TRADE DIRECTION: Downtrend; as indicated by the red trendline KEY LEVELS: Daily Pivot and the red trendline; price failed to break and close above it. TRIGGER SIGNAL: Bearish Engulfing (red arrow)
CAPITALCOM:COPPER chart mapping/analysis for short-term & intraday trades.
CAPITALCOM:COPPER chart mapping/analysis for med-long term swing trades.
Pair : CU - Copper Description : Impulse Correction Completed and it will again make its Impulse in a Corrective Pattern Bearish Channel in Short Time Frame. We have Break of Structure if it breaks the Upper Trend Line then Buy and If it Rejects from the Demand Zone then Sell
In the context of technical analysis, when CAPITALCOM:COPPER experiences an uptrend trend line break to the downside, it typically serves as a warning sign for investors that the previous bullish momentum may be waning. Such a break could indicate that the asset is shifting from a bullish to a bearish trend. This is often considered a sell signal or at least a...
Copper (HG1!) has been trading within a Triangle pattern for more than 2 years and recently the price action has gotten so narrow that it prompts to a break-out soon. The 1D MA50 (blue trend-line) has been acting as the Pivot level while the 1D MA200 (orange trend-line) had the last rejection on record on September 01. The 1D RSI since the May 24 Low has been...
In a post on Silver from June, I analyse that a run to $33 is on deck: Silver - 33 Moons And An Options Opportunity In the time that has passed, we've had two ~10% bounces that have been sold off. To me, this is a peculiar pattern for a trendline play that leads to new lows in the immediate term future, and represents confirmation that $33 is on...
Copper is technically neutral, as also dipicted by the 1D outlook (RSI = 50.817, MACD = -0.013, ADX = 24.251) inside the HL trendline of the Bullish Megaphone and the LH trendline of the January High. This movement can only offer scalping opportunities. If you want to commit beyond those, buy over the LH and target R2 on the medium term (TP = 4.1950) and sell...
Pair : CU - Copper Description : It has Completed its " 12 " Impulsive Wave at Fibonacci Level - 50.00 or Demand Zone. Bearish Channel in Short Time Frame and Impulse Correction in Long Time Frame completed its Impulse and Correction at Fibonacci Level - 61.80% it will again make Impulsive move
Industrial metals were the worst performing commodity sector last month and were down 2.7%1. Over the last six months, the sector is down 15.2% and has created the biggest drag on the overall performance of commodities. China's real estate sector, once the engine of its economy, is now teetering on the edge of crisis because of excessive borrowing, overbuilding,...
The copper price is slowly but surely breaking away from our blue target zone between $3.7730 and $3.5445. Since the price has already placed its low of the magenta wave (x) within this zone, we expect significant rises above the resistance at $4.19. It should then go down to our green target zone between $3.0860 and $2.5965.
They call copper "Doctor Copper" because it's said to forecast the overall world economic conditions on account of being tightly wed to manufacturing. Well, what people are really yammering about with that over the last 20 years is whether or not the Chinese Communist Party is healthy, and the world by proxy being healthy because it tied itself to the most...
It ain't easy being DR CAPITALCOM:COPPER Peaked in March 2022, only to crash -38% & bottomed-out in July 2022. Since then it has fluctuated between Contraction (will Global Economy collapse?) versus Expansion (will Global Economy recover?), while also contending with outlook of China's Economy, yeesh lol. Copper's price action has also been compressing,...
Pair : COPPER Description : Impulse Correction Impulse Break of Structure Bullish Channel in STF as an Corrective Pattern RSI - Divergence Fibonacci Level - 50.00%/ 61.80%
3.5% is a lot in gold, and that's about the range of the total landslide we've been through the entirety of August so far. It's the kind of pattern where goldbugs and USD collapse narrative nerds go long and go long or hodl and hodl but the price never goes up. In my last call on gold from the beginning of July, I warned that $2,000 was a death trap. That call...
China news are more often.. I won't mind if the prices continues to go down, because of the low risk of my position at the moment. Confluences: -false brake-downs -61.8 retracement -buy the rumor sell the news -MAs work
DOC COPPER Weekly Chart Trend Line Test. Guess who was the legendary trader that said this? "Copper is a very sensitive barometer of the business cycle. It is the first metal to feel the pulse of trade. When copper goes up, it is a sign that business is improving. When copper goes down, it is a sign that business is declining."
I have Listed Silver, Copper, Platinum, Palladium, Aluminum, and Gold into one chart. These are 6 of the top Metals all in Heikin Ashi Candle form. They all have their own complex Fibonacci Clusters within each one. It may look confusing at first. But understand that one set of lines are horizontal extensions and another set are angled extensions within each one.