Copper is trading in a sharp bullish trend. Recently the price dropped nicely. The market reached a strong confluence area: the blue zone is based on 786 retracement of a major impulse leg and a horizontal structure on the left. From that zone, I will expect a bullish movement to 820 848 ❤️Please, support this idea with like and comment!❤️
✅COPPER is trading in an uptrend With the pair set to retest The rising support line From where I think the growth will continue LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Australian dollar looks like a buy relative to US dollar. The Australian dollar the copper have a high correlation of movement between them. Copper has recently made new all time highs in US dollar terms. The Australian dollar has not made a move yet versus the US dollar while many other commodities have made upwards moves. Australia is a natural resources rich...
Comex Copper - Weekly Bottom Line : Adjusted wave count: Comex Copper may complete a flat correction by rising to a new high. Comex Copper may be rising in wave (C) of a flat correction developing as wave X (circled) of an ongoing bear market from 2011.
Copper's been trading tightly above the 50d/200dsma and is joining the commodities boom seen in agriculture and energy Here's a view of the weekly chart with the 50 week moving average. That tightness in price action is exactly what you want to see before a major move higher. Measured target is at least mid 5s
Freeport-McMoRan, Inc. ( NYSE:FCX ) Sector: Non-Energy Minerals (Other Metals/Minerals) Market Capitalization: 67.415B Current Price: $46.34 Breakout price: $46.00 (hold above) Buy Zone (Top/Bottom Range): $44.45-$41.10 Price Target: $45.90-$46.20 (reached), $56.00-$57.60 (2nd) Estimated Duration to Target: 100-107d (2nd) Contract of Interest: $FCX 6/17/22...
Copper Futures HGU2021 H1 chart shows series of LOWER HIGHS + LOWER LOWS from July 26 2021. Contrarary to fundamentals (strike in copper mine would create shortage in supply, etc) the technical analysis shows there is a room for some more down side towards 4.285. The downtrend would end if the price trades above previous HIGHER HIGH.
Investors looking for value long-term better have a look at Copper, which has been consolidating ever since its May 2021 All Time High (ATH). The 1W MA50 (blue trend-line) has been supporting all this time, indicating that the market has found a new long-term demand zone where buyers step in. The last time a similar demand level on the 1W MA50 took place was...
Entry at current level 4.56 Stop 4.30 First Target (33% of the position) 4.80
Trends to watch in 2022. Charts trending hard which is my favorite kind of chart, possibly could be good into the next few years...
There are more ways than you and I can think of in analysing the stock market performance. From very complex charting tools to using stars alignment, for as long as stock market exists, people are obsessed with coming with tools to predict the market. Copper, for a long time has been touted as a good stock market barometer (if you believe in it). Using the...
HG1! (COPPER) is still making a triangle on the primary degree 4th wave. We will finish the triangle around 61.8% or 78.6% of Fibonacci. The 78.6% area is also a trend-line support zone. With the high chance, we will rebound from the trend-line area. Wave E can take further time to develop. DISCLOSURE - Please be informed that the information I provide is not a...
Interesting... in the last couple of weeks, as the Leading Indicators signaled a retracement, it appears that it may be time for a technical bounce... JNK broke down as expected, and exceeded target. Last week's candle had a long tail recovery, and this current week is forming a rebound. MACD still in bear territory. IWM, DJT and VALUG all seemed to have...
As a basic observation in The Monthly chart of copper Futures (HG1) . Copper reached during the last year it's highest levels since 2011 breaking its all time high . As a result of the high demand from china in 2020 and the lower production from the miners in Chile and Peru . In the other hand the Chart has shown selling configuration .There's a high probability...
In this update we review the recent price action in Copper and identify a high probability trading pattern to take advantage of
HG ( COPPER ) making a triangle on a Primary degree 4th. We are on a D wave of the triangle. Most probably we finish A wave of D wave as a preferred count (Projected by the black line) and we are coming down to making a B wave. On another side of the analysis as an alternative (projected by the red line)we are on an A wave and we are going upside a little bit and...