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...
Hi guys, to potential harmonic patterns evolving with structure resistance around completion point. watch for price action to confirm an entry. targets on chart. trade with care.
The risk of a rapid correction is significantly greater with positioning at such extremes!
The bullishness in copper is misguided, in my opinion. Sustained dollar strength always hurts commodities in the longer term. The chart shows inverted dollar versus copper. A big fat juicy divergence, along with likely continued dollar strength due to a structural off-shore dollar shortage, should put pressure on commodities.