Big wedge on copper chart. make or break time. imagine all the big charts have same ominous outlook.. Good Luck!
key level breakout on copper now we see the retest of the broken level on 4H and clear rejection on 382 fib. retracement! I believe that the current low will be retested soon - 2.458 and then we may see a bearish continuation to the downside - 2.41 good luck!
here i have planned out the 3 bump plan. you pick the ending. fun right? leave a comment if have something to add!
Dates in the future with the highest probability for price direction reversals
Pattern: Channel Up on 1D. Signal: Bullish if the price breaks the 1D MA200 or if it tests 2.500 again. Target: 2.800 (right below the Resistance Zone). Recent successful signal on Copper:
Although I have not located the specific index, I have compared copper with the main components of the index and in fact there is a clear relationship between the two intrument, it is closely related to the flow rate between shipments and the cooper is very simple.
Copper short & Crude Oil short by Usd nok Inverse weekly fractal study . error in chart : no cg1! but hg1!
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