XCUUSD trade ideas
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
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
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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.
Copper Commodity USASun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
Focus: Worldwide
By Sun Storm Investment Research & NexGen Wealth Management Service
A Profit & Solutions Strategy & Research
Trading | Investment | Stocks | ETF | Mutual Funds | Crypto | Bonds | Options | Dividend | Futures |
USA | Canada | UK | Germany | France | Italy | Rest of Europe | Mexico | India
Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision.
#debadipb #profitsolutions