Looking for price to hold at this levels
unfortunately it lost the trend line but not all is lost.
plenty of newsflow to come over summer and always time for swings.
last placing was at 11p for £7.2 Million so I'm sure this level should hold.
17.55p a better target based on distance between both highs. but will check again once we hit 16p which I think we will.
RSI about to break last highs and looking good at moment.
CCI down trend broken and on a bull run.
One of my long term favourites since 2.20p
Ben trading in and out but more recently came back in as long term as well as a trading pot.
Target 16.15 & 17.60p - Believe we will get closer to the latter based on distance between the last two highs
Now the red upper channel has been broken, will the bulls push Copper on up to the upper BLUE channel, or will it break out of the current Orange parallel channel before doing so? I'm bullish (at the moment).
The chart preparatory. I do no predictions. If the situation with CUUUSD unfolds I will assess it carefully to decide at that point whether I go long or short.
At the moment CUUUSD is weakening on the daily charts having reached a key inflexion point on the weekly time frame. This is not surprising.
Some traders want to know in advance whether price is going...
· Gross Revenues double to $1,938 million (2016: $969 million) as the Group delivers production growth into stronger commodity markets
- 2017 full year copper sales volumes of 256 kt (2016: 141 kt)
- Revenues in income statement of $1,663 million (2016: $766 million), excluding $275 million of pre-commercial revenues
· Gross EBITDA of...
#Copper (HG) putting in a good year end performance. Price up +60% from Feb'16 lows. Good fundamentals for more upside into 2018? #LME 7000 level will be a tester (approx 3.18 HG)?! Resistance 3.27 then 3.58?? Support 2.96? #Renko
#Copper (HG) on the turn? (+0.71% this morning) Or will it find resistance around the 61.8% Fibonacci at 2.8130? Hitting a lot of price noise at current levels 2.9845 (approx mid 6500's in #LME world). Good fundamentals / relative value upside play?
#LME #Copper at $10000? May take some time getting there!? A lot of noise in between! Fundamentals are starting to fall back in place once more though. Got to crack the 7000 barrier 1st (approx 3.1/3.2 on #HG). Nice longer term pattern forming on #Renko ? Cur trading 3.075
Copper has a head and shoulders pattern in the weekly chart and breaks through the neckline. After breaking the head and shoulder mode, the theoretical target of copper is 3.6-- 3.7.
Copper has shown signs of stabilizing this week, and the four-hour chart shows the copper again forming a small level of head and shoulders, and the neckline has broken through....
2nd phase of consolidation, expecting breakout to be triggered by heavy news flow from further drilling data and feasibility study related data (FS expected early 2018). Soon to enter development phase and popular copper related stock. Stock tightly held and moves quickly on light volume.
Fundamentals around Copper, Steel rebar, Iron ore, Coal not looking so rosy currently. Technically Copper HG looking weak. Dec'16 lows could be next resistance at 2.4785 (Approx LME 5500), a further significant break here could see 38.2% Fib area tested (2.3425) then Nov lows of 2.09. Support may be found at 2.5935.
COPPER HG HG1 HG1! respected the Trendlines highlighted in the previous posts; on the 4-hour chart it followed the Simple Moving Average ribbon as well.
A triangle formation is being reached now.
Could be a Continuation Pattern upwards.
COPPER HG HG1
Like last week, just more confusing
Gann fan forming maybe?
Price might Fakeout and bounce again.
#Patience and wait for a sign.
If I had to bet now I would say Long but - again - let's wait for a clearer view.
Copper HG1! has been trading in a channel lately, and in a couple of trades we profited by the bounce on the descending trendline (magenta in the chart).
Indicators look still quite bearish while the triangle pattern might suggest a continuation pattern high as I think it will go this direction but let's wait for confirmation.
Be ready for action!