Copper has been on a rally, but shows divergence on W1 chart Needs a strong shakeout before longer rally. -Still bullish long-term
MERBTC have Good uptrend support line. Level 05265 good resistance, as we can see on chart, price breakout from it, and now testing it as a support. Entry now, or under 05265 level I expect 3 targets for this trade: Target 1: 06270 Target 2: 07511 Target 3: 11138
#Copper (HG) putting in a good year end performance. Price up +60% from Feb'16 lows. Good fundamentals for more upside into 2018? #LME 7000 level will be a tester (approx 3.18 HG)?! Resistance 3.27 then 3.58?? Support 2.96? #Renko
Appears to be the bottom of a minor correction, Vix Fix indicator highlighted for confirmation + ABC consolidation pattern. Very bullish on copper due to high demand for batteries in the next decade, from electric cars (some countries are banning gas-powered cars) to solar panel systems. Demand for copper to proliferate between now and 2035-2040. -Monitoring
#LME #Copper at $10000? May take some time getting there!? A lot of noise in between! Fundamentals are starting to fall back in place once more though. Got to crack the 7000 barrier 1st (approx 3.1/3.2 on #HG). Nice longer term pattern forming on #Renko ? Cur trading 3.075
AMEX:NAK TSX:NDM FWB:ND3 NAK (Northern dynasty minerals) 100% ownership of the pebble project (pebble mine) the following is just my opinion, you never know what happens :) this month is probably the last chance to jump in. - official EPA approval incoming, with pruitt its a done deal already! just formalities!| latest 14th Nov --> institutions jump...
#Copper #HG on the up this morning on stronger momentum . A turning point (2.9135 Fib 61.8 zone) after recent sell off? Support 2.9135 Fib, then 2.8305? Cur trading 2.9804
Copper price/action following gold Nov-15 to Oct-16. We are now at Jun-16
COPPER HG HG1 HG1! respected the Trendlines highlighted in the previous posts; on the 4-hour chart it followed the Simple Moving Average ribbon as well. A triangle formation is being reached now. Could be a Continuation Pattern upwards.
COPPER HG HG1 HG1! respected the Trendlines highlighted in the previous posts; on the 4-hour chart it followed the Simple Moving Average ribbon as well. A triangle formation is being reached now. Could be a Continuation Pattern upwards.
COPPER HG HG1 Like last week, just more confusing Gann fan forming maybe? Price might Fakeout and bounce again. #Patience and wait for a sign. If I had to bet now I would say Long but - again - let's wait for a clearer view.
Copper is currently consolidating inside wave B of a corrective wave, which follows the bearish impulse which began in 2011. We expect copper to resume its bullish movement and complete wave C of this cycle over the new few months. The previous bounce off the .786 retracement prints a likely low in the market, and the correction since that time has proceeded...
Copper HG1! has been trading in a channel lately, and in a couple of trades we profited by the bounce on the descending trendline (magenta in the chart). Indicators look still quite bearish while the triangle pattern might suggest a continuation pattern high as I think it will go this direction but let's wait for confirmation. Be ready for action!
Copper has been trading in a channel lately, and in a couple of trades we profited by the bounce on the descending trendline (magenta in the chart). Indicators look still quite bearish while the triangle pattern might suggest a continuation pattern high as I think it will go this direction but let's wait for confirmation. Be ready for action!
A/R lines reflect the natural resistance, or swing turns. We see price already turned south after reaching the A/R line, bounced at the lower one and now toying with the upper one again. But it looks week, not enough juice for a follow through. The last bar's close looks very weak. I tend to short a pullback to the upper A/R line. Always - trading it small and...
If weekly candle closes at 2.67+, the weekly downtrend ( from 2013 !!) will be broken, and with the 4H stoch-rsi turning up, its very possible. The weekly Stoch RSI is also turning back up, so momentum is yet to come. Daily indicators are neutral. Right now, the big resistance area is obviously 2.74. IF we pass this level the algo's will probably pop it to $2.8+...
There has been little change, with High Grade Copper prices balanced around USD2.7000, confluent with the 233-month weighted MA and the (50%) Fibonacci retracement of the 2014-2016 fall. However, the underlying bullish tone is intact, as momentum studies and the positive Tension Indicator, (not shown), continue to strengthen, with clearance of here and the...
About to bounce off the 4H Cloud again. Stop at 2.633 TP 2.73