Copper prices have recently reached a 14-month high, driven in part by China's economic improvement. This could be a potential trading opportunity, but it's important to be well-informed before making any decisions. Copper is a key economic indicator, and its demand is expected to rise. However, the market can be volatile. Here are some resources to help you...
#Silver and #Copper getting really interesting. #miners #inflation #economy #recovery
Nice reclaim of the broken horizontal and channel support on the COPX Copper miners ETF. Looks like we're headed back to the top of the years trading range at 41.80 which is an approximate move of 12% from current levels. Dr Copper being a proxy for global growth is always a positive for global markets.
As we embrace the possibility of an increase in demand for copper in the next age of technology robotics and renewable energy will be dominant. The demand for copper will keep on increasing and this will result in copper mining stocks looking attractive to investors fundamentally. We are still early in the mass adoption of the future of tech and copper is and...
- Zigzag Elliot wave pattern is done - Divergence on 4D chart with Lower Volume - Risk about 1.5ATR and aim to ride up to 4.5ATR - Good Long - You can enter the strongest stock in sector instead of this ETF, I dont like the stocks because they have poor earnings - Always try to use 2 timeframes
Consolidation (Zigzag) looks done. Good to Long Goal is about 3R (4.5ATR(21EMA)). Risk is about 1.5ATR Risk management is the most important.
AMEX:COPX clearing weekly EMA30 today (needs a weekly close) and pausing just under the recent downtrend with a bullish looking candle IMO. Could be a nice move tomorrow.
copper price upside move 5 wave copper chart wave 1 upside complete 5 days copper chart wave 2 downside complete 3 days
$COPX - Global X Copper Miners ETF continues to show relative strength. The ( RSI ) Relative Strength Index has reversed this week to maintain above 50. The volume has also increased since the beginning of the year. Using Fibonacci Retracement Levels, the current Relative uptrend used the 50% Retracement Level as a support and reversal level.
$copx $40 target, looks like a hidden back test is in. #copper
I have been asked to show a trade opportunity am about to take & share it with you. All of the trades i have posted previously were trades that i have executed in the past, so this is something new. So, what are the possible outcomes we can expect the price may never come to our DZ entry the price may come into our DZ, we take the trade & the STP is triggered The...
TorndaoF5 asked for this one as well. I like the look of it. $38 ish is a good stop here depending on risk tolerance.
AMEX:COPX The Global X Copper Miners ETF (COPX) provides investors access to a broad range of copper mining companies. It seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Global Copper Miners Total Return Index. www.globalxetfs.com
Keep an eye on the copper x etf which tracks miners which are engaged in the mining of Copper. Every time we've seen a heavy spike in volume this year has resulted in a corresponding top or bottom for Copper miners. My guess would be another bottom could be forming here...
I just learned what OBV is and if my interpretation of it is correct then this is a bad sign. Not financial advice, I don't know what I'm doing.
Copper forming bull flag each trend line categorized by colour
Copper miners in a long term consolidation phase since it hit its peak in 2011. Eventually it's forming a cup and handle pattern. Expect COPX to test the $47 level strong resistance in next 9-15 months, eventually getting into a multi year bullish breakout crushing all hit highs.
AMEX:COPX is setting up at support with a triple bottom pattern. We can look for a move up to the resistance level @ $38 per share. Check out NYSE:FCX , NYSE:SCCO , NYSE:VEDL for trading opportunities.