XCUUSD - Intraday - We look to Buy at 4.024 (stop at 3.984) Selling posted in Asia. The bullish engulfing candle on the daily chart is positive for sentiment. Short term momentum is bearish. A lower correction is expected. We expect prices to stall close to our bespoke level (4.020). Our profit targets will be 4.124 and 4.144 Resistance: 4.080 / 4.100 /...
Cup and Handle formed on Copper Price >200 Bullish 21>7 Bearish RSI <50 Target $4.80 Mixed - Bullish bias Resources definitely showing upside to come in the medium term, but right now there is a but of a breather which is causing a bit of selling pressure. We need to weather through this sideways range before the market chooses a direction. My bias is up...
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.
Please like and share if you appreciate this market update. We are algorithmic traders and certified Elliotticians. We publish Elliott Wave and algo technical analysis on a daily basis for indices, stocks, cryptos, commodities, VIX, DXY, in weekly, daily and 4-hour timeframes. Our counts are not drawn subjectively but backed by solid algo trading evidence. We...
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