Copper prices have recently reached a 14-month high, driven in part by China's economic improvement. This could be a potential trading opportunity, but it's important to be well-informed before making any decisions. Copper is a key economic indicator, and its demand is expected to rise. However, the market can be volatile. Here are some resources to help you...
Nice reclaim of the broken horizontal and channel support on the COPX Copper miners ETF. Looks like we're headed back to the top of the years trading range at 41.80 which is an approximate move of 12% from current levels. Dr Copper being a proxy for global growth is always a positive for global markets.
CAPITALCOM:COPPER chart mapping/analysis. Copper - off its October lows, yet still contending with global macro headwinds & China's difficulty in shaking off its deflationary economic funk.. Trading scenarios into EOY: Prelim trading range = ~3.93 - ~3.73. Under bearish pressure from 38.2% Fib rejections. Bullish reaction to China/macro economic news =...
CAPITALCOM:COPPER chart mapping/analysis for last week of November. TBC further details/write-up via ideas section.
COMEX:HG1! chart mapping/analysis. Note: TradingView chart B-ADJ adjusted for contract changes Copper Futures attempting to build bullish momentum off evolving China economic stimulus narrative.
CAPITALCOM:COPPER chart mapping/analysis for short-term & intraday trades.
CAPITALCOM:COPPER chart mapping/analysis for med-long term swing trades.
Despite Copper falling 38% from its ATHs, we still haven't seen deflation, even though inflation seems to have peaked for now. The inflation story doesn't seem to be over; even inflation moderates and goes close to or below 2%. The big problem right now is that the Copper inventories are extremely low and that the demand for Copper seems to be increasing because...
Keep an eye on the copper x etf which tracks miners which are engaged in the mining of Copper. Every time we've seen a heavy spike in volume this year has resulted in a corresponding top or bottom for Copper miners. My guess would be another bottom could be forming here...
Copper forming bull flag each trend line categorized by colour
Here is a thing of beauty! Measured move is a 40% increase in the RATIO! So if copper goes up 60%, it's a bag THe best thing is the target it evident and looks pretty accurate. So we can use that measured move to infer the BO time. That will come on following tweets. BF bullflag BO of a shoulder
Lot of "China is falling apart news" sell your metals recently such as: www.kitco.com IMO that story isn't going to age well at least in the near term... market buying the bad news. Recent new high on DBB. Copper looking bullish again too. Turns out the world still needs a lot of metal. Based upon that recent high and bull-flag - DBB hitting $22 = very likely. ...
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. ...
COPX took another hit today and lost +4% which is a little surprising considering Max Pain this Friday is $37... maximum-pain.com Expecting a turn soon. Probably starting next week after some more pain and fear... Indicators appear to be looking for a turn on the daily, and Volume is drying up on this leg down. Potential selling climax on July...
high prices in copper market.. Doesnt seem to fit the supply demand story.. at least according to china.
My count has a bullish ABCDE Triangle Corrective Wave unfolding for SLV., and if confirmed it will likely continue "sideways" for a bit longer. See chart for general price and wave predictions. Waiting for confirmation that Wave C is done. Indicators looking like a turn up is in the cards but volume isn't confirming IMO. However I wonder how/if retail...
Copper has a strong uptrend with a stair-step behavior. With pent-up demand for semi-conductors, copper mining has been increasing to help suppliers. For in depth analysis, please check my last charts on CPER.
Copper has a healthy stair-step trend, with mid-term consolidations after big rally's, as drawn in chart. We are about to make the measured move which I projected in my last chart on this ETF, at this point I expect we could enter a period of consolidation. Risk Management I will tight my exits to the 5-day moving average once we complete the measured move....