Price action on copper has caught our eye, as its pullback from the YTD highs has paused above the November highs despite a surging US dollar. RSI (2) is overbought on the daily chart, and yesterday’s Doji held above the 20-day EMA. It's also holding above $4.00, whilst money managers and large speculators have continued to increase their net-long exposure to...
Copper prices may remain under pressure in the coming months due to investors' apprehension about China's growth prospects in the wake of the 20th National Congress of the Chinese Communist Party, which disappointed the market. Since September, copper prices have fluctuated within a relatively narrow range (3.2-3.6) after the earlier sharp declines occurred this...
looking for a long set up in copper with confirmation. this chart doesnt give you signals but a way i see the market and suits my trading style.
~$4.50 today is fundamentally not the same as ~$4.50 in 2011 - the last time copper traded at these prices. QE was fresh off the block in 2011. today, it is standard operating procedure and although the fed talks a good game with tapering, we have yet to see any balance sheet reduction. Looking at this monthly chart, I noticed an interesting double bottom that...
Copper showing downline trend↘, will be very helpful for long term trade. Will be profitable, if staying for long. MCX:COPPER1! P.S.- I am not responsible for any personal loss.
Trade 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 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved...
Copper CMP 709, looks like going towards 750 tgt copper looks like completing a 5 wave down move and should give a good retracement till wave 4 of smaller degree
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
nasdaq/copper double bottom on the ratio - commodities to equities ratio is lower than 1999 bubble, 1970's. Chart speaks for itself IMO.
XCUUSD - Intraday - We look to Buy a break of 4.551 (stop at 4.512) Daily signals are mildly bullish. We are trading at oversold extremes. A higher correction is expected. A break of the recent high at 4.550 should result in a further move higher. Our profit targets will be 4.651 and 4.671 Resistance: 4.550 / 4.600 / 4.650 Support: 4.450 / 4.400 / 4.350
Copper is trading in a strong bullish trend. Since the middle of March, the market was consolidating within a horizontal trading range. The market broke and closed above its upper boundary yesterday. Now I expect a bullish continuation to 855 ❤️Please, support this idea with like and comment!❤️
Copper is trading in a sharp bullish trend. Recently the price dropped nicely. The market reached a strong confluence area: the blue zone is based on 786 retracement of a major impulse leg and a horizontal structure on the left. From that zone, I will expect a bullish movement to 820 848 ❤️Please, support this idea with like and comment!❤️
What is going on with Copper? Price is skyrocketing yesterday and today but why? We are coming into a world recession sometime this year, inflation is the highest its been in 40 years, interest rates are going up everywhere, all signs that copper price is 'supposed' to be going down. Any ideas? Heiko
Entry at current level 4.56 Stop 4.30 First Target (33% of the position) 4.80
copper is about to break out ... hold for bullish move . next good move
AMEX:COPX The Global X Copper Miners ETF (COPX) provides investors access to a broad range of copper mining companies. It seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Global Copper Miners Total Return Index. www.globalxetfs.com
Copper is managed to bounce from 750 level and in last trading session give strong recover from bottom. On daily time frame made a bullish pin candle near resistance zone. Breaking above 760 will trigger strong buying and target will be 770 to 775.
Copper hrly long ⚠️ half risk due to lack of trend buystop @ 4.3217 TP #1 @ 4.3585 80.65% wr TP #2 @ 4.3976 54.84% wr SL @ swing low 4.2900 16.13% hr WR and HR determined from past trades. See more trades like this on my profile or Bifrosttrades.com