Get started

Coppershort

Copper Short CallingGiven that copper prices have climbed to an almost all time high as well as the past positive and negative correlations, a long is still profitable. However, a short where you buy and sell until 1st quarter of 2018 has a much better potential for gains. Also looking at the bollinger bands, this is still profitable but not as profitable as other things you could invest in. This is more of an overall conservative strategy to make some returns but not ones that are significant.
OANDA:XCUUSDShort
by gamer456148
Copper breaks 20-DMA, bias lower, stay short below 50-DMACopper slips below daily Ichimoku cloud, intraday bias bearish. Price action has broken below 20-DMA at 3.1064 and is currently holding above 50-DMA at 3.0804. Technical indicators are turning bearish. Stochs are on the verge of a rollover from ovebought levels. RSI has taken a turn lower, is now biased south and has slipped below 50 levels. We see strong support at 50-DMA at 3.0802, break below to see further weakness. Support levels - 3.0802 (50-DMA), 3.0632 (cloud base), 3.05 (trendline) Resistance levels - 3.1059 (20-DMA), 3.1142 (cloud top), 3.1345 (5-DMA) Good to go short on break below 50-DMA at 3.08, SL: 3.10, TP: 3.060/ 3.050/ 3.030.
FX:COPPERShort
by FxWirePro
Copper holds 50-DMA support, short break belowCopper is trading largely unchanged on the day, retraces from lows of 3.065. Price action has taken support at 50-DMA at 3.067, we expect weakness to resume on break below. We notice Doji formation at lows on daily charts which calls for caution. Technical studies however support downside in the pair and we would recommend short position below 50-DMA. Technical indicators on weekly charts have also turned bearish, Stochs and RSI have rolled over from overbought levels and biased lower. Break below 50-DMA raises scope for test of 100-DMA at 2.9422. Bearish invalidation on break above 20-DMA at 3.1487. Support levels - 3.067 (50-DMA), 3.010 (Oct 9 low), 2.9422 (100-DMA) Resistance levels - 3.115 (5-DMA), 3.149 (20-DMA), 3.182 (Nov 1 high) Short break below 50-DMA, SL: 3.120, TP: 3.010/ 2.940
FX:COPPERShort
by FxWirePro
Copper finds strong support at 2.675, good to short break belowCopper edges lower from fresh 3-month highs at 2.717. The pair finds strong support at 2.675 (converged 5-DMA and trendline), weakness only on break below. Technical studies are bearish on 4 Hour charts, RSI and Stochs have rolled over from overbought levels and MACD is showing a bearish crossover on signal line. Break below 2.675 could see drag till 2.634 (1H 200-SMA). On the flipside, break above 2.717 required for further upside. 2.737 (Feb 1st high) is next bull target. Support levels - 2.675 (converged 5-DMA and trendline), 2.655 (June 29 low), 2.634 (1H 200-SMA) Resistance levels - 2.70 (1H 20-SMA), 2.717 (June 30 high), 2.737 (Feb 1st high) Good to go short on break below 2.675, SL: 2.70, TP: 2.655/ 2.634
FX:COPPERShort
by FxWirePro
Potential Breakdown in Copper FuturesCopper Futures are flirting with their support level at 2.5775, so today I'm watching to see if they break that support line, and more importantly, I will look to see what happens Thursday to see if there is confirmation of the trend. We could just as easily see Copper fall below the support line, just to bounce right back up on a false breakdown. That's why I prefer to wait a day after the initial breakdown. In terms of risk - reward, this isn't the best play as of right now. You're looking at 1.69:1 ratio, however, that does include a smaller target profit right at the 200 MA. I would begin to take profits at this range, bring my stops in tighter, and extend my profit target zones to the 2.26 zone, which presents next support level. All the best, Brandon
COMEX:HG1!Short
by BrandonBeylo