View On Copper XCU/USD (25 Nov 2021) Copper is good UP gradually and the main momentum is in the LONG side. As a trader we shall stick with the main trend, while we scout for the best possible entry, As long as the price of Copper doesn't go below $390 again, it is a better bet to be on the buy side. It shall retest $460 soon. $485 and $500 will be the...
CAPITALCOM:COPPER creates harmonic butterfly with level of 1.272 at price 4.502. The pattern will only activate when price cross over B point which comes at the price of 4.4270 and sustains above. TTM Squeeze : Positive VZO : positive
HG ( COPPER ) making a triangle on a Primary degree 4th. We are on a D wave of the triangle. Most probably we finish A wave of D wave as a preferred count (Projected by the black line) and we are coming down to making a B wave. On another side of the analysis as an alternative (projected by the red line)we are on an A wave and we are going upside a little bit and...
Price is approaching to weekly demand zone, so i expect bullish move..there will be a sell move first ...look for LTF BOS before taking trade
Copper futures broke out of their wedge this week, with per tonne prices breaking the $10,000 milestone. Names such as Freeport-McMoran (FCX) are benefitting from this, while TRQ is on discount due to. setback in their mining process. Despite Fed tapering, copper is strong, surprisingly. I believe that now is the time to get in "The New Oil", as stated by...
SNIPER STRATEGY This magical strategy works like a clock on almost any charts Although I have to say it can’t predict pullbacks, so I do not suggest this strategy for leverage trading. It will not give you the whole wave like any other strategy out there but it will give you huge part of the wave. The best timeframe for this strategy is Daily, Weekly and Monthly...
Hello all. I think that Copper has just entered a phase of distribution, and I will be longing it for the formation of an Upthrust that will bring the price beyond the Buying Climax. Like if you enjoy the idea, and consider following and supporting me. Peace. TrickleDown FX
Hello Welcome to this analysis about COPPER, we are looking at daily timeframe perspectives. COPPER is developing here that will be a decisive factor in the upcoming times. I discovered the main formation COPPER is developing here that will be a decisive factor in the upcoming times. As when looking at my chart now we can watch there how COPPER has emerged with...
Copper: Market Commentary 23.08.2021 A couple of points to note here; we ticked the 161.8% extension which was our third wave target in our previous copper chart at the beginning of 2021. It always comes down to the same situation; an impulsive complex which can be called sound, but which has one sickly component. As we head into Jackson, according to the...
Are we on a long or short now? Copper has rising significantly following the COVID sell off last year and with stronger demand from the EV industry, this could go even higher. Technically the chart points to a breakout to the upside until it hits a double top. Let's see how this unfolds. For the moment, I am LONG !
Coppers trading range is narrowing quite a bit. initially i got my timiing wrong on this (see other analysis), but now seems to be teh right time for a reversal breakout upwards. expect copper to head up to $4.40. will need to reassess there to decide which way next. overall long term expecting copper down.
📌 Copper for the Yearly Close First with an immediate review of the flows. We were tracking for the capitulation low which was our moment to advance... It was a great choice of moment to load the longs. Extending the belief in commodity shortages which have been entering into play all year long. The highs are worth striving for, all factors remain...
It looks like we got a small window to LONG Copper. Price should break out of this falling wedge pattern and retrace to 61% FIB level. lets seee. Im going Long on this, since Copper is fundamentally strong.
Copper prices fell on Tuesday, as increasing inventories in global exchanges and worries about possible governmental price control measures in top consumer China weighed on sentiment, despite data showing solid copper imports in the first quarter. Three-month copper on the London Metal Exchange fell 0.1% to $8,856.50 a tonne by 0706 GMT , while the most-traded...
International mining consultant Wood Mackenzie has ranked the Kamoa-Kakula Copper Project as the world's fourth-largest copper discovery, with copper grades that are the highest by a wide margin of the world's top 10 copper deposits. The company has 3 principal projects in Southern Africa: the development of new mines at the Kamoa-Kakula copper discoveries in the...
POSITIONAL LONG VIEW IN #COPPER MCX BO RE - TETS CMP 738 & 50 DMA 738 65 HOLD CONTINUOUS 2 DAYS MCX COPPER @ 742 STOP LOSS 725 ON CLBS TARGET 750 762 772 781 793 712 +++ NEW HIGH
I'm expecting Copper to continue its great run. Next target $5.
Copper prices are testing our first support in line with our 23.6% fibonacci retracement, 61.8% fibonacci extension and ascending trend line where we could see a further upside above this level. EMA and Ichimoku cloud are showing signs of bullish pressure as well, in line with our bullish bias. A break above our upside confirmation level in line with our...