Serve yourself a coffee and have a look at Dr. Copper!Serve yourself a coffee and have a look at Dr. Copper’s chart this morning.
It’s hinting at something bigger…
Contract highlights
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super volitile selloff brings us back to major =BUYers1->5 : solid uptrend ,
number 3 surpasses number 1 making number 2
a solid major low ,
number 5 surpasses number 3 , making number 4
a solid major low
5->6: a reutrn to the highly volitile solid major low
number 4
what do I think will happen ?
* this is just a theory, my opinion on what coul
return to solid buyers presents =BUY +mfi+rsi+obv+vwap+volume1->3 : higher high , number 2
solid major low
3->4 : return to number 2
what do I think will happen next ?
* hidden bullish divergence and also oversold
on rsi and mfi
*vwap median line on bar
* fractal bar with higher low on bar structure
* vpoc protecting stop loss
*obv breaking selling
HG - Copper Setting Up For A Long Opprtunity At Extremeđź“Š Fundamentals first:
- Short-term: The copper market is turbulent—marked by sharp price spikes, crashes, and global shifts in stock levels.
- Medium-term: Despite forecasted surpluses from ICSG, technology innovations and steady demand (especially from China and green sectors) may underpin prices
Is the price of copper cheap or is something else occuring?Is the price of copper cheap or is the price of copper indicating coming weakness in the economic cycle?
a return to proven sellers presents a =SELL opportunity1->4 : represents a buildup of orders, a consolidation and determination
of where market players think the value of this asset belongs.
4->5: sellers decide the market is overpriced and begin to sell off
the copper futures, this flux of orders fills the market and due to supply
and demand the pric
Potential bearish flag pattern on Copper futuresPrice action on Copper Futures shows that buyers and sellers have been confined between two ascending lines since the beginning of August, taken from the low of US$4.3325 and a high of US$4.4800. While this offers a potential bearish flag pattern to work with, the base metal is seen rebounding from
AI, Copper, and the Energy SupercycleThe rise of Artificial Intelligence is more than just a tech story, it’s also a massive commodities story.
AI adoption requires massive infrastructure buildouts... high-performance data centers, advanced semiconductors, and power-intensive cloud networks. Each of these components relies heavily on
Copper Futures: Bearish bias intact below $4.50COMEX copper may have found a base, but whether the nascent recovery of recent weeks can continue faces a major hurdle at $4.50 resistance. With momentum indicators like RSI (14) and MACD still deeply negative, favouring a bearish bias, the contract remains a sell-on-rallies prospect until the price
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A representation of what an asset is worth today and what the market thinks it will be worth in the future.
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The nearest expiration date for Copper Futures (Dec 2018) is Dec 27, 2018.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell Copper Futures (Dec 2018) before Dec 27, 2018.