Copper has a strong uptrend with a stair-step behavior.
With pent-up demand for semi-conductors, copper mining has been increasing to help suppliers.
For in depth analysis, please check my last charts on CPER.
Even the news shows different?
Who trust China claiming it will prevent raising prices? Really?
They only interested to put the price down to buy more copper! Think about it? Why should china help us?
See also money flow in this ETF: etfdb.com
So large volume still goes in this ETF and this for no other reason, that it will remain...
Copper has a healthy stair-step trend, with mid-term consolidations after big rally's, as drawn in chart.
We are about to make the measured move which I projected in my last chart on this ETF, at this point I expect we could enter a period of consolidation.
I will tight my exits to the 5-day moving average once we complete the measured move....
As you can see in the chart, every red square is showing a consolidation period, followed by a strong rally.
Today's action is showing strength as we are seeing a potential breakout, outside the 1-month consolidation period.
The light-blue arrows are potential measured moves. However, I would follow the 5sma or 10sma, as a...
Well, well, well.. what an interesting setup we have here in the realm of the metals. It seems that confusion regarding inflation may have caused price overshoots in different directions for different metals. Two of such that glare out to me are Gold and Copper.
I will structure the write-up of this Pig-Play a bit differently this time due to the inherent...
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...
I was looking at HG1! (Copper Futures) and that since I called the high of Copper, it has moved sideways into a clear 3-3 correction wave. The current move down could then be taken as a clear impulse which I will term the "5" in a Flat formation.
I did not expect that price will move below the support but I do expect that price will move up from here. Take it...