Copper seems to have bounced at a point of significant confluence. There is the lower parallel of the rising Schiff median line, the Fibonacci 1.618 falling extension, and there is something reasonably close to a harmonic bat.
Copper on a daily chart. Not much say. Price hit resistance multiple times and is now taking a dive. Not many support levels on the way down. I would look for a bounce a the grey arrow and observe price actions a these levels.
Copper M TOP and recent reversal bar favour the bears. Tight stop. Great Reward/risk for this trade.
But i stay out of this paper and whait on the brake out from angle a and b
Copper corrected for a few days after a very nice rally. The overnight china data made copper gap up. I believe it is ready for another push. I'm going to play this bias through FCX which shows relative strength and I allready have a position there.
Copper Weekly Critical resistance on 4 year downtrend_line, 50 sma, ( daily 200 sma ), median line channel. ( ~ 3.20 ) A break of this resistance could send the price to 3.32(100 sma)-17/2 high, and January 2014 high , 3.42. (~38.2%). MACD bullish. Support at 3.00. Horizontal support, 50% retracement, 2005 up-channel. A break of this support could send the price...
Monthly chart showing copper approaching major support level (already tested 3times..).Next stop could be the 200MA.
I have had a bullish bias on copper for some time, check the linked chart. After a false break below 3.0000, things looked good for copper, and a small uptrend emerged. Now, this uptrend is correcting, and it seems like the correction is ending, and bearish momentum fading. The problem is that around 3.000, there is a strong resistance area, and placing a stop is...
I don't really watch commodities, so this is something new for me. There are many ways to call the pattern in this chart. One could say it is a descending triangle, or a tripple bottom, or a double bottom...so i'll not give it a name, I am just going to explain what I see. Most imporant, I see a round level at 3000, acting as a great support. It has been broken...
Copper (HG) is holding support at 3.00 (monthly chart). Reversal bar on 19Mar2014 is a confirmation that the demand is strong at this level. Market is extremely oversold and this is a low risk entry point for a quick gain. Market could retrace once the target is reached and pull back towards the lower parallel for another long position.
Copper (HG) is holding support at 3.00 (monthly chart). Reversal bar on 19Mar2014 is a confirmation that the demand is strong at this level. Market is extremely oversold and this is a low risk entry point for a quick gain. Market could retrace once the target is reached and pull back towards the lower parallel for another long position.
Copper (HG) is holding support at 3.00 (monthly chart). Reversal bar today is a confirmation that the demand is strong at this level. Market is extremely oversold and this is a low risk entry point for a quick gain. Market could retrace once the target is reached and pull back towards the lower parallel for another long position.
Too much, too fast, Bollinger crash, usual demand zone, too much publicity and only 34% bulls. Ready for some relief
Too much, too fast, Bollinger crash, usual demand zone, too much publicity and only 34% bulls. Ready for some relief
Copper (HG) is holding support at 3.00 (monthly chart). Reversal bar today is a confirmation that the demand is strong at this level. Market is extremely oversold and this is a low risk entry point for a quick gain. Market could retrace once the target is reached and pull back towards the lower parallel for another entry long.
Update: Copper has been under heavy pressure recenrtly, managed to to break the ascending support for the latest bullish correctional structure, i am expecting a quick and initial move towards 2.985. Earlier Analysis ( ): Major long term bearish head and shoulders has a target around 1.5. Note: what i don't like about this pattern, is that it doesn't follow...
Copper is preparing for the final hike up before the break out of the triangle down. Short on 3.35, SL - 3.57, TP - 1.26
Major long term bearish head and shoulders has a target around 1.5. Note: what i dont like about this pattern, is that it doesn't follow well the relativity concept, i mean the pattern is more than 50 percent bigger than the prior trend, in terms of amplitude and time. twitter.com thefxchannel.com