This metal is easy. The price of copper is not only driven by industries / global gdp anymore. Well still by industries in a way but now there is a new thing to consider: the climate change pseudo science. As a pseudo science, we cannot go and say "this is how it is therefore this will be the answer", and once again, finance drifts away from "real science" in...
Unless you are tracking a particular product , forex, futures, commodities,etc for that matter, it may be hard to monitor so many charts at the same time. Timing the market , i.e. knowing when to get in at the lowest and selling at the maximum profits has remain much of an illusive art of trading to many of us. Of course, some traders are excellent in spotting...
here's something im sure we've all been watching.. looks pretty flaggy. IF the trade stuff is settling out, and markets general attitude stays upbeat. I think this looks real nice. Of course this has a lot of strings attached. good luck!
Good morning Traders! Copper could develop some interesting swing in short to medium term, having said that, if the price action will confirms the first bullish rally, it is possible to try to take a long position on pullback as shown on the daily chart. With this in mind, even if the TARGET seems very interesting from the BUY AREA OPPORTUNITY, the Money...
BAT ADVANCED FORMATION harmonic pattern approach
fcx buyers are very excited for the future! has been a good run. but, seems we never really got past phase 0 on the trade deal.. will the tariffs start to become bullish? Harder us pushes maybe quicker we find a solution.. agree to disagree? Taking a bit off table.. keeping close eye on copper.. who knows how high it may run. has been depressed for so...
Spoke with someone last night who emphasized the uptick in security at construction sites more or less specifically for people stealing COPPER. I am going to COP some COPPER. Don't do what I do. This is not financial advice. I do not know how to trade or chart, and this idea is just art : ) - Namnaste' Happy Monday fam P.S. Trade Futures? Send me a PM. Opening...
Pattern: Channel Up on 1D. Signal: Bullish as long as the 2.6000 level holds (Higher Low lim). Target: 2.8000 (1W Resistance).
All description on the chart. Please, don't forget to like and follow. Thank you.
Copper (XCUUSD) is trading within a 1D Ascending Triangle (RSI = 56.277, MACD = 0.016, Highs/Lows = 0.0000). Last week it was rejected on the 2.7000 1D Resistance and that should make it test at least the 1D MA50 (blue line). In our opinion since the RSI has been consolidating in the past 2 months, the potential pull back can make a Higher Low on the 1D Ascending...
Not sure what oct 24 was about. . fcx bounced back. Appears to be a pretty good reversal. Hard saying in current light.. Maybe? 200 day seems right.
Copper making move ER in rear view Grasberg pit on track Things are looking ok here. Just need to hop over that resistance line... : ) What do ya'll think?
Similar to last time the HG touch below the 2.55 area: trade some time below, get momentum and break above, trending higher. Looks similar right now. The trade setup is good because the stop is clear.
pure play copper not exactly best idea for global recession positioning.. but, who knows how this thing is going to go down. Copper is so important, it cant be left behind for long? Maybe it can? But accumulation at least shows some promise.. Should be fun next few months! Please let me know your thoughts.. FCX performance lately is scary. Big money know...
Copper is going to complete the deep correction within WXY structure. We are in wave c of Y to hit 2.23 area, where Y=W and correction reaches 78.6% Fibonacci retracement level. Stop 2.71 Entry market Target 2.25
What started as a nasty looking h/s has turned into a possible invert h/s? We shall see? FCX...
Copper is interestingly a great gauge of economic health coming from Asia, and also a relevant view on global growth / inflationary expectations. We've been battling two head and shoulder formations since the GFC. First, the very large commodity bubble formed a big head and shoulders that peaked roughly around 2012, a time where China had maxed out its credit...