HG1! Commodities Futures Chart

Copper Futures

 

HG1!

Copper is an essential industrial metal used worldwide. Copper prices are followed in financial markets around the globe and the metal is growing in popularity. Copper is widely used in construction and because of its electrical properties is found in wires and circuit boards. Copper is mined in open mines around the world, with Chile and the United States leading in overall copper production. The demand for copper is increasing as countries such as China and India continue to develop, while the supply remains tight. The growing demand and constrained supply is likely to keep copper prices volatile in the near future. Copper prices are commonly quoted in USD.

News

SharkbaitAl SharkbaitAl COPPER, D, Long ,
COPPER: Copper: Getting Ready to Long
118 0 9
COPPER, D Long
Copper: Getting Ready to Long

After the amazing bullish run late last year Copper has been consolidating. I am now getting ready for the possibility that the correction is soon to be completed and looking for long set-ups. This wave count is by no means an expert wave count or meant to be exact but conveys my idea that there was a motive wave followed by a three wave correction (labeled ...

Raistlan01 Raistlan01 PRO HG1!, D, Short ,
HG1!: I Believe in My HG1! Channel
30 0 4
HG1!, D Short
I Believe in My HG1! Channel

So the good news, for the last 2 years i've made great money with my general perception and hypothesis.... Bad News... My entries have been terrible so on several occasions, I'm early. Ride a torturous move the wrong way, but with patience and tactical averaging get my profit eventually (2-4 weeks).... But if i could just tighten up those entries to more optimal ...

rolerkoester1 rolerkoester1 HG1!, W, Long ,
HG1!: copper looks interesting
52 0 3
HG1!, W Long
copper looks interesting

https://www.tradingview.com/x/FB35B8sU/ Bullish break from copper downtrend being broken. News is bearish why not be bullish chart just looks pretty lol

Genghis Genghis SILVER, M, Long ,
SILVER: Silver to $120+ :D
216 2 8
SILVER, M Long
Silver to $120+ :D

2002 rally from $4 2008 peaks at $17 2008 retrace to $8 (23.6% fib) 2011 rally to $50 (261.8% fib) 2014 retrace to $14 (23.6% fib) 20XX rally to $124 (261.8% fib) ???

DorofeevML DorofeevML PRO HG1!, D, Short ,
HG1!: HG1! #Copper
79 1 5
HG1!, D Short
HG1! #Copper

HG1!

PaladinTrading PaladinTrading HG1!, 240, Long ,
HG1!: HG1!
59 0 5
HG1!, 240 Long
HG1!

We see alot of support on the major trend line as support from major trend shows a movement back up.

Esoptions Esoptions HG1!, D, Long ,
HG1!: Bullish reversal
59 0 5
HG1!, D Long
Bullish reversal

Seasonality pointing towards a bounce. Commercial positioning starting to turn bullish. Suport nearby could used as an entry point if reached with stop on break of it.

surfingmarket surfingmarket PRO HG1!, D, Long ,
HG1!: Copper long starts to build up.
98 0 4
HG1!, D Long
Copper long starts to build up.

Wave C of wave 4 is unfolding as expected earlier. Aggressive long could be built up at around 2.533 and triple the position size around 2.443 if price drop to there.

rockvuecap rockvuecap HG1!, D, Short ,
HG1!: Potential Breakdown in Copper Futures
82 0 5
HG1!, D Short
Potential Breakdown in Copper Futures

Copper Futures are flirting with their support level at 2.5775, so today I'm watching to see if they break that support line, and more importantly, I will look to see what happens Thursday to see if there is confirmation of the trend. We could just as easily see Copper fall below the support line, just to bounce right back up on a false breakdown. That's why I ...

HG1!: Copper in sideways trend, should break to the downside.
32 0 2
HG1!, D
Copper in sideways trend, should break to the downside.

Expecting a breakdown to the downside out of the channel.

AlbionTrader AlbionTrader HG1!, D, Long ,
HG1!: COPPER HG1! on a possible Continuation Pattern
172 0 5
HG1!, D Long
COPPER HG1! on a possible Continuation Pattern

COPPER HG HG1 HG1! respected the Trendlines highlighted in the previous posts; on the 4-hour chart it followed the Simple Moving Average ribbon as well. A triangle formation is being reached now. Could be a Continuation Pattern upwards.

AlbionTrader AlbionTrader HG1!, D, Long ,
HG1!: HG1 HG Copper break or fake?
150 0 3
HG1!, D Long
HG1 HG Copper break or fake?

COPPER HG HG1 Like last week, just more confusing Gann fan forming maybe? Price might Fakeout and bounce again. #Patience and wait for a sign. If I had to bet now I would say Long but - again - let's wait for a clearer view.

IacopoAlberti IacopoAlberti HG1!, D, Short ,
HG1!: TRUMP TRADE HIDDEN CORRELATION
80 0 3
HG1!, D Short
TRUMP TRADE HIDDEN CORRELATION

Copper and russel 2000 express a strong correlation during the last year due to the reflation trade. I see a deterioration of the situation in copper (confirmed HS). Can be indicative of a deterioration of the most crowded trade of the last month?

Ecantoni Ecantoni MOD HG1!, D, Short ,
HG1!: Seasonality on High Grade vs. Fractal
166 3 10
HG1!, D Short
Seasonality on High Grade vs. Fractal

*7 yrs seasonality suggesting upcoming weakness *Fractal extrapolated from 1991 matching. Stop at 2017 highs, first ideal target at Fibo 50%

surfingmarket surfingmarket PRO HG1!, 480, Short ,
HG1!: Copper more correction to go
69 0 5
HG1!, 480 Short
Copper more correction to go

B wave has finished. C wave could end at trendline or 50%.

michael.j.macauley michael.j.macauley HG1!, W, Long ,
HG1!: Copper - Bullish Potential
95 0 2
HG1!, W Long
Copper - Bullish Potential

Copper is currently consolidating inside wave B of a corrective wave, which follows the bearish impulse which began in 2011. We expect copper to resume its bullish movement and complete wave C of this cycle over the new few months. The previous bounce off the .786 retracement prints a likely low in the market, and the correction since that time has proceeded ...

Genghis Genghis COPX/SPX, W, Long ,
COPX/SPX: COPX/S&P Long
37 0 6
COPX/SPX, W Long
COPX/S&P Long

Waiting for break down of current channel before getting long.

AlbionTrader AlbionTrader HG1!, D,
HG1!: COPPER HG1! deciding between Bulls & Bears
146 0 7
HG1!, D
COPPER HG1! deciding between Bulls & Bears

Copper has been trading in a channel lately, and in a couple of trades we profited by the bounce on the descending trendline (magenta in the chart). Indicators look still quite bearish while the triangle pattern might suggest a continuation pattern high as I think it will go this direction but let's wait for confirmation. Be ready for action!

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