XCU Copper Great bullish momentum for months.
Key Question - Could we head higher or go lower?
We have a pattern with trend-lines to add confluence. Taking whichever way it breaks - Could add alerts or orders to make it easier. Don't forget to keep in mind USD. On the DXY we are a key area.
This is just trade idea, not a recommendation...
Copper - where I check is there risk on or off sentiment. Now Copper is an interesting currency technical wise, Will we get pull back as we've reached 161.8 Area. Whilst checking Copper, waiting for pull back before run up - perhaps check other commodities as well such as silver and gold. Long term perspective copper price seems optimistic.
Now remember: This is...
It has been a long & painful timeline to say the least with ARS but I think finally we are now on a good turnaround for the company.
Bear in mind that BoD have bought shares all the way up & same as Asipac.
We have now a new partner Aeturnun Energy which has recently bought into the company.
Aeturnun Energy 19.99%
Asipac Group 8.16%
Check timeline properly.
Every year around spring a swing starts on the upside as we kick start drilling operations.
BoD are all aligned with shareholders at a much higher price, why? because they believe in the project.
We ask ourselves why they would do a placing now? Because that's what normally mining companies do ahead of drilling as they need the cash.
Sell Antofagasta (ANTO)
I have stayed out of stocks for a few weeks, but now I am ready to start fading this recently rally in anticipation of a fresh wave of selling. Looking at the index charts (will post shortly) there is scope for a bit more upside in the very short term, but it is looking increasing limited.
I have posted 2 entries on ANTO - Hopefully...
Buy KAZ Minerals (KAZ)
KAZ Minerals PLC is a United Kingdom-based copper company. The Company operates in the natural resources industry through five segments: East Region, Bozymchak, Bozshakol, Aktogay and Mining Projects. The East Region, Bozshakol and Aktogay segments are engaged in mining and processing of copper and other metals in Kazakhstan.
After seller exhaustion comes the bulls and I believe we are very close of a turn here which will take us to 3.64p-5.6p with right news.
I believe seller should be or is out as bulls come in.
Permit should be coming any day now after xmas holidays.
Gap to fill at 5.6-5.8p!
Medium term I can see us touching 8.48p
Long term 15p
copper price doing well as of...
Copper (spot) - Intraday - We look to Buy at 2.6650 (stop at 2.6450)
Although an initial dip was posted, buyers emerged and follow through bullish momentum resulted in all the previous day's losses being overturned.
Trading inside the Daily Ichimoku Cloud. Price action has posted a bullish Engulfing Candle and is positive for...
An amazing asset value company with newsflow
Copper & gold play.
potential financial partners in talks at moment
Several assets within Indonesia
An amazing track record BoD
8p 1st target with 15p mid-long term. 15p+ on big news.
At great value at moment & a bargain considering the assets.
Keep an eye here for T-line break & close above
we had a bullish divergence happen recently and bounced from the support which was previous resistance back in 2015
1.7p-1.8p is next resistance level & a few resistance areas like 200ma so be wise & slice accordingly - Don't hold forever.