Bearish sentiment building for copper and other metals/commodities from Evergrande debacle in China and copper prices were down sharply this past week. COPX weekly chart closed outside the longer-term (march 2020) regression channel for the 2nd time in the last few weeks also printing a bearish engulfing candle indicating potential for more near-term down. ...
Copper prices are recoiling from confluent resistance at 4.4620. This is marked by the underside of two recently-broken uptrend supports, the upper bound of a seven-month price congestion zone, and a downward-sloping trendline emanating from the May 10 high. A daily close under swing-low support at 4.2060 may act to confirm downtrend resumption, initially setting...
Thursday, 16 September 2021 15:09 PM (WIB) Copper has established bullish move since hit the lowest price at $400. And developing uptrend with Golden Cross in 4 hours trading session. Currently price move at the lowest low point and I doubt the price slides lower. I expecting the price move upside into current resistance. Best regards, RyodaBrainless "Live...
This is COPPER on the 1W time-frame. I've made this idea to show to long-term investors why the metal is currently on the most optimal buy levels ahead of a two-year rally. As you see, the price has been rising since the August pull-back. Not only is it posting a recovery but the August low happened almost on the 1W MA50 (blue trend-line), which has been the...
Hello my beauties. The arrows don't reflect an accurate prediction of what the price will do, just a rough idea of the areas that I'm expecting the price to move towards. For all the ones that have taken the trade already, good job! Copper has just entered a phase of distribution and I want to profit from it while it's rangebound. I will be long until the...
$COPPER has produced an inverse head and shoulders pattern and looks to have tested the neckline. If this pattern plays out, it should see about an 7% rally.
SNIPER STRATEGY This magical strategy works like a clock on almost any charts Although I have to say it can’t predict pullbacks, so I do not suggest this strategy for leverage trading. It will not give you the whole wave like any other strategy out there but it will give you huge part of the wave. The best timeframe for this strategy is Daily, Weekly and Monthly...
Copper respected last week's report and broke the correction top. In the coming days, we anticipate the pair to make small higher-lows and reach the resistance area. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before...
Hello all. I think that Copper has just entered a phase of distribution, and I will be longing it for the formation of an Upthrust that will bring the price beyond the Buying Climax. Like if you enjoy the idea, and consider following and supporting me. Peace. TrickleDown FX
The pullback in copper ended up being a three wave rise wherein it retraced slightly more than 61.8% retracement in international copper chart of wave Y. This opens up the possibility of one more leg to the down move in the form of wave Z. Overall look Retracement levels in copper international chart MCX chart retracement Weekly macd bearish Daily macd...
Short term movement looking short position at price 4.3390-4.3395 target at 4.310. Long position at price 4.2940 target 4.3395 & 4.3830 in extension. Provided support 4.2805 still strong. TAYOR
Copper respected last week's report and made a small pullback. In the coming days, we anticipate the pair to continue the uptrend and eventually break the top. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you...
Hello Welcome to this analysis about COPPER, we are looking at daily timeframe perspectives. COPPER is developing here that will be a decisive factor in the upcoming times. I discovered the main formation COPPER is developing here that will be a decisive factor in the upcoming times. As when looking at my chart now we can watch there how COPPER has emerged with...
Copper started the bullish trend that we forecasted last week and it slightly broke the trendline. In the coming days, we anticipate the pair to make a small pullback and continue the uptrend and eventually break the top. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it should not be used...
Copper is looking to reestablish prior trendline support, which would put the red metal back on a bullish path. Although failing to pierce the level would likely see prices fall back to the psychologically imposing 4.000 level. Momentum appears to be healthy with RSI rising and the MACD line crossing above its signal line, a bullish sign.
Copper prices are retesting support-turned-resistance in the 4.26-4.45 zone, marked by the intersection of a six-month inflection area, the uptrend from the Covid-induced March 2020 low, and a neckline support from early March. Signs of indecision in the daily candlestick structure and negative divergence on short-term momentum studies warn of topping. In all,...
The Commodity has reached lower trend line and might take support and undergo a reversal rally. Trade is supported by Supports Nearby + 200 EMA. Risk Reward Ratio - 1.5:1 SL is placed below support zone and target is placed near upper trendline and swing high. Note : Enter September Futures and Roll Over the contracts unless Stop Loss or Target Is Met.
Copper: Market Commentary 23.08.2021 A couple of points to note here; we ticked the 161.8% extension which was our third wave target in our previous copper chart at the beginning of 2021. It always comes down to the same situation; an impulsive complex which can be called sound, but which has one sickly component. As we head into Jackson, according to the...