Pair : CU - Copper Description : Completed " 12345 " Impulsive Waves Break of Structure RSI - Divergence Bullish Channel as an Corrective Pattern in Short Time Frame Fibonacci Level - 261.8%
Prices rally around 15% this month and break another threshold, hitting the highest levels in two years. The advance brings the record peak of 2022 in the spotlight (5.041) and given the improved supply-demand dynamics, that level looks within reach. There is optimism around increased need for the non-ferrous metal due to the green energy transition and the...
Copper has been in an uptrend since february 2024. Price is currently outside Bollinger bands (50 period). Some of the reasons copper has been rising is near term demand and shortages, some articles pointing out to data center demand for copper for the AI boom. With Nvidia, intc, amd and other tech stocks showing weakness in last week, my opinion is that it...
If the markets continue to allow the metals to perform, copper could EASILY fly to $4.75 or higher in less than a year. DYOR Trade Slick
Pair : CU - Copper Description : Completed " 1234 " Impulsive Waves Break of Structure Demand Zone Rejection from Ascending Trend Line Fibonacci Level - 50.00%
As of April 23, 2024, CAPITALCOM:COPPER is trading right above the multi-week high (from January 2023). CAPITALCOM:COPPER moved above this resistance last week and is currently testing it. With the stop loss below the low of last week, I think it is appropriate to open a long position here with the target price around 5, as shown in the chart.
Alot of things going on this year . Like 2017 , 2020, the solar eclipse, the presidental election and war and economy/ countries making news headlines , etfs and gold and btc rallys
Folks know my opinion on inflation being in a generational bull market. Generically speaking I am looking for thematic trades around this when they present and I have been long some metals/miners. Copper looks to be headed higher in the weeks ahead despite the pattern portraying a series of a-b-c moves.
Holding copper due to strong fundamentals, long trade idea. SL moved to Break even and partial profits taken
World copper can take up price about 5Dollar you can utilize in your stock market
Show me $4.50/lb copper. I'm ready for it. A bull run could top far higher than that too. I think $4.50 is a very conservative speculation. DYOR. I go strictly by the charts.
Copper is crushing it! I've been trading commodities for a long time now and thanks God is finally showing. Besides Oil, copper was one of the best trades this last quarter: (the second could've been maintained for better gains) but this is the way I trade commodities, Check the trend (very simple, up or down) Look for chart patterns (we see a big Head and...
COPPER, What's the deal with this shiny brown stuff that I hear everyone steals? Should I steal copper or is there a better way? What do I need to know? What is the fast summary to catch me up? First, let's talk about the technicals. Some massive trends, all strong. price targets labeled there are numbers that go pretty high, but it seems a retracement might be...
Copper continues to rise in price. In addition to the fundamental factors, there is some sentiment from the options market that the quotes may rise further. Call 4,3 $ - 56 days before exp. The unusual interest in this level suggests that there's a positive sentiment among option traders.
Technicals Prices hit fifteen-month highs this week, extending the recent rally. Copper is on the verge of another breakout, eyeing the January 2023 highs (4.356), which could open the door for further gain towards 4.579. On the other hand, the Relative Strength Index (RSI) did not follow the price action and diverged lower on the H4 chart. This can lead to...
Copper has completed its 2nd wave correction and is now ready for a rally
Nice uptrend pullback and breakout. It can go up, still have a big potential
Pair : Copper CU Description : Exp FIAT as an Corrective Pattern in Short Time Frame with the Breakout of Upper Trend Line Break of Structure RSI - Divergence Consolidation Phase in Short Time Frame Completed " 1234 " Impulsive Waves