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....
COPX wave 5 top lies out of channel around the 25th of June. The end of June will be in my mind, 25th-28th have recurred as dates of peak projections on so many charts of mine that I will make a trading plan around it. We could see a slow down in metals and miners late summer into the autumn. I think Q4 will probably rip into a larger crash, not so sure on the...
Miners (COPX) rising daily channel (blue) tops out the Monthly (Grey), coinciding with fib levels (previously respected). The window shown in purple is the current max price target and timeframe for summer volatility, where an intermediate decline is expected before resumption in the fall after the window closes. This timing thesis is my personal favorite...
copper caught the virus.. maybe the 100 day 200 day crossover will help to get off the floor? Has good history of inspiring strength. Just what the doctor ordered? FCX
2.836 level in #copper has acted as support/resistance since Dec. Recent top at 2.885 was the 161.8 Fib extension from the secondary high in Dec. Price now coiling into desc. triangle which should resolve in direction of the trend. Breakout would set up run to 2.96 $HG_F #COPX
Consistent growth, profitable, SUPER cheap relative to broad valuations! A rising oil price over the coming years will lead to earnings estimate increases!
Recent price action in copper looks terrible.
In the weeks to come, it looks like FCX is setting up for a major bottom akin to the preciohs metals miners imo. The monthly stochastics is still down, so one for the watchlist. Price action looking good so far…
Hi guys, thank you for the support! I will have this analysis out each weekend as well as daily updates throughout the week, if you guys like what I'm doing hit the "follow" button and you will get a notification each time I post a video or chart! Have a great day everyone!
Hi guys, thank you for the support! I will have this analysis out each weekend as well as daily updates throughout the week, if you guys like what I'm doing hit the "follow" button and you will get a notification each time I post a video or chart! Have a great day everyone!
Waiting for break down of current channel before getting long.