Pair : Copper - CU Description : Completed " 12345 " Impulsive Waves Break of Structure and Retracement RSI - Divergence Demand Zone as Support Fibonacci Level - 78.60%
While the decline in copper persists, @HG is nearing areas of previous demand on intermediate-term timeframes. Specficially, we will be watching the industrial metal's action between the prices of 4.1130-4.0605 (with hypothetical stop lower @ 4.0250). Given the current momentum and potential add'l downside per larger timeframes, we recommend watching for micro-TF...
Pair : Copper - CU Description : Demand Zone Completed " 12345 " Impulsive Waves and " A - B ( Irregular ) Corrective Waves Break of Structure RSI - Divergence Fibonacci Level - 127%
Pair : CU - Copper Description : RSI - Divergence Completed " 12345 " Impulsive Waves and " AB " Corrective Waves Break of Structure and Retest Impulse Correction EXP FIAT as an Corrective Pattern in Short Time Frame
Pair : CU - Copper Description : RSI - Divergence Completed " 12345 " Impulsive Waves and " AB " Corrective Waves Break of Structure and Retest Impulse Correction EXP FIAT as an Corrective Pattern in Short Time Frame
Macro Monday 54 Chile and Peru The Largest Copper Producers in the world A staggering 36% of the global supply of copper originates from Chile and Peru. With AI, semiconductors and big tech leading the furore in markets, isn’t it any wonder that both countries are demonstrating incredible growth. Being the largest producers of copper in the world during one of...
Following a rebound at the $4.3320 Demand area, copper has started a bullish upside movement. In our analysis, we have identified two potential reversal points that align with recognized Supply areas and the seasonal trend analysis. These areas are critical for our strategy, as they indicate possible turning points in the current uptrend. Additionally, within...
Pair : CU - Copper Description : Completed " 12345 " Impulsive Waves and " A " Corrective Waves Break of Structure Fibonacci Level - 38.20% RSI - Divergence CHoCH Bullish Channel as an corrective Pattern in Short Time Fame
hey guys, Yearly inside Bar - possible continuation of uptrend. 4.6400 is THE level to break on a Yearly close. Quarterly: Bearish Candles with a long wick. --> Setup is Bearish Monthly: A shooting star with a bearish Engulfing Candle. Stochastics Bearish -> at a yearly Key Level. This confirms the Quarterly Bearish Bias … Bearish Setup: Sell at a valid...
Pair : Copper CU Description : Bearish Channel as an Corrective Pattern in Long Time Frame Break of Structure Demand Zone RSI - Divergence CHoCH Falling Wedge in Short Time Frame
Copper is known as the electrifying metal. Copper's warm glow and durable spirit, copper wires the heart of many a machine. This reddish rarity has been super bullish in the recent past but less so now. That doesn't make it less investable. Just that nuanced investing approach is called for. Outlook for copper has become mixed once more, with near term demand...
Pair : CU - Copper Description : Completed " 12345 " Impulsive Waves Falling Wedge as an Corrective Pattern in Short Time Frame Break of Structure RSI - Divergence Demand Zone
Pair : CU - Copper Description : Bearish Channel as an Corrective Pattern in Long Time Frame RSI - Divergence Break of Structure Completed " 12345 " Impulsive Waves Consolidation Phase in Short Time Frame
Pair : CU - COPPER Description : Falling Wedge as an corrective Pattern in Short Time Frame RSI - Divergence Break of Structure Demand Zone Completed " 12345 " Impulsive Waves
Last time we looked at Copper (HG1!), we established our long-term strategy (April 19, see chart below), which involves a new Bull Cycle, through a Channel Up pattern similar to 2020 - 2021: So far the plan goes flawlessly, as the price hit the top of the (green) Channel Up and is now pulling back. The 1W MA50 is about to complete a Golden Cross with the 1W...
Pair : CU - Copper Description : Break of Structure Consolidation Phase in Short Time Frame RSI - Divergence Demand Zone Completed " 12345 " Impulsive Waves
Hedge fund manager Pierre Andurand predicts that copper prices could surge to $40,000 per tonne in the coming years due to soaring demand. Currently priced at around $11,000 per tonne, copper has already seen a 20% increase this year. The demand is driven by the electrification of various sectors, including electric vehicles, renewable energy sources, military...
Copper has had a monster run to the upside. Its clearly going to affect aspects in the economy by applying upward pressure on inflation and downward pressure on home builders and construction. Copper surging shows resilience in the global economy but simultaneously high copper prices could cure this rushing demand. Copper technicals are screaming a pullback,...