Crude oil market analysis
Today's crude oil is concerned about the position of yesterday's low, short-term weak shock, closed negative for two consecutive trading days, short-term can rebound empty it, but the large weekly line of bulls is not dead, if the short broke 77.00 this position, the weekly line of bulls trend is difficult to keep, last week's low...
Pair : Copper - CU
Description :
Completed " 1234 " Impulsive Waves
RSI - Divergence
Break of Structure
Bearish Channel as an Corrective Pattern in Short Time Frame with the Breakout of the Upper Trend Line and Retracement
Pair : Copper
Description :
Rising Wedge as an Corrective Pattern in Short Time Frame and Rejection from Upper Trend Line
RSI - Divergence
Break of Structure
Completed " 1234 " Impulsive Waves
Fibonacci Level - 78.60%
Copper (HG1!) is trading on its 1D MA50 (blue trend-line), on a Bullish Leg following the February 09 2024 rebound. That was a Lower Low within the Channel Down that started in December. The long-term pattern is a Falling Wedge and being much closer to its top, after the January 31 2024 than its bottom, this is a strong sell opportunity.
The August 2023 Lower...
Pair : Copper - CU
Description :
Bearish Channel as an Corrective Pattern in Short Time Frame and Breakout the Upper Trend Line and Completed the Retracement
RSI - Divergence
Double Top as an Corrective Pattern in Long Time Frame and Rejection from Daily Resistance
Break of Structure
Copper futures fell further to around $3.8 per pound, marking a weekly loss driven by concerns over demand from China and heightened US interest rates.
China's manufacturing sector contracted for the fourth consecutive month in January, contributing to the negative sentiment.
With a robust US jobs report, expectations of a Federal Reserve rate cut in March have...
Pair : Copper - CU
Description :
Completed " 12345 " Impulsive Waves and " A " Corrective Waves. Bullish Channel as an Corrective Pattern in Short Time Frame with the Breakout of the Lower Trend Line and Retracement. Rejection from Fibonacci Level - 78.60% / 100.00%
Dr. Copper has recently demonstrated signs of strength, largely attributed to China's stimulus measures. This price surge is occurring within a pattern of consistently higher lows since the lows of 2023. It's important to highlight that this upward momentum previously broke through the downtrend line stemming from the highs of 2023.
Following its breakthrough of...
Pair : Copper - CU
Description :
Completed the Breakout of Lower Trend Line of the Corrective Pattern " Bullish Channel " in Short Time Frame. " 12345 " Impulsive Waves and " AB " Corrective Waves will be completed at Fibonacci Level - 78.60%
This diversified mineral explorer stock is closing in on a decision!
Note: CEO Warren Stanyer is a regular buyer of this stock -- owning 13% relative to other top shareholders.
Copper is very close to losing criyical support.
If this daily chart trendline breaks, there is a big move down into the next support.
Copper Equity stocks are already teing us aa likely breakdown in the commodity is coming.
Is this base metal signaling weaker economic demand & growth?
Pair : Copper - CU
Description :
Bullish Channel as an Corrective Pattern in Long Time Frame with the Breakout of the Lower Trend Line and Bearish Channel as an Corrective Pattern in Short Time Frame and Rejection from Upper Trend Line. Completed " 12345 " Impulsive Waves and making its " A " Corrective Wave. We have LL - LH and Break of Structure
If you trust the recent 9/20 day moving average crossover enough to short copper, today's bounce back toward the 9MA might be a good one to sell.
When setting a profit target to the downside, a harmonic trader could project a shark with its C-point (D-point in the diagram) in the neighborhood of 3.5365 (red circle), for about a USD0.25 profit per contract. This...
On the left we see in formation the final leg of a nice ABCD harmonic pattern in copper futures— if it forms. The moving average crossover suggests otherwise.
For further guidance, we can examine Dr. Copper's price pattern since commodity prices started to settle down in early 2022.
Your move. We would find it acceptable not to do so for at least a few days.
Copper is in continuous ascend mode this past few days / weeks after touching an important major order block at 61.8 FIB levels. Since then, significant net accumulation has been registered on a daily basis.
Expect some generous price growth from the current price range. A seed from here is ideal while it's still in a slow roll ascend -- but not for...
Pair : Copper - CU
Description :
Bearish Channel as an Corrective Pattern in Short Time Frame , Rejection from Lower Trend Line. Completed " 12345 " Impulsive Waves at Daily Resistance Level and making its " A " Corrective Wave. Break of Structure
COMEX: Micro Gold ( COMEX_MINI:MGC1! ), Copper ( COMEX:HG1! ), Aluminum ( COMEX:ALI1! )
2023 is coming to an end. What are some of the biggest headlines of the year?
• China’s ending of Zero-Covid gave hope to global economic recovery and an increase in commodities demand, but it was short-lived;
• U.S. regional bank crisis triggered a flight to safety;
• U.S....
Pair : Copper CU
Description :
Bullish Channel as an Corrective Pattern in Long Time Frame and Rejection from Lower Trend Line. Rising Wedge as an Corrective Pattern in Short Time Frame with Strong Divergence and Break of Structure
Entry Precaution :
Wait for Rejection or Breakout
