Copper - Intraday - We look to Sell a break
We are trading at overbought extremes.
With signals for sentiment at overbought extremes, the rally could not be extended.
A higher correction is expected.
Rallies should be capped by yesterday's high.
Although the bulls are in control, the stalling positive momentum indicates a possible turnaround is possible.
Short...
Price is facing bullish pressure from our first support in line with our ascending trend line where we remain bullish above this level. A break above our upside confirmation level could provide the bullish acceleration to our first resistance target.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you...
Hello Traders
The last top can be the end of the monthly correction and we can have a downward impulse to 1.90, but my forecast is a correction and one last upward movement before that big drop. So I want to take a short trade for the A wave inside the correction. That's why I placed a pending order under the last low. My target is 0.382 retracement of the orange...
Price is facing bullish pressure from our first support in line with our ascending trend line where we remain bullish above this level. A break above our upside confirmation level could provide the bullish acceleration to our first resistance target.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you...
copper- approaching a major resistance level (the ALL TIME RESISTANCE LEVEL)
We will start opening some short positions here today but carefully because it still has room to rise another 2,5% before dropping massively
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TECHNICAL ANALYSIS OF COPPER
Last week, COMEX copper futures closed higher at $3.2910 per pound.
Hope for a vaccine is fuelling the markets, and Pfizer and Moderna announced very encouraging results. Many countries, such as the...
Comex Copper - Weekly
Bottom Line : Adjusted wave count: Comex Copper may complete a flat correction by rising to a new high.
Comex Copper may be rising in wave (C) of a flat correction developing as wave X (circled) of an ongoing bear market from 2011.
We might start to see longer term US bond weakness as the copper/gold ratio rebounds off the lower extreme of it's descending channel. In this example I'm using TLT, an ETF. These two have an inverse relationship and also correlate with the US dollar. Long term US bonds and the USD tend to have a positive correlation giving both a bearish outlook. This is more...
Hi Guys,
Interesting time for copper!
Chinese smelters and global miners meet every November to negotiate the annual benchmark for the following year’s TC/RCs.
Miners pay treatment and refining charges (TC/RCs) to smelters to process concentrate into refined metal. When supply is scarce, refiners have to charge less to attract what they need.
This comes when...
Price is facing bullish pressure from our first support in line with our ascending trend line where we remain bullish above this level. A break above our upside confirmation level could provide the bullish acceleration to our first resistance target.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you...
We are seeing a medium-probability bullish scenario as price is expected to climb from its upside confirmation at 3.38857 where it could potentially bounce further to at 3.43137. It is worth noting that price continues to trend above the Ichimoku cloud, which indicates bullish pressure.
Trading CFDs on margin carries high risk.
Losses can exceed the initial...
Against the backdrop of deal negotiations coming to a conclusion with AE + the breakout & subsequent backtest of copper 9 year downtrend...
I would expect this to give the impetus for LSE:ARS to break out of the c. 2 year downtrend that it finds itself in (see weekly chart).
Support levels in yellow, trend lines in white. Has recently bounced quite nicely of...
Support us by consulting our free daily magazines with color stock charts and weather maps on our commodity-market-review.com website.
TECHNICAL ANALYSIS OF COPPER
Last week, COMEX copper futures closed higher at $3.4010 per pound, the highest value since late 2013.
Speculative trading is pushing copper prices higher, with net positions of the net commitments...
We are seeing a medium-probability bullish scenario as price approaches our first support area at 3.30102, where we could see a further rise at this level towards our first resistance at 3.34271. It is worth noting that price continues to trend above the Ichimoku cloud and ascending trendline, which shows bullish pressure.
Trading CFDs on margin carries high...
