Looks like it could make a run here above this level and a breakout from the ascending triangle.
Title: Copper Futures (HG1!), H4 Potential for Bearish Drop Type: Bearish Drop Resistance: 3.9600 Pivot: 3.6885 Support: 3.5545 Preferred case: Looking at the H4 chart, my overall bias for HG1! is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. If this bearish momentum continues, expect price to head back down...
Silver had a huge move up in 2020, but that was all it managed to do back then. Since its first significant peak in August 2020, it went sideways and started declining. Silver was in a big bear market since 2011, then entered an accumulation range, and then had its capitulation move in March 2020. Then with all the fiscal stimulus, it skyrocketed, but most capital...
Despite Copper falling 38% from its ATHs, we still haven't seen deflation, even though inflation seems to have peaked for now. The inflation story doesn't seem to be over; even inflation moderates and goes close to or below 2%. The big problem right now is that the Copper inventories are extremely low and that the demand for Copper seems to be increasing because...
Title: Copper Futures (HG1!), H4 Potential for Bullish Rise Type: Bullish Rise Resistance: 3.9600 Pivot: 3.6885 Support: 3.5545 Preferred case: Looking at the H4 chart, my overall bias for HG1! is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to possibly head towards...
$copx $40 target, looks like a hidden back test is in. #copper
CME: USD/Offshore RMB ( CME:CNH1! ), COMEX: Copper Futures ( COMEX:HG1! ) Two weeks ago, China abruptly overhauled its strict Covid policy that had been in place for nearly three years. Lockdowns, health codes, massive testing, and domestic travel restrictions are no longer enforced. “The world changed overnight,” said one of my friends. From Zero-COVID to “Lying...
Title: Copper Futures (HG1!), H4 Potential for Bullish Rise Type: Bullish Rise Resistance: 3.9600 Pivot: 3.6885 Support: 3.5545 Preferred case: Looking at the H4 chart, my overall bias for HG1! is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. If this bullish momentum continues, expect price to possibly head towards...
Title: Copper Futures (HG1!), H4 Potential for Bearish Drop Type: Bearish Drop Resistance: 3.9600 Pivot: 3.6885 Support: 3.5545 Preferred case: Looking at the H4 chart, my overall bias for HG1! is bearish due to the current price crossing above the Ichimoku cloud , indicating a bearish market. If this bearish momentum continues, expect price to possibly head back...
Title: Copper Futures (HG1!), H4 Potential for Bearish Drop Type: Bearish Drop Resistance: 3.9600 Pivot: 3.6885 Support: 3.5545 Preferred case: Looking at the H4 chart, my overall bias for HG1! is bearish due to the current price crossing above the Ichimoku cloud , indicating a bearish market. If this bearish momentum continues, expect price to possibly head back...
Short at price 3.8430; 3.8635 and 3.8890 Stoploss at 3.9410 Take profit at 3.6475
The aforementioned Asset Re: Copper displays a possible bearish intraday set-up. All things considered (Methodology, + Risk strategy), should this set-up become validated, this trader will revert to correlated assets i.e., XAUUSD and co-correlated assets of XAUUSD i.e., XAGUSD, AUDUSD, NZDUSD, EURUSD and GBPUSD, for similar set-ups and entries within the annotated...
Title: Copper Futures (HG1!), H4 Potential for Bullish Continuation Type: Bullish Continuation Resistance: 3.9600 Pivot: 3.6885 Support: 3.5545 Preferred case: Looking at the H4 chart, my overall bias for HG1! is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to...
Title: Copper Futures (HG1!), H4 Potential for Bullish Continuation Type: Bullish Continuation Resistance: 3.9600 Pivot: 3.6885 Support: 3.5545 Preferred case: Looking at the H4 chart, my overall bias for HG1! is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to...
Copper is gaining back some ground as the dollar slides.
Title: Copper Futures (HG1!), H4 Potential for Bullish Continuation Type: Bullish Continuation Resistance: 3.9600 Pivot: 3.6885 Support: 3.5545 Preferred case: Looking at the H4 chart, my overall bias for HG1! is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. If this bullish momentum continues, expect price to...
We are short Copper. Take profit 3.40 and Stop Loss at 3.70 - a 1.9 Risk to reward ratio. There is a 50% profitability rate for this trade, however considering the prior signal for copper was profitable, the odds of 2 short signals producing a profit in a row is 25%. This trading signal also aligns with our seasonal sentiment of copper over the coming weeks.
Title: Copper Futures (HG1!), H4 Potential for Bearish Drop Type: Bearish Drop Resistance: 3.6920 Pivot: 3.5545 Support: 3.3840 Preferred case: On the H4 chart, we have a bearish bias. To add confluence to this, price is under the Ichimoku cloud which indicates a bearish market. If this bearish momentum continues, expect price to possibly break the Pivot at...