As the dollar is breaking out from key area, Copper is double topping.
We maintain a bullish view on Copper. Prices are approaching our first support level, in line with our 61.8% fibonacci retracement, graphical support area and 161.8% fibonacci extension where we could see a bounce above this level to our first resistance target. Stochastic is showing signs of bullish pressure as well, in line with our bullish bias.
The company explores for gold, silver, zinc, lead, and copper deposits. At this point, it’s kinda like playing Black Jack, but Imma put $5 in so I can watch it ~
Yield Curve #YC Chart updated. $USOIL $COPPER $SPX #10s02s This looks like a top. Last peak looks like 2016. Our leaders didn't a down day on the $SPX. Now cycles are getting shorter and shorter. Last one: 1 year. One day reality will kick in.
Not sure, there must be a downtrend coming, but if the market stays cranking I can clear my investment and buy the dip.
Looks like copper finally reached the top of the 5 wave impulse. We also saw an extended 5th subwave as the very last wave in the 5th wave which is typical in the commodity market. Also RSI didn't create a divergence but that is because of the extended 5th wave. We should see copper come down atleast 25-30% of it's value as a correction from the huge run it made...
We maintain a bullish view on Copper. Currently, copper prices are testing our first support, in line with our 61.8% fibonacci retracement, graphical support area and 161.8% fibonacci extension where we could see a bounce above this level to our first resistance target. Stochastic is showing signs of bullish pressure as well, in line with our bullish bias.
we can see the copper in the monthly time frame that it has broken the triangle and is showing some bullish movement in the future we may face some small downtrend but on the general trend we can be more bullish on this commodity we have specified some levels of supply and demand where we can capitalize on this analysis can be very useful for the swing traders...
We maintain a bullish view on Copper. Currently, copper prices are testing our first support, in line with our 61.8% fibonacci retracement, graphical support area and 100% fibonacci extension where we could see a bounce above this level to our first resistance target. Ichimoku cloud is showing signs of bullish pressure as well, in line with our bullish bias.
We maintain a bullish view on Copper. Currently, copper prices are testing our first support, in line with our 61.8% fibonacci retracement, graphical support area and 100% fibonacci extension where we could see a bounce above this level to our first resistance target. A break above our upside confirmation level could provide the bullish acceleration to our first...
Copper moved slow last week and at the moment is in a middle of a consolidation pattern. In the coming days, we expect the price to continue its lazy movement towards the resistance area highlighted on the chart. In our opinion, the chances for a new drop will increase from that point, which may push the price around the liquidity pool located around the 3.80...
Copper prices are approaching our first support, in line with our 61.8% fibonacci retracement, graphical support area and 100% fibonacci extension where we could see a bounce above this level to our first resistance target. A break above our upside confirmation level could provide the bullish acceleration to our first resistance target. Ichimoku cloud is showing...