Copper is rising towards a resistance level which is a pullback resistance and could potentially reverse from this level to our take profit. Entry: 5.1345 Why we like it: There is a pullback resistance level. Stop loss: 5.2178 Why we like it: There is a resistance level which lines up with the 127.2% Fibonacci retracement. Take profit: 4.9594 Why we like...
Pair : CU - Copper Description : Completed " 12345 " Impulsive Waves Break of Structure and Retracement RSI - Divergence Consolidation Phase in Short Time Frame Resistance Level
big resistance breakout and vertical meltup price made bottom in july 2022 since than it is up it is flying like there is no fear of recession it is flying like fed can have economic boom without inflation
Copper prices were seen breaking out to their highest levels in two years today. A combination of a weaker US Dollar and developments within the Chinese macro backdrop have helped fuel a fresh wave of buying. Copper futures are now up around 30% off the YTD lows and look poised for further gains with price now trading at fresh YTD highs. The rally in copper prices...
After appreciating over 28% in the past month-and-a-half, copper price slumped overnight. Increased media attention to the rally in copper prices led to the inevitable profit-taking on Wednesday, causing the metal to shed over 5%. The pullback has attracted some buyers to restock at lower prices, but many have stayed on the sidelines waiting for further declines....
Copper prices have rallied more than 20% this year as the market is tightening, moving above 4.800 for the first time in more than two years. Improving supply-demand dynamics can drive further gains, with the March 2022 record peak now in the spotlight (5.041). Concerns around output are high, as key miners expect lower production this year. At the same time,...
Pair : CU COPPER Description : Bullish Channel as an Corrective Pattern in Long Time Frame RSI - Divergence Break of Structure Completed " 12345 " Impulsive Waves Symmetrical Triangle in Short Time Frame and Breakout of Upper Trend Line
1. Copper - China - CNY - Yuan COT Report: -66,642 net positions as of 04/30/24 - Yearly High Fundamentals: CNY - Positive Manufacturing PMI (Forecast 50.3, Actual 50.4) Summary: Despite positive PMI, Copper prices faltered, hinting at possible market extremes. Possibility of another turning point. In conclusion, a synthesis of price action, net positions, and...
This revelation is indeed alarming: when examining copper prices in relation to U.S. CPI figures since 2020, we observe a remarkably strong positive correlation, not in each individual movement but in the overall trend and the reversals of peaks and troughs. Copper prices have surged significantly since February 2024. If this trend persists, we could be on the...
Another Metal is ready to break into ATHs. Looks like all the precious metals are ready to start flying. IMO if the material is needed in tech over the next ten years or weapon systems then the price will fly.
If the markets continue to allow the metals to perform, copper could EASILY fly to $4.75 or higher in less than a year. DYOR Trade Slick
beacouse of the recession sign in world markets sell on COPPER is rational!!!
Alot of things going on this year . Like 2017 , 2020, the solar eclipse, the presidental election and war and economy/ countries making news headlines , etfs and gold and btc rallys
Pair : CU - Copper Description : Completed " 12345 " Impulsive Waves Break of Structure RSI - Divergence Bullish Channel as an Corrective Pattern in Short Time Frame Fibonacci Level - 261.8%
Prices rally around 15% this month and break another threshold, hitting the highest levels in two years. The advance brings the record peak of 2022 in the spotlight (5.041) and given the improved supply-demand dynamics, that level looks within reach. There is optimism around increased need for the non-ferrous metal due to the green energy transition and the...
Folks know my opinion on inflation being in a generational bull market. Generically speaking I am looking for thematic trades around this when they present and I have been long some metals/miners. Copper looks to be headed higher in the weeks ahead despite the pattern portraying a series of a-b-c moves.
Holding copper due to strong fundamentals, long trade idea. SL moved to Break even and partial profits taken
World copper can take up price about 5Dollar you can utilize in your stock market