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...
So, is this what means: A market is cornered? ;-) OK...let's get serious...they observe us hehe... The very old top acts as a perfect resistance. Now, focus on the white pitchfork. The market overshooted the U-MLH (upper line). This is a huge stretch. In fact, if the power where there, price had to go to the next extension of the Pitchfork. But so far it...
deep ih&S was actualyl backtesting deeper shells ina. giant bullflag. She's gong to fly. Safest entry is here-ish ith a tight stop-leooss adn exit before the turn up high.
Pattern: Channel Up on 1D. Signal: Buy as the price is rebounding on the Higher Lows (bottom) trend-line of the Channel Up while the MACD just formed a Bullish Cross. Target: 4.980 (the 1.236 Fibonacci extension). -------------------------------------------------------------------------------------------------------- ** Please support this idea with your...
It's informative to see the positioning of Commercials (producers and consumers in the Commitment of Traders Report) and how that relates to price action. Commercials are considered the "smart money" in the commodity markets because they supposedly are better able to judge future price direction based on supply and demand conditions "on the ground". These 2 charts...
Nice retest of the breakout area. Consolidating and holding above the 50dma for the 3rd successive day. RSI still strong and with the 50dma > 200dma, i expect the positive trend to continue higher shortly..
Pushing the price up: - High demand for EVS, renewable energy production, the Green New Deal, means copper production is below demand and expected to be in shortage for years - Stimulus spending and inflation of industrial goods - Producers cannot increase supply fast enough, examples: Freeport CEO "It will take 7-8 years to get new production to the market",...
As we can see copper is in the oversold zone. It can be expected correction 30% or more in 2022.
test What is HG copper? Our Copper Futures contract (HG) offers the ability to deliver or take delivery of Grade 1 electrolytic copper cathode in a timely, transparent and efficient fashion at CME Group approved and regulated facilities located throughout the United States.
Copper futures broke out of their wedge this week, with per tonne prices breaking the $10,000 milestone. Names such as Freeport-McMoran (FCX) are benefitting from this, while TRQ is on discount due to. setback in their mining process. Despite Fed tapering, copper is strong, surprisingly. I believe that now is the time to get in "The New Oil", as stated by...
Copper futures are aiming for the May high at 812.60 after prices confirmed a breakout above a Descending Triangle chart formation. The 200-day Simple Moving Average helped maintain the dominant uptrend as the red metal continues to consolidate since earlier this year. A drop back under the July high at 768.50 could undermine upside progress, reorienting copper...
HG1!: 🕐 6h A big review of this asset is planned for the first half of next year, but decided to make a small update to the count, as the current sideways formation looks very much like a bullish contracting triangle that is about to be completed. On completion of the final wave E of (B) , there will be a good trading setup for a long position. The...
When will chile market the catch up? After the elections? Political discount is probably too high
In our last week’s analysis, we correctly anticipated the pair to consolidate and head towards the first resistance area. In the coming days, we foresee the pair gaining more bullish momentum and make an attempt and break the resistance. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it...
✅COPPER has retested an important price level And is now consolidating below it In a bullish pennant pattern I am bullish on the metal As the transition to the "Green" economy With EV's and Wind Turbines will require massive Amounts of this commodity, so I am waiting for a breakout And then will be expecting a bullish wave With the first target being the...
9.26.21 When markets give you clues...will you see the clue? Dogecoin; Copper Part 1 Part 2 will show a chart of someone who must be following me; there are some things I believe he might be overlooking.
In our last week’s analysis, we anticipated the pair to finish the correction and make an attempt to break the resistance level. Instead, the price pulled back deeper than expected and reverted. In the coming days, we foresee the pair consolidating above the orange trendline and head towards the resistance area. Trade with care. Best regards, Financial Flagship ...
In our last week’s analysis, we anticipated the pair to make small higher-highs and reach the resistance area. Instead, the price pulled back deeper. In the coming days, we foresee the pair to finish this correction and make an attempt to break the resistance level. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is...