7.28.22 I want to kill you something about price action And structure as a pertains to copper. I believe many traders who look at this won't recognize the importance of structure in this particular example, so it's important to look at this as a study around structure. The most immediate reason to look at this market is that it found support and a reversal pattern...
Go long next days, we have a strong probability that the copper will rise approximately 8%.
~$4.50 today is fundamentally not the same as ~$4.50 in 2011 - the last time copper traded at these prices. QE was fresh off the block in 2011. today, it is standard operating procedure and although the fed talks a good game with tapering, we have yet to see any balance sheet reduction. Looking at this monthly chart, I noticed an interesting double bottom that...
It is well known that due to the current circumstances of multifactors of the negative order, they are causing a Global crisis, which in turn cuts the industrial demand, clearly that happened in the past and is clearly illustrated in the last crisis ( "Subprime Crisis" ). we have clear then the "high ceilings" and the "low floors",. although there is copper falls...
The support index lost $3.3. But static support is $2.96 and dynamic support is #2. The negative divergence caused the price to fall, but now we are seeing a positive divergence as it approaches the $2.7 support. We should wait and see if the price will be supported by this strong downward momentum or not?
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Hi Traders Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Over the past few weeks I have heard many opinions on the commodity Copper and it's great upside potential. Some economists are even saying that Copper may outperform Gold this...
Trade Idea: Buying Copper Reasoning: Copper oversold and trading at a key 50% Fibonacci retracement level Entry Level: 3.5079 Take Profit Level: 3.6428 Stop Loss: 3.4763 Risk/Reward: 4.04:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved...
At the beginning of June I put out an idea about shorting Copper . The market didn't do me the favor to get up to my entry, as I ignored past resistance. Probably got a little greedy too. Currently copper is sitting at support and could bounce up to 4$, maybe even up to 4.25$. However in the long term, I see it go much much lower. In my opinion we are in a...
It probably won't but a relief rally could be in play. Watch Our Bronze Age Bitcoin Video today: The Bronze Age followed the Stone Age and began around 4000 years ago. The Iron Age followed the Bronze Age and began around 3000 years ago. That's some time ago, yes. Could Bitcoin play a role as the beginning of a 'new age'? Sure.. it's a trustless system in a...
The Bronze Age followed the Stone Age and began around 4000 years ago. The Iron Age followed the Bronze Age and began around 3000 years ago. That's some time ago, yes. Could Bitcoin play a role as the beginning of a 'new age'? Sure.. it's a trustless system in a stupid planet with no trust between it's 'nations'. Funnily enough, I come from the island of Cyprus....
6.28.22 hg1! On this video I am showing you how to set up copper for a possible long trade. The market had to move a little bit higher before I could go along, assuming that I didn't get in at the beginning of the reversal higher. I believe many Traders work hard, but they're not working smart. This concept was absolutely not developed by me, it's something that...
There is a lot to like from a technical perspective regarding copper. Price carved a doji on Friday and price has reacted to a level defined by VWAP from the March 2020 low and former resistance (January 2021 high). Also, the decline from March consists of 2 equal legs. I'm thinking higher as long as last week's low holds. The May low at 4.0370 is a soft...
Copper CMP 709, looks like going towards 750 tgt copper looks like completing a 5 wave down move and should give a good retracement till wave 4 of smaller degree
This week, copper plummeted to fresh 52-week lows, breaking below the $4 per pound support level held since April 2021. Prices have now reached oversold territory as the 14-day RSI went below 30 this week, and is currently trading at 22, reflecting the brown metal’s severe sell-off. Moving averages have also created a so-called death-cross pattern, with the...
XCUUSD - Intraday - We look to Sell at 4.099 (stop at 4.135) Our short term bias remains negative. There is no clear indication that the downward move is coming to an end. 20 4hour EMA is at 4.100. Preferred trade is to sell into rallies. Our profit targets will be 4.011 and 4.001 Resistance: 4.050 / 4.100 / 4.130 Support: 4.000 / 3.950 / 3.900
COPPER (HG1!) has been trading within a Channel Down ever since the March 07 High caused of the Russia - Ukraine war escalation. Right now the price isn't just approaching the Channel's Lower Lows trend-line (bottom) but also the March 04 2021 Low of 3.8500. With the RSI dropping below the oversold 30.00 barrier on the 1D time-frame and making a Double Bottom. the...
Copper / HG Futures market may be setting up for a move back to the upside. After a huge expanding bullish candle in the beginning of June that saw price blast through the volume Point of Control (POC) which goes back to October last year the price then immediately reversed and we have seen a sell off for the majority of this month. However yesterday we saw a...