It's great discovery , the ratio copper gold anticipates Yield Us treasury 10 years and then , the difference of Yield 10y and Yield 2y anticipates bear market .....
Similar to $TNX. Looks like it wants to go lower meaning coronavirus still impacting China
Copper is on a three day bullish streak since the February 3rd rebound near the 2.4800 Support. The 4H chart has already turned bullish (RSI = 54.648, ADX = 36.919, ADX = 36.919) but 1D is still bearish (RSI = 34.595, MACD = -0.070, ADX = 52.434, Highs/Lows = -0.0336) so the risk remains. That risk is concentrated on the 1D MA200. As you see the MA200 on the 1D...
The difference of : to look and to see
Copper may correct higher towards 2.60. Either the wave 4 or a larger rebound in wave B may be expected.
NYSE:FCX Revision to previous chart/idea. After earnings, fcx took a dump, thanks to corona virus news, copper prices dropping, and overall index weakness. Not really sure how the market will react to fed day on wed. Assuming its not too bad, i think the bullish pattern continues. FCX is on sale and could be a good long term entry. With production in...
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
Chile is the largest copper producer in the world, the quantity it produces is double that of Canada, triple that of Russia and quadruple the United States, there is a relationship between its currency and the performance of copper , have a very strong weekly trend correlation
something funny goin on. I know AD has trouble with gaps. but... Somebody sneakin away with a bunch of shares here on the cheap? And WOW yesterday .. had expected the shake.. but, dang .made me wonder .. still am ? whats next? LETS SEE 15!
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
Nice bull volume on the recent rise in share price, suggesting to greater upside. Keeping the analysis simple. Increased bull volume Decrease bear volume on pullback following upside move Fib ratios align with recent levels of resistance, now to be validated as support RSI suggests a near term cool off, potentially right into the entry targets of target 1.05 -...
In "Copper Tempest" (see related ideas), I analyzed the macro-view on Copper. Now it's time to act. My trade starts from 2.8462 with final target of 2.8125 (end of first corrective wave). Stop Loss set at 2.8537. Disclosure: My ideas contain statements and projections based on assumptions on capital markets, and therefore inherently subject to numerous risks and...
If you like this idea, don't forget to hit the Like Button and to Follow Me! Exciting days for Copper. The brown metal reached the $2.8575 level. I'm confident that copper price will rise in the long run if copper demand, especially for China (largest copper consumer), will continue to record highs (527,000 tons in December 2019). However, we still live on...
Short update. Please reference my first FCX chart for my initial thoughts. The current rally is sitting roughly at 78.6% retracement of the prior move from April 16th of 2019. As you can see we paused a little bit and consolidated after the initial move up from $8.30 (which also resulted in a pause/sideways movement). I'm looking for AT LEAST a movement to...
hey traders, I really like copper chart :) from a technical perspective, we have a very nice conjunction of multiple selling signals. first of all, on a daily the market is currently standing on a strong structure resistance. moreover, after a strong bullish rally, the market has perfectly stoped on the underlined level with rsi showing clear divergence. in...
Copper (XCUUSD) has been trading inside a 1W Channel Up (RSI = 59.467, MACD = 0.018, ADX = 36.505, Highs/Lows = 0.0586) which touched the Higher High trend line at the end of December. Right now the price is pulling back towards the 1D MA50 (blue trend line) to price a Higher Low. As long as 2.8500 holds, which is the 1M Symmetrical Resistance, then the Channel...
Copper, symbol, HG, price action is giving us an early warning of a Bear Market with price trading above the 50 week ema, which is below both the 200 and 800 week emas, with the 200 still above the 800. Price is currently above the 9/13/30/50 week emas, so it currently is in a rally, but the long term emas are mostly flat, telling us we are in a...
As you can see the strong relationship Copper has with Chinese equities, you will notice what has been the case for these final stages of the economic cycle, metals have been moving miles ahead of equities. We got the floor set in Copper as widely expected all year: Any dips now look competitive: Copper has been allowed to outperform Gold: Bulls...