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...
Copper in a very bullish set up after it´s correction. Thinking it follows the path to first box, retraces to oval and then the second box.
Channel Down on 1D (RSI = 43.566, Highs/Lows = -0.0203, BBP = -0.0350) with a porjected Lower Low on the medium term at 2.92894 but a strong 4H support (MACD = -0.009) at 2.98796. We are willing to take this quick short opportunity (TP = 2.98796) and add another one at 3.08978 if needed.
MOD a Kalahari Copper Belt explorer are actively defining a large copper resource. Current bull case based on the small portion of the tenements explored to date is for a USD2.3b copper resource (coincidentally there are 2.3b shares on issue therefore $1 of resource per share), as they continue to drill out the targets this resource is expected to grow. AISC...
Copper has risen to the upside in recent last year, with a strong rebound since the beginning of the trump administration, without a doubt this is a fact reflected in the prices of the red metal, with the promises of the reconstitution of America and with the galloping Chinese dragon on the other side, future prospects look bullish.
Commodities can be a bit of a hit or miss trading off the fib. levels. But since bottoming in 2016, copper has been run through the 2.6 extension level shown here and appears to have been bid up off of that level all year. So, we may be heading to the next level up in the not to distant future.
For experienced traders: Copper at key level on 20-50 daily MAs and shorter timeframe with ascending MAs towards 3.0690 breakout level.
Copper could drop again to finish giant flat correction.
The target and stop loss are shown on chart. the entry is ur choice. I use usually 1:3 risk to reward ratio.
No interest in shorting, or buying any price above my level. #copper I will seek out a shorting opportunity if this level is broken.
Copper has had a great bull run and is still bullish at this moment. However, we have a lot of resistance at the $3.30 level, inside of a channel, lots of divergence and we are closing the week as a bearish engulfing pattern. Also, based on elliott wave we should see a sell off as we have completed 5 waves. Also, there is a lot of supply of copper, which should...
Short Copper @ 3.3125; TP @ 3.2463, SL your choice
#Copper (HG) putting in a good year end performance. Price up +60% from Feb'16 lows. Good fundamentals for more upside into 2018? #LME 7000 level will be a tester (approx 3.18 HG)?! Resistance 3.27 then 3.58?? Support 2.96? #Renko
Appears to be the bottom of a minor correction, Vix Fix indicator highlighted for confirmation + ABC consolidation pattern. Very bullish on copper due to high demand for batteries in the next decade, from electric cars (some countries are banning gas-powered cars) to solar panel systems. Demand for copper to proliferate between now and 2035-2040. -Monitoring