Hey guys, copper has hit the daily upwards trend-line and seems to have been rejected as predicted. Great buy, good luck.
Copper at the moment is going through high levels of supply and prices have plummeted to weekly lows. Demand may be weakening in China, the world's largest consumer, as stocks of metal flow out of the country to warehouses elsewhere in Asia. Therefore, we have a supply glut and copper price in the future doesn't look very promising. Stocks of Copper on the LME are...
This is the second chapter of a copper story around this pitchfork. You can see first chapter on the related ideas. I believe the end of the last downtrend is over and now that we've tested for several days that support, it seems fair to place a long position at this point with a reasonable risk/reward. The indicators shown confirm this idea and a couple of fibs...
Copper finished retracement, waiting for a bottoming out!!!! Entry and Target as per Chart states.
Hi guys i am starting a challenge where i will do 100 trades and see what my win trade is after the 100 trades. You can follow if you want. Current trades : 0 Current winrate : 0
Copper is giving a Buying Opportunity near the 61.8% retracement of the last rally and correction has reached the bottom of the trend channel within which Copper has been correction. Last 4 hour and 1 hour Candlestick pattern shows bullish pattern with divergence in 1hr chart. Its a nice risk reward trade if it does reverse and go up from here.. Targets and...
The gold-to-copper ratio is currently around 625. This is historically very high, particularly considering the stock market is close to all time highs. Copper has not experienced much in terms of a rally like the other metals. The gold-to-copper ratio has been trending up since May, 2015 which is a very long time. Its time for this ratio to drop meaning either...
My preferred count shows that copper saw an important low in mid-January at 1.9355 and a strong rally higher towards 2.6410 now should be expected. From the 1.9355 low a nice five wave rally was seen to 2.3235 as wave (i) and wave (ii) was clearly a three wave zig-zag correction that completed at 2.0130. Wave (iii) started to move higher from 2.0130 in a pretty...
We have a nice potential trade setting up in AUDCAD. The uptrend has been quite strong, and retesting this key level gives us good reason to reenter longs. This week I'll post some of the trades I send to my signals clients, stay tuned for more. Check out my updated track record here: pastebin.com If interested in my real time whatsapp alerts and swing trading...
GOLDMAN SACHS - COMMODITIES: WHAT'S DRIVING THE MARKET TODAY The One-Liner Commodities broadly higher with weaker USD. Copper trading higher after failing to break $4750 in recent days. The Fundamental Highlights Energy: Crude marginally higher with spreads and cracks largely unchanged. The Iranian Oil Minister has not yet decided whether he will...
There's a retracement for Copper in short term Estimated long entry at 2.14-2.15
The current structure hints a conclusion of a wave C downtrend to a prior impulse ended @ 2.2770 marking a wave 5. A new impulse substructure has broken the wave iv on C indicative of an uptrend onset. however, if any failure the impulse fails to swing an uptrend wave C ending should serve as a protective stop as well as a new entry point.
BAT and many structures on the left side
Ive had my eye on this potential bullish bat since last week and it's finally close to completion Looking to buy this at the completion