Long Copper HG1!: Seeking Gap & clean highs-We retraced down to 50% of the 2024 up leg, finding support.
-We neatly found support at the Volume imbalance W and the midpoint of the Fair value gap M, circa 50% of said 2024 up leg.
-July has a strong bullish seasonal tendency.
~The plan would be to take partials (half off) in the gap (FVG- fair value gap) circa 4.75; and move stop-loss up to trailing.
~If this runs up hard & fast, ideal target would be the high time frame clean highs 5.24
~Timestop: End of July marks end of seasonal bull, so depending on the price action context, i'd be inclined to close the trade as we enter into August.
~If this proves bearish and i'm wrong, I would close the entire position if we come any lower than a mere peep below the late June low; stop-loss would be at 4.31
**B-ADJ toggled ON; SET toggled OFF.
**Just an idea for paper trading purposes, not financial advice.
Copper with a strong buy signal. May now rise to USD 1,200.Technical Analysis of Copper
The copper price is in a long-term rising trend, from back in 2016 (cf. chart), and a further rise is signaled in both the short and medium term for copper.
A strong technical buy signal has also recently been triggered for Copper, and after breaking up from a large right-angled ascending triangle consolidation formation.
The potential indicated for Copper according to this large consolidation formation is indicated by the red dashed lines in the chart.
A potential for Copper is thus indicated at around USD 1,100 - 1,200 in the 6-9 month term.
Furthermore, there is now a significant technical support level for Copper around the USD 825.00 level (the previous resistance level that Copper recently broke above and then triggered a strong technical buy signal).
The overall technical picture for the Copper price is therefore very positive, and further indicates a significant rise for Copper, and then preferably to around USD 1,100 - 1,200 in 6-9 months' time.
There is now little technical resistance to a further rise for the Copper price within this long-term rising trend.
What could possibly change today's very positive technical picture for Copper would be if the price were to get an established break below USD 800.00, and there should now be significant technical support for Copper between USD 800.00 - 825.00.
lad os sethis is a nice idea 123123213123213123te webdokumenter og websider i samarbejde med andre. En wiki er en moderne teknologi (web 2.0), som muliggør, at mange brugere i fællesskab opbygger indhold/viden. En wiki sætter grupper i stand til at organisere og dele indhold og viden på en organisk og fri måde. En wiki bruger typisk et simpelt opmærkningssprog til at formatere teksten med. Nogle wikier tilbyder dog WYSIWYG funktionalitet, så en bruger ikke behøver sætte sig ind i det anvendte opmærkningssprog før wikien kan anvendes.
Indtastede ændringer og tilføjelser er for nogen wikiers vedkommende umiddelbart tilgængelige uden at indholdet bliver gennemlæst af andre, dvs. også uden at ændringerne er blevet explicit accepteret eller godkendt først. Den resulterende samling af hypertekstdokumenter, også kaldet enten "wiki" eller "WikiWikiWeb", er typisk produceret af adskillige brugere
Mange wikier kan med det samme genkendes på deres brug af WikiOrd (eller CamelCase). Disse produceres ved at bruge stort startbogstav for hvert ord og fjerne mellemrummene mellem ordene; dette medfører, at frasen automatisk laves til et link (Wikiped
Copper - Once again a snapshot of the '05 era compared to now
1989 - 2004 experienced years of sideways action then to a final blow off breaking out of pattern onto the next level. This blow off then resulted into a financial crash.
From 2006 (the first top of the '08 crash) to 2023, the market has also been sideways exactly like the past but of course in its own unique way.
Based on analyzing coppers trade pattern it seems that we're located in the times of 2005, three years before the '08 crash.
lets say the market is due to crash in ~2025 this exactly lines up with the clues in the past to say the market will crash in 2026.
With this data you can match your research to add confluence in your investment strategy, trade ideas, and much more.
*Not Financial Advice - DYDD*
Copper: Anticipating Potential Reversals Amid Bullish TrendFollowing a rebound at the $4.3320 Demand area, copper has started a bullish upside movement. In our analysis, we have identified two potential reversal points that align with recognized Supply areas and the seasonal trend analysis. These areas are critical for our strategy, as they indicate possible turning points in the current uptrend.
Additionally, within these identified areas, there is a confluence of Fibonacci levels. While these Fibo levels are secondary in importance compared to the Supply and Demand analysis, they still provide valuable insights into potential resistance points.
Given this comprehensive analysis, we are looking for short positions as copper approaches these key Supply areas. The confluence of seasonal trends, Supply area recognition, and secondary Fibonacci levels supports our anticipation of potential reversals, making this an opportune moment to prepare for short trades.
✅ Please share your thoughts about Copper in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
King obsession for Gold/Copper bullish candle opportunityCopper giant Codelco has reduced its production for another quarter, although it is expected to improve its data for the second quarter. Yesterday's close in the UK saw all metals mining companies close the market higher ahead of the parliamentary elections which look very much on track for a possible Labour victory. Precious metals and industrial metals mining companies were among the gainers, rising between 4% and 2.4% respectively, in line with gold and copper prices.
If we look at the gold indicators, while in the West they are beginning to show signs of increasing indebtedness in people around 30 years old, associated with the problem of sovereign debt generated by the financing of wars and various subsidies. On the other hand, markets such as China and India have been major buyers of gold in the last decade, and have a problem of excessive accumulation of savings, forcing the Chinese government to promote measures to increase spending and increase indebtedness. The truth is that Asians continue to increase their gold accumulation and this will end up affecting the West sooner or later as the fiat currency is beginning to experience a slump and many Westerners have begun to make a weekly/monthly purchase of gold in entities like Costco (NASDAQ:COST) which hover around 200 million according to data from Wells Fargo bank, and this may be fueling the bonfire of the vanities of the highest quality gold and silver like Kitco which may be the big winners in all of this.
We have on the radar today's holiday in the US where the Non-Farm Payrolls to be released on Friday and according to employment data released yesterday, this data was worse than expected, and this has softened the view of hopes of extending the current monetary policy until September. While the climate of the U.S. jobs report is not expected to change gold too much other than reflecting possible declines, it will not have long-term relevance, because literally:
"EVERYONE IS OBSESSING ABOUT GETTING MORE GOLD."
If hostilities in the Middle East do not escalate it is possible that gold will continue to rise towards $2000-$2300 and silver towards $31-$35.
If we look at the chart a fairly clear bullish flag is forming in both gold and copper. Copper currently has a high of $519.75 which needs to be pierced. Having a target profit taking zone around $580 if the breakout is met. On the other hand the RSI is giving us an overbought signal at 67%. And the price bell marks the current price as a stability zone in a mono bell shaped curve with the $455 with the current strong price zone. This could signal that if the precondition is met, a pullback could be managed as it does not appear to have major strength at this time.
Ion Jauregui – ActivTrades Analyst
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The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication.
All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information.
Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk.
COPPER : BULLISH REVERSAL - The market has been registering lower highs and lows for 6 weeks ; the short-term trend was then bearish.
- During that period, the market has evolved inside a bearish wedge pattern, a configuration that usually appears at the end of a bearish trend.
Indeed, this chart pattern is usually seen as the sign that sellers are becoming less and less powerful/numerous on the market, which tends to indicate a bullish reversal to come.
Very recently, we could have seen prices breaking-out of this bearish wedge pattern, confirming the bullish reversal scenario.
This move has also been supported by a bullish cross from both moving averages as well as the anticipated breakout on the RSI indicator.
- This is seen as a bullish reversal scenario, also supported by the prospect of a weaker US Dollar due to the incoming monetary easing cycle from the FED. The bearish wedge break-out has unlocked a new bullish potential towards $453.45, $466.15, $476.40, $486.65 and even above the $500 mark by extension.
Pierre Veyret, Technical Analyst at ActivTrades
The information provided does not constitute investment research. The material has no been prepared in accordance with the legal requirements designed to promote the independence of investment research and such is to be considered to be a marketing communication.
All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information.
Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk.
Is it possible that the price of copper will increase by up to 5If you would like to be notified whenever I post a new article, just click "FOLLOW" at the top. Also, if you would like to elaborate on a particular topic or need some advice, please comment below the article and I will be happy to help you.
Is it possible that the price of copper will increase by up to 50 percent in the next quarter?
Despite the initial rise in the price of copper futures in early May, we are now observing a moderate correction. However, there are several signs pointing to further demand growth and possible supply issues, suggesting that high copper prices will become the long-term norm from my perspective.
The electric vehicle industry is facing major challenges in the current environment due to rising prices of key metals such as copper.
Some crucial raw materials for the industry, such as nickel and lithium, may become more expensive in the future, further affecting the industry's costs.
A number of factors have contributed to the rise in copper prices in recent times. Among them, mining disruptions in Chile, Peru, Panama and Zambia have caused prices to soar. In addition, political developments could keep these levels high considering that demand will exceed supply in China for the next few years.
To discuss the global copper market, we need to consider two factors: ore production and refined copper production, which is the finished product that is traded on international exchanges.
In recent years, the mining sector has faced several problems. Most copper mining takes place in South America, with Chile and Peru as the main producers, but there are also other nations involved in production. However, episodes of political instability and environmental problems have caused a decline in the supply of minerals on the international market, especially in the countries of Chile and Peru.
In addition, another crisis recently occurred when one of the country's largest copper mines, located in Panama, closed permanently. This had a significant impact on the supply of copper ore internationally.
In contrast, there is the problem of refining. China is the leading country for refining, and with fewer ores available on the market, ore prices are steadily rising, putting a strain on Chinese refiners' profit margins. It is becoming increasingly difficult for them to make profits from refining.
In Chinese companies, there has been much discussion about a possible reduction in refining or an increase in control. There is also evidence to suggest that this cutback has already begun.
In recent times, the ore market has experienced some difficulty because of the Panama mine closure and Chinese discussions about refining. This has led to a degree of uncertainty about whether copper supply is sufficient to meet demand. In addition, the rapid transition of vehicles to electricity is also raising the prospect of increasing demand for this metal.
To fully understand the opportunities in the copper market, we will analyze the best companies in the industry. Usually, this requires the support of a financial advisor and incurs significant costs. However, thanks to TRADINGVIEW, you can access evaluations and analysis of companies in the sector for a small fee.
Using TRADINGVIEW, I performed an analysis on a major company active in the Copper industry. As shown in the image below, I gathered one crucial piece of data: the company has consistently exceeded analysts' forecasts, achieving higher profits and revenues than expected in the most recent quarterly financial statements.
Currently, Copper is in a good position in the market and I expect it to reach level 6 in the coming months with potential gains of 50 percent.
We look forward to seeing you in the next article! And remember, for successful trading always rely on TRADINGVIEW: an indispensable tool that can help you avoid serious mistakes during your trades.
