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.
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Fundamental Analysis:
as of now we can see the global inflation has rise sky rocket and the worlds economy is in a huge bobble which soon will explode and a catastrophic crisis may occur, ultimately most of the manufacturing and development plants which are dependent on the base commodities such as Copper and gold may face some market crises and demand may...
XCUUSD - 24h expiry - We look to Buy at 3.851 (stop at 3.811)
Our short term bias remains positive.
The sequence for trading is higher highs and lows.
A lower correction is expected.
We look to buy dips.
50 4hour EMA is at 3.846.
Our profit targets will be 3.951 and 3.971
Resistance: 3.900 / 3.914 / 3.930
Support: 3.875 / 3.860 / 3.835
Please be...
-Trend = uptrend
-Price reacting off of supply
-Price reacting off of resistance
-Any shorts will be counter-trend
and requires some sort of confirmation +
smaller risk + quicker trade management.
Analysis:
Looking at the technicals on Copper we can see a clear downwards trend. Price is forming lower lows and lower highs which confirms that we are in a downwards trend. Price has also been respecting a downwards trendline which again shows us that we are in a downwards trend. We're currently sat at an area that we're interested in as price has held this...
XCUUSD - 24he expiry - We look to Sell at 3.828 (stop at 3.868)
Our bespoke support of 3.820 has been clearly broken.
Our short term bias remains negative.
Previous support, now becomes resistance at 3.820.
Preferred trade is to sell into rallies.
We look for a temporary move higher. A lower correction is expected.
Our profit targets will be 3.728 and 3.708...
As per previous post, , we are shorting copper from 413, since we believe wave B as been completed at 435, creating a bearish wolfe wave pattern, and a wave C to the downside is beginning to unfold.
Our stop loss is on entry and the tp is at the wolfe wave target line at 364.
XCUUSD - Intraday - We look to Buy at 4.074 (stop at 4.034)
The 50% Fibonacci retracement is located at 4.087 from 4.237 to 3.937.
Prices have reacted from 3.936.
Daily signals are mildly bullish.
Short term momentum is bullish.
A lower correction is expected.
Our profit targets will be 4.174 and 4.194
Resistance: 4.130 / 4.150 / 4.175
Support: 4.100 /...
Good Morning traders!
Here we can see as copper corrected last move to the downside exactly at the Golden Zone+ POC confluence level. During the corrective move, price created a bearish wolfe wave so we believe that it it is ready for continuation to downside.
Head and Shoulder on lower time frames!
Short from @411.5 stop loss @422.7 risk 1% of equity.
Will...
XCUUSD - Intraday - We look to Buy at 4.024 (stop at 3.984)
Selling posted in Asia.
The bullish engulfing candle on the daily chart is positive for sentiment.
Short term momentum is bearish.
A lower correction is expected.
We expect prices to stall close to our bespoke level (4.020).
Our profit targets will be 4.124 and 4.144
Resistance: 4.080 / 4.100 /...
XCUUSD - Intraday - We look to Sell a break of 4.209 (stop at 4.249)
We are trading at overbought extremes.
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
A break of the recent low at 4.221 should result in a further move lower.
Reverse trend line resistance can be seen at 4.290.
A Doji style candle has...
XCUUSD - Intraday - We look to Sell a break of 4.099 (stop at 4.139)
Our bespoke support of 4.130 has been clearly broken.
Offers ample risk/reward to sell at the market.
We look for losses to be extended today.
Short term bias has turned negative.
Our profit targets will be 3.999 and 3.979
Resistance: 4.130 / 4.160 / 4.185
Support: 4.075 / 4.030 /...
XCUUSD - Intraday - We look to Sell a break of 4.128 (stop at 4.168)
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
A higher correction is expected.
A break of the recent low at 4.130 should result in a further move lower.
50 2hour EMA is at 4.129.
Bearish divergence is expected to cap gains.
Our...
XCUUSD - Intraday - We look to Sell at 4.185 (stop at 4.230)
With signals for sentiment at overbought extremes, the rally could not be extended.
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
We look for a...
Fundamental Analysis:
china is the biggest copper consumer and as of now we can see the most of its manufacturing plants and factories are getting shut due to Protests and ongoing havoc in the country.
DXY is very bullish which can go up to 130 and ultimately will result in the more price fall in the commodity sections.
World economic Crisis and Supply chain...
Copper (HG1!) on the 1W time-frame appears to be repeating the previous major Bear Cycle that started in 2011/12. Based on this fractal analysis, the recent 1W rejection just below the 1W MA50 (blue trend-line) puts us at a proportionate level as on the February 06 2012 1W candle. Having rebounded on the 1W MA100 (green trend-line) both on the July 11 and...
The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: its my view only and its for educational purpose only. only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only...
The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: its my view only and its for educational purpose only. only who has got knowledge in this strategy will understand what to be done on this setup. its purely based on my technical analysis only (strategies). ...
