As per my analysis Copper is on Buy Trend So buy near 509.30 Stop loss at 508.20 and expected targets 513.10 / 517.60 Expecting time to trigger our buy entry is 4 PM . If today"s high is safe before our entry . Gann And Fibonacci Always rocks Follow us and support us and help us to grow
Strategy sell between 460-470 Sl above 476 closing basis for targets 440 and below
Comparison of TOTAL2 and Copper Similarities can be seen in the formation of a scallop This may lead to a bullish C wave breakout on copper I identify this structure as 'weak' due to its lacking of a strong double bottom and slight downward slope, however it is a good chart pattern for accumulation.
Dates in the future with the greatest probability for a price high or price low
Dates in the future with the greatest probability for a rice high or price low
Pattern: Channel Up on 1D. Signal: Bullish if the price breaks the 1D MA200 or if it tests 2.500 again. Target: 2.800 (right below the Resistance Zone). Recent successful signal on Copper:
In "Copper Tempest" (see related ideas), I analyzed the macro-view on Copper. Now it's time to act. My trade starts from 2.8462 with final target of 2.8125 (end of first corrective wave). Stop Loss set at 2.8537. Disclosure: My ideas contain statements and projections based on assumptions on capital markets, and therefore inherently subject to numerous risks and...
If you like this idea, don't forget to hit the Like Button and to Follow Me! Exciting days for Copper. The brown metal reached the $2.8575 level. I'm confident that copper price will rise in the long run if copper demand, especially for China (largest copper consumer), will continue to record highs (527,000 tons in December 2019). However, we still live on...
Pattern: Channel Up on 1D. Signal: Bullish as long as the 2.6000 level holds (Higher Low lim). Target: 2.8000 (1W Resistance).
Same fractal detected that previous led to testing the 0.786 Fibonacci retracement level. Confirmation comes with the Death Cross occurrence. Long term target 2.2300 (new 0.786 Fib).
Pattern: 4H Rectangle. Signal: Bearish (Double) on the 4H Resistance and 1D Resistance. Target: 2.9000.
Pattern: Inverse Head and Shoulders on 1D. Signal: Bearish as the price was rejected on the 4H Resistance. Target: 2.89100 (above the 4H Support).
Pattern: Fibonacci retracement. Signal: Bullish either now (1D support) or on the 0.382 Fibonacci. Target: 2.96000.
copper, price making double top on copper in daily time frame. Non-commercials reduced long positions 6k in copper, long% decreased 2%, while short% increase 2%.
Pattern: Channel Up on 1D. Signal: Bullish as the price is close (-3.35% pull back) to making a Higher Low. Target: 2.9765.