Copper Futures
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...
Copper prices have risen in recent days, supported by a number of positive factors. A weakening US dollar against other major currencies has made copper more attractive to foreign investors. In addition, the market received positive news from Chile, the world's largest copper producer. Chilean President Gabriel Boric predicted that output from state-owned miner...
Copper has been in an uptrend since february 2024. Price is currently outside Bollinger bands (50 period). Some of the reasons copper has been rising is near term demand and shortages, some articles pointing out to data center demand for copper for the AI boom. With Nvidia, intc, amd and other tech stocks showing weakness in last week, my opinion is that it...
Pair : CU - Copper Description : Completed " 1234 " Impulsive Waves Break of Structure Demand Zone Rejection from Ascending Trend Line Fibonacci Level - 50.00%
Copper (HG1!) has emphatically broken above the last Resistance of the 2-year Bear Cycle as it smashed through the top of the long-term Triangle pattern. The same pattern kept Copper on a Bear Cycle up until June 2020 when it started the remarkable rally to the 5.000 High (1.786 Fibonacci extension). As you can see on both fractals, the formation of a Death Cross...
Copper continues to rise in price. In addition to the fundamental factors, there is some sentiment from the options market that the quotes may rise further. Call 4,3 $ - 56 days before exp. The unusual interest in this level suggests that there's a positive sentiment among option traders.
Monthly is winding up for a big drop or huge jump. Monthly: Weekly: Daily shows price winding up potentially the rest of the year. So I will look towards year end for the fireworks, that will decide if our pent up momentum will release upwards or downwards. My gut says inflation will send it upward in the near future.
Technicals Prices hit fifteen-month highs this week, extending the recent rally. Copper is on the verge of another breakout, eyeing the January 2023 highs (4.356), which could open the door for further gain towards 4.579. On the other hand, the Relative Strength Index (RSI) did not follow the price action and diverged lower on the H4 chart. This can lead to...
Intricate dance between gold and copper prices is a tale beyond mere metals. It reflects global economic sentiments, industrial demand, geopolitical angst, and investment trends. Gazing into the crystal ball to decipher the future of the gold to copper ratio, a fascinating narrative unfolds, particularly highlighting copper's brighter prospects. Copper is...
Copper prices have recently reached a 14-month high, driven in part by China's economic improvement. This could be a potential trading opportunity, but it's important to be well-informed before making any decisions. Copper is a key economic indicator, and its demand is expected to rise. However, the market can be volatile. Here are some resources to help you...
Copper is up big! We are following Mr. Copper on the TTR for a long time. This advance is not driven by a good Global economy. Something is up behind the scenes, which is very scary as this is not a reflection of the Global economy doing so well! All war metals are up…
Pair : Copper CU Description : Exp FIAT as an Corrective Pattern in Short Time Frame with the Breakout of Upper Trend Line Break of Structure RSI - Divergence Consolidation Phase in Short Time Frame Completed " 1234 " Impulsive Waves
Pair : CU - Copper Description : Completed " 12345 " Impulsive Waves Consolidation Phase RSI - Divergence Break of Structure and Retracement CHoCH
In the ever-evolving landscape of the financial markets, the intersection between Electric Vehicles (EVs) and copper presents a compelling narrative. As interest in EVs surges, propelled by advancements in technology and a global shift towards sustainability, the demand for key components such as copper intensifies. Recent market dynamics have seen a lack of...
Pair : CU - Copper Description : Completed " 123 " Impulsive Waves Bullish Channel in Long Time Frame Break of Structure RSI - Divergence Impulse Correction
Targets met. Activity in an options portfolio that was poised to rise before the market rose (INSIDER) resold 4.14 calls into the market. Made 400% on that strike. How about that? Is it worth studying options strategies and tracking the activity of the big players?
Pair : Copper - CU Description : Completed " 123 " Impulsive Waves Break of Structure RSI - Divergence Impulse Correction Rejection from Daily Resistance
Copper JUST missed our supply zone entry located above the opening range. Very Clear DBD (drop base drop) formation on the 15 min chart. We called this out today in the live room. Hopefully we get another shot at this. You never know what is going to work. You can only trade what you see taking place on the chart at that moment.