Pattern: Channel Up on 1D. Signal: Bullish as long as the 2.6000 level holds (Higher Low lim). Target: 2.8000 (1W Resistance).
Hi there. Price is forming a continuation pattern to the downside. Wait for the price to complete the pattern and watch strong price action for sell.
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...
Hi there. Price is forming a continuation pattern to the downside. Watch strong price action at the current price for sell.
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?
short in levels and following price.... leave me your like and comment's about my analyze on the posts ....
Like the idea here.. couple big green days, some take advantage and sell off.. buyers step in and pick up slack.. end up with 2 big green candles? We'll see Should be good here. until next panic hits
"In the name of Allah, the Most Gracious, the Most Merciful" XCUUSD Supply & Demand Zone. Note: This is only for Educational Purpose this is not Investment advice. Thanks Adil Khan.
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...
My first one on Copper. Let's see how it will close today and open next week. If there won't be any surprise, I expect it to pullback to red area, where I'll start shorting. If it won't rise from here but just keep falling, close bellow 2.58 will be trigger for shorts also. Targets in green are valid for any of these scenarios. Disclaimer: this idea is solely for...
short in levels and waiting for TP 's .
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
long in levels and following price...
short in levels and waiting for TP
Because of copper's widespread applications in most sectors of the economy — from homes and factories to electronics and power generation and transmission — demand for copper is often viewed as a reliable leading indicator of economic health. CPER ETF seeks the daily changes in percentage terms of its shares’ per share net asset value (“NAV”) to reflect the...