Copper is trading largely unchanged on the day, retraces from lows of 3.065. Price action has taken support at 50-DMA at 3.067, we expect weakness to resume on break below. We notice Doji formation at lows on daily charts which calls for caution. Technical studies however support downside in the pair and we would recommend short position below 50-DMA. Technical...
Short Copper @ 2.8285; TP @ 2.7719, SL your choice
Bearish price action seen, price respecting PRZ. RSI at overbought level, good to short anytime. Aim for 38.2% and 61.8 fib levels.
Hey there! So my mate @Joshua_nate and I have been checking on this one. We are expecting reversal soon for a C wave in Daily Timeframe. Just watch for the brakeout and then sell! - Hola a todos, Mi socio @Joshua_nate y yo hemos estado viendo este caso. Esperamos una reversión para realizar una onda C en temporalidad diaria. Simplemente buscad el brakeout para...
See my play on words? If not don't worry. As we can see, there is a strong bullish movement. Nice impulse formation 12345, with a good chance of extended 5th wave back to top resistance in channel. Keep an eye for a reversal at that point. Could be a long way down! Timeframe: 4H Chart Duration: 70 Days
Copper edges lower from fresh 3-month highs at 2.717. The pair finds strong support at 2.675 (converged 5-DMA and trendline), weakness only on break below. Technical studies are bearish on 4 Hour charts, RSI and Stochs have rolled over from overbought levels and MACD is showing a bearish crossover on signal line. Break below 2.675 could see drag till 2.634 (1H...
Hey guys, We expect the market to make one leg lower to around 2.445, BUT only when the market stays below the high 2.70. When this level breaks we will be looking at a move higher to around at 2.776. Our intermarket indication supports our idea of facing south. Critical zone will be the lower range of 2.58! Around 2.444 will be a good buying chance IF market...
Copper Futures are flirting with their support level at 2.5775, so today I'm watching to see if they break that support line, and more importantly, I will look to see what happens Thursday to see if there is confirmation of the trend. We could just as easily see Copper fall below the support line, just to bounce right back up on a false breakdown. That's why I...
The normalised chart of Copper (white) vs CAT (orange) would indicate a CAT short is a reasonable equity trade here...
Whilst diagonal trendlines are geometrically certain to break, they are also rather difficult to trade, looking very obvious ex-post, but hard to pull the trigger on ex-ante. In this case, I am inclined to take the signal given I have traded the vicissitudes of Copper quite well, particularly in the past 6 months.
Copper broke the range it was trapped in on Friday, and I've been long via IVN.TO for roughly a month now. I'll be buying any dips or retests of the previous range. As soon as we touch sub 4.50 for IVN i'll be buying. -Healthy RSI, MACD crossing up on the 1D.
wait for the break outt to enter in copper for short
This probably double top formation alongside PBOC tightening, signals a bearish correction to come. Good luck, Ali Sharifazadeh, CFTe
Copper Crash Incoming. Good Risk Reward.
Wait for a sell setup on the yellow zone and go short till 2.32 Regards, ;D
Copper rallied on the false idea that Trump will rebuild America tomorrow. Obviously not, we still have a long way to go, what will Trump propose and what will Congress approve? The claim that he will balance the budget and spend $1 trillion dollars rebuilding is a pipe dream. Not to mention Debt ceiling negotiations with a republican in control will most likely...