Copper has resumed its bearish cycle after having bullish cycle and record inflation.
Copper is leading us that economy is slowing down significantly.
In coming months inflation will fall back below 4 percent.
Deflationary cycle has already begun.
I think it's becoming more and more clear that copper sells could extend into the last quarter of the year. Corrective wave 4 seems complete at 0.382 of the second Minor wave count and price is currently in an impulsive bear wave of a lower degree. We should therefore expect Copper prices to plunge to $2.96/lb(-15.4% decline) with some minor bullish price action...
In April, I shared my show idea on Copper with 2 main target levels.
I am glad to have seen this play out as expected.
Here is the link to my initial idea
Please leave a like if you would like to see more ideas from me.
Trade Idea: Buying Copper
Reasoning: Copper oversold and trading at a key 50% Fibonacci retracement level
Entry Level: 3.5079
Take Profit Level: 3.6428
Stop Loss: 3.4763
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved...
We have seen an impressive bull run on Copper and Copper stocks over the past few months, my calculations / analysis shows that this may now be coming to an end and we should expect a short - term sell off on Copper and Copper stocks in the next coming weeks.
Copper (XCUUSD) will be entering a correction in the second quarter of 2022. At the current price,...
Commodities have had a heck of a bear market.
The low cost of oil and natural gas is due to abundant shale gas and shale oil supply making the US an exporter for the first time since the seventies.
This in turn caused energy dependent industries like mining and agriculture to be more cost efficient, creating higher output in the mines and on the fields and pushing...
if copper/gold ratio breaks up from the current consolidation, US10Y will need to catch up by speeding the up move, which may cause an additional crunch on financial markets, squeezing all unyielding assets, unprofitable investments.