Pair : CU - Copper
Description :
Impulse Correction Completed and it will again make its Impulse in a Corrective Pattern Bearish Channel in Short Time Frame. We have Break of Structure if it breaks the Upper Trend Line then Buy and If it Rejects from the Demand Zone then Sell
Copper (HG1!) has been trading within a Triangle pattern for more than 2 years and recently the price action has gotten so narrow that it prompts to a break-out soon. The 1D MA50 (blue trend-line) has been acting as the Pivot level while the 1D MA200 (orange trend-line) had the last rejection on record on September 01.
The 1D RSI since the May 24 Low has been...
Copper is technically neutral, as also dipicted by the 1D outlook (RSI = 50.817, MACD = -0.013, ADX = 24.251) inside the HL trendline of the Bullish Megaphone and the LH trendline of the January High. This movement can only offer scalping opportunities.
If you want to commit beyond those, buy over the LH and target R2 on the medium term (TP = 4.1950) and sell...
Pair : CU - Copper
Description :
It has Completed its " 12 " Impulsive Wave at Fibonacci Level - 50.00 or Demand Zone. Bearish Channel in Short Time Frame and Impulse Correction in Long Time Frame completed its Impulse and Correction at Fibonacci Level - 61.80% it will again make Impulsive move
The copper price is slowly but surely breaking away from our blue target zone between $3.7730 and $3.5445. Since the price has already placed its low of the magenta wave (x) within this zone, we expect significant rises above the resistance at $4.19. It should then go down to our green target zone between $3.0860 and $2.5965.
It ain't easy being DR CAPITALCOM:COPPER
Peaked in March 2022, only to crash -38% & bottomed-out in July 2022.
Since then it has fluctuated between Contraction (will Global Economy collapse?) versus Expansion (will Global Economy recover?), while also contending with outlook of China's Economy, yeesh lol.
Copper's price action has also been compressing,...
The copper price is back in our blue target zone and dedicates itself to extending the low of its blue wave (c). After this fall, we expect significant rises in the context of the magenta wave (y) above the resistance at $4.19. In the short term, speculative opportunities are thus given here on the long side with the active blue target zone. Subsequently, however,...
Pair : Copper CU
Description :
Bullish Channel in STF and LTF as an Corrective Pattern
Resistance Level
Fibonacci Level - 50.00% / 61.80%
Completed " 12345 " Impulsive Wave and " AB " Corrective Wave
Break of Structure
Copper (XCUUSD) is trading within a Triangle pattern since the March 07 2022 High. The price is currently above the 1D MA200 (orange trend-line), supported twice by the 1D MA50 (blue trend-line). The 1D RSI shows that we may be replicating the July 15 - September 20 2022 fractal.
If the price breaks above the top (Lower Highs trend-line) of the Triangle, then...
The last time we looked at copper was last October, and the trade played out nicely in our favor. Much has happened since then and we think another opportunity lies on the horizon now.
Revisiting the same analysis now we observe the following…
China, being the largest copper buyer, its currency pair CNHUSD traditionally shares a high correlation with...
Please, check our technical outlook for HG1!.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 3.729.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 3.771 level.
P.S
Overbought describes a...
My dear subscribers ,
I analysed this chart on HG1!, and concluded the following:
The instrument tests an important psychological level 3.7005
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Goal - 3.7740
My Stop Loss - 3.6580
About Used Indicators:
For more efficient signals, super-trend is...
Copper hit the top of the Channel Down pattern that started in mid January and got rejected straight away. The 1D time frame already turned neutral (RSI = 51.361, MACD = 0.023, ADX = 28.747) and if the price crosses under the 1D MA50 and MA200, it will give a confirmed sell continuation signal.
First target is the S1 (TP1 = 3.5525) and second near the S2 (TP2 =...
My dear followers ,
I analysed this chart on HG1!, and concluded the following:
The asset is approaching an important pivot point 3.8850
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Target - 3.8115
About Used Indicators:
On the subsequent...
COMEX:HG1! One word - CLEAN!
What a beautiful chart for copper! Technically it's ever so clean, when it comes to set ups like this - Be careful of fake breaks.
Pattern - Triangle/Pennant
Highs: 4.2100
Lows: 3.8255
A break of highs I expect: 4.3550 & 4.5570. However, a break of the lows I expect: 3.6740 & 3.5040 and perhaps lower!
Currently, as long as we...
