Investors looking for value long-term better have a look at Copper, which has been consolidating ever since its May 2021 All Time High (ATH). The 1W MA50 (blue trend-line) has been supporting all this time, indicating that the market has found a new long-term demand zone where buyers step in. The last time a similar demand level on the 1W MA50 took place was...
Entry at current level 4.56 Stop 4.30 First Target (33% of the position) 4.80
Trends to watch in 2022. Charts trending hard which is my favorite kind of chart, possibly could be good into the next few years... Battery Metals copper and nickel looking very bullishly trendy. Might be worth a look for 2022 and even into the next few years.
Trends to watch in 2022. Charts trending hard which is my favorite kind of chart, possibly could be good into the next few years...
Copper edges higher as Russian troops return to base
Part 4 This is the fourth part of the macro analysis series. In this part we'll focus on analyzing the current situation of the commodities market based on fundamental and technical analysis, while trying to map out the future depending on how the Fed and the economy move. The key focus here will be on Oil, Natural Gas, Gold and Copper. You can find the rest of...
Copper in a tight channel, and looks to be in range, swing trade is possible. more details in chart!
HG1! (COPPER) is still making a triangle on the primary degree 4th wave. We will finish the triangle around 61.8% or 78.6% of Fibonacci. The 78.6% area is also a trend-line support zone. With the high chance, we will rebound from the trend-line area. Wave E can take further time to develop. DISCLOSURE - Please be informed that the information I provide is not a...
copper is about to break out ... hold for bullish move . next good move
Dr. Copper is almost ready to embark on a SELL of epic proportions - at least that's what the MACD Indicator is telling us. When the blue line crosses over the red line heading down? Oh boy!! Notice that you are looking at the Monthly Chart. If you check on the web for monthly charts for Copper re MACD history, you will find that when this 'DEATH CROSS'...
AMEX:COPX The Global X Copper Miners ETF (COPX) provides investors access to a broad range of copper mining companies. It seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Global Copper Miners Total Return Index. www.globalxetfs.com
Copper is managed to bounce from 750 level and in last trading session give strong recover from bottom. On daily time frame made a bullish pin candle near resistance zone. Breaking above 760 will trigger strong buying and target will be 770 to 775.
A break down of the rising bearish wedge (on low volume) is a huge warning shot fired. The measured move is 30 cents. I think a head and shoulders forms.
Copper hrly long ⚠️ half risk due to lack of trend buystop @ 4.3217 TP #1 @ 4.3585 80.65% wr TP #2 @ 4.3976 54.84% wr SL @ swing low 4.2900 16.13% hr WR and HR determined from past trades. See more trades like this on my profile or Bifrosttrades.com
We are tracking a big impulse to the downside, from the 4.58 lvl. on COPPER. Red waves 1 and 2 are completed, so current price action from 26th of January can be a big wave 3 in the making, with its five-wave substructure, and can target the Fib. ratio of 1.618, where support can be seen. Intra-day price activity suggests a minor correction in action (iv), which...
Morning Jumpstart Macro View and US market recap 31-01-22 US ended the week with a bang as bargain hunters went shopping to support the broader US market. Tech was again the favoured stocks which lifted the SP500 while the DOW lagged the enthusiasm. There may be some end of month window dressing on the cards also which may have provided some support. For a...
As the DOW, S&P, and NASDAQ begin to shake up, it is expected that investors will park capital in GOLD. However, gold has historically under performed leading up to the Feds decision on interest rates. In the short-term, I think GOLD will re-test the $1500 area. A clear bullish pennant can be seen as of now, but I will wait for the pattern to develop more before...