Chart posted is that of copper . we have 3 legs now down in the bear market . a natural target for support as it hit a 618 at BEST you can look for an ABC or abc x abc up until aug25 to sept 2 then CRASH
~$4.50 today is fundamentally not the same as ~$4.50 in 2011 - the last time copper traded at these prices. QE was fresh off the block in 2011. today, it is standard operating procedure and although the fed talks a good game with tapering, we have yet to see any balance sheet reduction. Looking at this monthly chart, I noticed an interesting double bottom that...
It is well known that due to the current circumstances of multifactors of the negative order, they are causing a Global crisis, which in turn cuts the industrial demand, clearly that happened in the past and is clearly illustrated in the last crisis ( "Subprime Crisis" ). we have clear then the "high ceilings" and the "low floors",. although there is copper falls...
The support index lost $3.3. But static support is $2.96 and dynamic support is #2. The negative divergence caused the price to fall, but now we are seeing a positive divergence as it approaches the $2.7 support. We should wait and see if the price will be supported by this strong downward momentum or not?
Copper showing downline trend↘, will be very helpful for long term trade. Will be profitable, if staying for long. MCX:COPPER1! P.S.- I am not responsible for any personal loss.
Here is 30 min copper MCX value high low and control price. Trade accordingly.
Copper has went into a notable downtrend from the last posting of the harmonic bear entry. I did not know it at the time of making this forecast (In fact, I looked at copper because a friend of mine has a lot of it for scrap and I was trying to explain to them why it would be a good time to cash it in, which they never) but since making this forecast I've read...
We are constantly keeping a watch on Copper and as per the chart Analysis we might see a drop in Copper in coming months. We can short on Copper on ever Upside move.
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6.30.22 Copper; exit if long.............................................................................................................
At the beginning of June I put out an idea about shorting Copper . The market didn't do me the favor to get up to my entry, as I ignored past resistance. Probably got a little greedy too. Currently copper is sitting at support and could bounce up to 4$, maybe even up to 4.25$. However in the long term, I see it go much much lower. In my opinion we are in a...
It probably won't but a relief rally could be in play. Watch Our Bronze Age Bitcoin Video today: The Bronze Age followed the Stone Age and began around 4000 years ago. The Iron Age followed the Bronze Age and began around 3000 years ago. That's some time ago, yes. Could Bitcoin play a role as the beginning of a 'new age'? Sure.. it's a trustless system in a...
6.28.22 hg1! On this video I am showing you how to set up copper for a possible long trade. The market had to move a little bit higher before I could go along, assuming that I didn't get in at the beginning of the reversal higher. I believe many Traders work hard, but they're not working smart. This concept was absolutely not developed by me, it's something that...
There is a lot to like from a technical perspective regarding copper. Price carved a doji on Friday and price has reacted to a level defined by VWAP from the March 2020 low and former resistance (January 2021 high). Also, the decline from March consists of 2 equal legs. I'm thinking higher as long as last week's low holds. The May low at 4.0370 is a soft...
Copper CMP 709, looks like going towards 750 tgt copper looks like completing a 5 wave down move and should give a good retracement till wave 4 of smaller degree
As per the chart and analysis short copper. It is going down from it current value.
copper may make a correction swing, possibly from 3.61 zone, next sup zone is 3.44
Copper’s ability to predict turning points in economic cycles and gauge the overall health of the global economy is so strong that the base metal has earned the nickname “Dr. Copper” among insiders in the commodities markets. Falling copper prices are often viewed as a leading indicator of an impending economic downturn owing to the metals’ wide variety of use...