Copper prices rise when the economy is thought to be growing and needing more electrical
infrastructure while they fall when bearish indicators might project a recession. With that in
in on the 15-minute chart I missed a trade in the junior copper miner ETF this week. I have
now placed COPJ on my watch list and will not miss it again when it falls to support...
Copper prices have risen in recent days, supported by a number of positive factors. A weakening US dollar against other major currencies has made copper more attractive to foreign investors.
In addition, the market received positive news from Chile, the world's largest copper producer. Chilean President Gabriel Boric predicted that output from state-owned miner...
#Uranium fighting hard to regain momentum vs #Spx, trying to end its correction.
Remember, once you realize you are in a correction, you can either:
1) Stick around and hope it resolves upwards
2) Exit and let the dust settle
The second option is NEVER wrong.
Copper (HG1!) has emphatically broken above the last Resistance of the 2-year Bear Cycle as it smashed through the top of the long-term Triangle pattern. The same pattern kept Copper on a Bear Cycle up until June 2020 when it started the remarkable rally to the 5.000 High (1.786 Fibonacci extension).
As you can see on both fractals, the formation of a Death Cross...
Historically over the last 30 years copper begins to fall right now into the end of May / June. I'm now shorting copper with a price target of $4. COMEX:HG1!
Monthly is winding up for a big drop or huge jump.
Monthly:
Weekly:
Daily shows price winding up potentially the rest of the year. So I will look towards year end for the fireworks, that will decide if our pent up momentum will release upwards or downwards.
My gut says inflation will send it upward in the near future.
Waiting for rejection off the liquidity zone.
Selling only after the break below the HMA and the retest of the liquidity zone.
The break below the HMA has already happened. In the area of the retest of the liquidity zone at the moment.
Looking to sell from that zone.
Trading this off a higher timeframe as this is a 3 week swing at the least
**This is just my...
Copper is up big!
We are following Mr. Copper on the TTR for a long time. This advance is not driven by a good Global economy. Something is up behind the scenes, which is very scary as this is not a reflection of the Global economy doing so well!
All war metals are up…
In the ever-evolving landscape of the financial markets, the intersection between Electric Vehicles (EVs) and copper presents a compelling narrative. As interest in EVs surges, propelled by advancements in technology and a global shift towards sustainability, the demand for key components such as copper intensifies.
Recent market dynamics have seen a lack of...
Short Term Elliott Wave view in Copper (HG) shows that the rally from 2.9.2024 low is in progress as a 5 waves impulse. Up from 2.9.2024 low, wave ((i)) ended at 3.9085 and dips in wave ((ii)) ended at 3.8015. The metal extended higher in wave ((iii)) towards 4.164. Subdivision of wave ((iii)) unfolded in another impulsive structure in lesser degree as the 1 hour...
Copper is breaking out of a multi-year long cup-and-handle consolidation in daily time frame, as Gold first broke out. In the monthly time frame, Copper can be seen accumulating, steadily holding above all the moving averages. Once it breaks out of previous pivot, it would accelerate. Huge momentum in the next couple of years. Long-term investment opportunity.
Copper JUST missed our supply zone entry located above the opening range.
Very Clear DBD (drop base drop) formation on the 15 min chart.
We called this out today in the live room. Hopefully we get another shot at this. You never know what is going to work. You can only trade what you see taking place on the chart at that moment.
