Title: Copper Futures ( HG1! ), H4 Potential for Bearish Drop Type: Bearish Drop Resistance: 4.1130 Pivot: 4.0145 Support: 3.8945 Preferred case: Looking at the H4 chart, my overall bias for HG1! is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. Expecting price to drop from the pivot at 4.0145 where the overlap...
Title: Copper Futures (HG1!), H4 Potential for Bullish Rise Type: Bullish Rise Resistance: 4.5770 Pivot: 4.2155 Support: 4.1090 Preferred case: Looking at the H4 chart, my overall bias for HG1! is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to possibly head towards...
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 /...
Copper looking to start the 5th wave of the C wave of the super cycle degree here IMO. Should hit around $7.50
Title: Copper Futures ( HG1! ), H4 Potential for Bearish Drop Type: Bearish Drop Resistance: 4.2215 Pivot: 4.1205 Support: 3.9245 Preferred case: Looking at the H4 chart, my overall bias for HG1! is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. Expecting price to continue heading down towards the support at 3.9245,...
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...
Title: Copper Futures ( HG1! ), H4 Potential for Bearish Drop Type: Bearish Drop Resistance: 4.1205 Pivot: 4.0470 Support: 3.9245 Preferred case: Looking at the H4 chart, my overall bias for HG1! is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. Expecting price to continue heading down towards the support at 3.9245,...
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...
Title: Copper Futures ( HG1! ), H4 Potential for Bearish Drop Type: Bearish Drop Resistance: 4.2300 Pivot: 4.1165 Support: 3.9245 Preferred case: Looking at the H4 chart, my overall bias for HG1! is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. Expecting price to continue heading down towards the support at 3.9245,...
Looking at the H4 chart, my overall bias for HG1! is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. Looking for a sell entry at 4.1165, where the overlap resistance is. Stop loss will be at 4.2065, where the overlap resistance is. Take profit will be at 3.9335, where the overlap support is. Please be advised that...
Title: Copper Futures ( HG1! ), H4 Potential for Bearish Drop Type: Bearish Drop Resistance: 4.2900 Pivot: 4.2200 Support: 4.1105 Preferred case: Looking at the H4 chart, my overall bias for HG1! is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. Expecting price to continue heading down towards the support at 4.1105,...
XCUUSD - Intraday - We look to Sell a break of 4.209 (stop at 4.249) We are trading at overbought extremes. Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. A break of the recent low at 4.221 should result in a further move lower. Reverse trend line resistance can be seen at 4.290. A Doji style candle has...
The retracement in wave (X) (orange) could be over as it reached 61.8% of wave (W). It unfolds in a triple three WXYXZ (yellow). Y and Z are greater than W, which is healthy. The target is the previous valley of Jan 2016 at $1.94. At this target point the wave (Y) will reach the distance of 1.272 of wave (W), which is Fibonacci ratio.
XCUUSD - Intraday - We look to Sell a break of 4.099 (stop at 4.139) Our bespoke support of 4.130 has been clearly broken. Offers ample risk/reward to sell at the market. We look for losses to be extended today. Short term bias has turned negative. Our profit targets will be 3.999 and 3.979 Resistance: 4.130 / 4.160 / 4.185 Support: 4.075 / 4.030 /...
XCUUSD - Intraday - We look to Sell a break of 4.128 (stop at 4.168) Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. A higher correction is expected. A break of the recent low at 4.130 should result in a further move lower. 50 2hour EMA is at 4.129. Bearish divergence is expected to cap gains. Our...
Looking at the H4 chart, my overall bias for HG1! is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. Looking for a pullback buy entry at 3.9335, where the 23.6% Fibonacci line is. Stop loss will be at 3.7085, where the recent low is. Take profit will be at 4.4555, where the 88% Fibonacci line is. Please be advised...
XCUUSD - Intraday - We look to Sell at 4.185 (stop at 4.230) With signals for sentiment at overbought extremes, the rally could not be extended. Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. Early optimism is likely to lead to gains although extended attempts higher are expected to fail. We look for a...
COMEX:HG1! Fibonacci Retracement applied on daily timeframe of COMEX:HG1! suggests that it will rally towards 4.47 after crossing 4.16 as strong candlesticks are being made.