Copper Futures COMEX:​HG1!

Doctor Copper, The leading indicator of economic cycle remain bearish see, declining copper prices may indicate sluggish demand and an imminent economic slowdown (Investopedia) In the chart, weekly chart seen copper price form double top in 50% retracement level. As the elliotician know, price failed to break 61.8% and reverse suggesting the next trend will ...

Taking a look at something other than Crude Oil for a change. It appears that Copper is out of a 10 year bear cycle and a bull cycle started in 2016. A look at the beginning; you can see wave 3 hit the 4.618 extension of wave 1 perfectly and then corrected perfectly to the 0.236 level for wave 4 > https://www.tradingview.com/x/ydzTk1dg/ If you add in the ...

Short copper until .618% to circa 2.2/3

Previous position has been brought to breakeven. This set-up is actually based on the 5M chart so I will be active in managing this, but it is in line with all of my thoughts and provides a great reward:risk.

The news has been bad around China and the trade war- but perhaps some relief is due as fatigue sets in Copper has broken out of a triangle base Scenario A) Broken trend line provides support on a pullback for bigger move to 2.86 Scenario B) Old highs at 2.75 hold and price drops back into its range

Staying weak

i think every time RSI reach to 70 copper will be fall...and this time it reach so soon to 70..i think we have have a big fall on copper...and i think it will be break of the trend line!!!

Copper price high from 2017 decline nearing reversal in futures. Not advice, come to own conslusions.

Just looking at head and shoulders patterns to see if copper will break like Gold and Silver just did.

Big level here oversold on multiple supports. $HG_F $GLD $GDX $JJC

This shows how chinese markets are linked to gold and copper via collateral.

4H AO cross has not happened yet and there is bar divergence on that time frame so this must be kept in mind. I will be looking to move to breakeven quickly and perhaps even take profit at the target but that has not been decided yet. The overall trend is bearish but this may be a short term trade before the larger correction and final 4H continuation trade. Stay ...

Refer to my NG1 Idea. Check my NATGASUSD Idea to understand my reasons to SHORT Copper. It is the same set up with the exact same entry and S/L. No kidding. Trade Safe!!

This is the HG1!-HG2! with the continuous copper front month overlaid in white. Just playing with the +/- spread charts and curves to get better at this platform.

This is to show you a nice example of sellers selling into demand. Notice the nice long bar on 2017/07/25. Not enough sellers for buyers that day and price rose. Now notice the price activity for this evening. A nice long bar now returns to the demand zone. Prices returned the same way they left on 2017/07/25. This is important because this is exactly what ...

HG1!

Our negative Bias on Copper was confirmed last week, and we remain biased short into this week as well. Pressure should remain, so long as China data shows weakness this week. Main support is 2.8 which we bounced Friday. Look to sell rallies up to 2.88 or breaks below 2.80.

Copper daily chart update from the idea posted on June 11th. https://www.tradingview.com/chart/HG1!/M3gY2Koa-COPPER-Is-Time-for-a-Deeper-Correction/