Hudson Bay Minerals is 50% off January high and mining not favorite for many but it's in small-cap under $10 stocks that can give good double digits this year. Turning up off baseline entry as copper futures are also turning around.
Small cap Mining Stock to own when VIX jumps 5% like yesterday. Entry 1.79 Development and recovery of precious and EV specialty metals: Nickel, Copper, Gold, Palladium, Zinc, Germanium, and Rhodium.
Copper now at strong support, Dollar at it's major resistance. We can expect big bounce to CD-382, 618
Small-cap: IVH or OTC: IVPAF showing potential entry. Shown here is 2h chart. * Fib retracement on 1D indicates entry at near 1.50-1.54 and currently at 1.57. * CCI coming up to entry zone * Falling wedge coming to Fib resistance zone .768 (1.50-1.54) * Relative Strength nearing breakout, or if falls below 1.48 review position * Copper prices were...
Copper is trading within a 1D Channel Down (RSI = 43.155, MACD = -0.058, Highs/Lows = -0.0015, B/BP = -0.0380) after reaching the 2.54472 mark. It is now near a new Lower High = 2.69388, which if it holds, will test the 2nd 1W support = 2.45945, which is our target for the new short on XCUUSD. If the Lower High is crossed, the we will get a temporary rise to 2.85479.
Copper price high from 2017 decline nearing reversal in futures. Not advice, come to own conslusions.
As previously discussed in other post I expected Copper to correct quite a bit. I was expecting the 2.44-2.60 area because of many confluences. However, we have completed an ending diagonal pattern that pushed to 2.86. Now we have come down to my expected support area based on fractals and fib levels, which we are now holding. Also, if you look at the USDOLLAR we...
Refer to my NG1 Idea. Check my NATGASUSD Idea to understand my reasons to SHORT Copper. It is the same set up with the exact same entry and S/L. No kidding. Trade Safe!!
Any rally/retest as high as the low 3 range remains a short on a long term scale (weekly).
4H AO cross has not happened yet and there is bar divergence on that time frame so this must be kept in mind. I will be looking to move to breakeven quickly and perhaps even take profit at the target but that has not been decided yet. The overall trend is bearish but this may be a short term trade before the larger correction and final 4H continuation trade. Stay patient.
Copper is on important crossroads. It has so far rebounded on the 1st 1W support at 2.69388. This is a medium term bullish signal towards 2.85479 as 1D is already easing the previous oversold MACD = -0.081, Highs/Lows = -0.0468, B/BP = -0.1300. 4H is already on neutral STOCH, ADX, Williams, Highs/Lows, steady enough to sustain this bullish counter-leg. The current...
This level seems like it has some kind of importance. Got this EW count, makes sense to me: We retraced 0.382 first high TF wave, then right now we are on 0.618 next wave... Major level imo...
This is the HG1!-HG2! with the continuous copper front month overlaid in white. Just playing with the +/- spread charts and curves to get better at this platform.
Long Copper @ 2.835; TP @ 2.8917, SL your choice
Copper was doing good during last two years as it rallied from sub-2 to above-3 levels. But the structure is corrective so the wave C finished the correction being equal to wave A by size. Then we saw a breakdown below the white support this March. After that there was a healthy pullback, which was rather menacing as it almost broke the earlier top but failed just...
Very strong bullish indication in copper HG1! on monhly chart. Very strong support on 2.99-3.00 . After Kumo breakout in recent months with strongmomentum developing and attacking strong resistance level 3.25 -3.35. In short term good opportunity to jump in short term trades in this range 2.98 -3.30 because in daily its choppy market
Watch the price action in Copper if breaks down of 3.0285 level.
Hello Traders, In this analysis, we will have a look at the metal Copper in the 1 hour chart. Short-term Elliott Wave view suggests that the pullback to 3.0101 on 5/30/2018 ended blue wave (2). The internals of blue wave (2) unfolded as an Elliott Wave double three structure where red wave W ended at 3.0195 and red wave X ended at 3.1485 high and the decline to...