Hello investors, here is my trading idea for copper on a weekly basis. Profit taking is marked in the black lines, SL is marked in red. The ideal entry point is 3.81-3.80. If the price falls below 3.80, the price development will be different, but SL will still be active. Good LUCK @ ALL
Pair : Copper CU Description : Bullish Channel as an Corrective Pattern in Long Time Frame and Rejection from Lower Trend Line. Rising Wedge as an Corrective Pattern in Short Time Frame with Strong Divergence and Break of Structure Entry Precaution : Wait for Rejection or Breakout
CAPITALCOM:COPPER chart mapping/analysis. Copper - off its October lows, yet still contending with global macro headwinds & China's difficulty in shaking off its deflationary economic funk.. Trading scenarios into EOY: Prelim trading range = ~3.93 - ~3.73. Under bearish pressure from 38.2% Fib rejections. Bullish reaction to China/macro economic news =...
Long term trade opportunity. If this week after the CPI announcement the candle remains bullish with a high volume and a close price closer to the high of the candle, then the probability of having an all-time high in Copper is very high because it is a very bullish seasonal trend in December, January consolidation, and February and March very bullish price again...
If the range of 3,750 units is broken downwards and the price stabilizes below it, the price may fall to the range of 3,700 units, and in case of strength, the range of 3,650 units Otherwise, the possibility of price increase up to the range of 3,820 units
Pair : Copper - CU Description : Completed " 12345 " Impulsive Waves and " ABC " Corrective Waves at Daily Demand Zone. Its Rejecting from the Resistance Level to make its Impulse Again. Rising Wedge as an Corrective Pattern in Short Time Frame and Breakout of the Lower Trend Line Entry Precautions : Wait for the Proper Retracement
COPPER - Daily Keylevels These are my keylevels on Daily Time frame.
Hi there, Copper has resumed its bearish cycle after having bullish cycle and record inflation. Copper is leading us that economy is slowing down significantly. In coming months inflation will fall back below 4 percent. Deflationary cycle has already begun. Good Luck
Pair : Copper - CU Description : Completed " 12345 " Impulsive Waves and " ABC " Correction in Short Time Frame. Making Impulse in Short Time Frame and " C " Correction in Long Time Frame. We have Falling Wedge as an Corrective Pattern in Short Time Frame. Entry Precautions : Wait for the Breakout or Rejection of UTL
CAPITALCOM:COPPER chart mapping/analysis for last week of November. TBC further details/write-up via ideas section.
Copper is in Bullish Trend. It is making HH and HLs. After series of HH, the instrument made correction. at HL, bullish Engulfing candle predicting its upward move
Pair : CU - Copper Description : Breakout and Retest of the Corrective Pattern " Bullish Channel " in Short Time Frame and Completed Impulsive Waves " 12345 " and " ABC " Corrective Waves at Daily Descending Trend Line / Resistance Level Entry Precaution : Wait for Rejection and Retracement
Based on the analysis shown on the chart i think there is a strong probability that price will get resistance at this level. a weak close on coming few candles will be a confirmation for this idea. Cheers!
Dovish Fed Outlook changes the bearish global feeling. -Consolidation area. -Consolidation on the breakout area. -Shakeout area with rebound and strong bullish candles. TP on the edge of the next big reference area. SL below the second lowest point.
I have earlier posted a daily chart on Copper sharing my views on this commodity and stating that it is now in wave 3 structure and will be slowly advancing towards 4.67$ mark going into 2024. By referring to that chart you can get a better understanding of this chart since that talks about a bigger picture about what to expect from this commodity. Coming to this...
Copper is in Bullish Trend. It is printing Higher Highs and Higher Lows.
Hello investors, my idea about copper. TP in the respective zones are marked.
Doctor Copper: Impulsive downward wave. followed by recovery. Upward sloping trendline is broken which increases the odds of further downside. Eventually targetting covid19 lows