Copper Futures

COMEX:​HG1!

potential short on copper Cyper and a 2618 trade ??????/

Bearish Bat with reverse bearish divergence. Price is also approaching a significant trendline.

Descending wedge break outs provide targets for point A at around $3.30s. Larger top of ascending broadening wedge is Target B.

Commodities can be a bit of a hit or miss trading off the fib. levels. But since bottoming in 2016, copper has been run through the 2.6 extension level shown here and appears to have been bid up off of that level all year. So, we may be heading to the next level up in the not to distant future.

Based on what i see in /HG copper futures , we have entered a corrective period going into July/August period. We are in a crucial spot. If we break 2.9 to the downside then we officially break the cycle low and entering a negative phase. If this corrective period manages to stay above that 2.9 then the cycle is still positively configured and we may expect ...

Bearish Bat with bearish divergence Measurements - .886XA - 1.27AB=CD - 1.618BC

Back below 3.10, lower parallel support zone almost gone. Further weakness with a close under the lower parallel but the trend is strong and each short position should be considered with the due caution.

Copper, the base metal that I suggested to long in my previous idea but now I am eating my words back. The reason? Friday's move down. As I pointed out in the chart, there is a reversal candlestick pattern (bearish engulfing) and then there are 3 Dojis with higher upper wicks. Also in my chart, I showed that the previous wave is, in fact, corrective. Thus, I am ...

I am expecting a 3rd wave to unfold in Copper. This is in link with my view that the equity markets are going up.

For experienced traders: Copper at key level on 20-50 daily MAs and shorter timeframe with ascending MAs towards 3.0690 breakout level.

I believe that a few days back, Copper has completed it's FLAT formation and has been a long for some time. Is it still a long today? Even though price has already gotten up, I believe that if you are looking more towards the long-term, you will want to long this. If you are able to split your size, I suggest entering a portion first in case you miss the boat.

HG1!

i like where hg1! currently is at the bottom part of this channel. im expecting up movement from here

Based on my Elliott Wave counts, Copper's fall should be ending. But there is still money on the table and it should be taken given that there is still a good 500 points (or 100 ticks in futures) to be harvested. Note that I have 2 parallel trendlines drawn using the recent highest 2 points and replicating it at the bottom. That will be where the take profit zone ...

Copper could drop again to finish giant flat correction.

Looking for a pull back into June. Amid concerns over the prospect of an economic slowdown in China, the world’s largest consumer of industrial metals. Monthly Short HG Stop 3.30 Target 2.97

The target and stop loss are shown on chart. the entry is ur choice. I use usually 1:3 risk to reward ratio.

More one advance is about begin.