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Copper

Copper bit of a bear marketHello, I see copper is in a bear market and a leg down could happen. Not going to provide a full in depth analysis. Here is a quick overview of this industrial commodity. Here is the 30Y chart compared to gold you should notice a few things: Copper could drop to 3.5-3.85. 3.85 is an extension of 1, 3.5 or 1.618. Those extensions are really very common. Gold bear market extended to 1.618 (for now): Copper, assuming this is a bear market, is no stranger to 1.618: The price extends 1 to 2 all the time. Sometimes it does more than "correct" it makes a whole downtrend. But it rarely does so (ever) without big retracements first. The old saying goes "don't trade corrections". Here this is something that repeats itself often so... And in the short term there are nice enough trends. I think trade corrections, but only if you are skilled. Newbies that struggle in 3 year straight line trends... Well of course they best stay away. As long as you have strong hands but don't overstay either, it should work out in the long run. The inflation trade is sleeping. Ah lumber has dropped so much. Too many people noticed it so they cut half the planet's trees. It dropped so much. And it had gone up so much. So much actually, that gamblers got caught up in lumber ponzis. I don't see the US going hyperinflation or even 15% a year. But people could buy commodities. In the short - medium term. Better something that returns 0 rather than say a -8% return. Disclaimer: I am long Soybeans and short Copper. To look for in the following days (to my knowledge): - China plans to release the state supply - China plans to monitor (translation: manipulate) the market - The US plans to "monitor" their economy (FED easing) - China industry has shown signs of slowing down Remember China buys half of the world Copper production (I think). China had bad numbers in particular their industrial production dropped hard. And As George Soros said, Housing Sector aïe aïe aïe. Since they learned, to their surprise (somehow) they had a 1 child policy, well there is no need for houses now is there? China doesn't take migrants either. And the rural exodus has slowed down. Economy contracts, demand goes down. Whole world contracts. China and the EU follow Japan. The US follows the EU. No reason for copper to go up. Supply is big an growing. Demand has no reason to grow. Only reason for the price to go up is inflation. For now the USD goes up as silly as it seems. Boomers worldwide all want to be safe. Safe with the greatest ponzi scheme in history.
COMEX:HG1!Short
by MrRenev
6
✅COPPER BULLISH PENNAT|LONG🚀 ✅COPPER has retested an important price level And is now consolidating below it In a bullish pennant pattern I am bullish on the metal As the transition to the "Green" economy With EV's and Wind Turbines will require massive Amounts of this commodity, so I am waiting for a breakout And then will be expecting a bullish wave With the first target being the recent high But I am sure the price will go much higher still LONG🚀 ✅Like and subscribe to never miss a new idea!✅
COMEX:HG1!Long
by ProSignalsFx
10
COPPER (XCU/USD) – Week 40 – Strong bullish signs.In our last week’s analysis, we anticipated the pair to consolidate above the orange trendline and head towards the resistance area. Instead, the price corrected deeper than expected and at the end of the week it finally broke the trendline again, but this time looks like a more solid breakout. In the coming days, we foresee the pair to consolidate around this area and head towards the first resistance area. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
OANDA:XCUUSDLong
by financialflagship
7
COPPER (XCU/USD) – Week 39 – Waiting for a trendline breakout.In our last week’s analysis, we anticipated the pair to finish the correction and make an attempt to break the resistance level. Instead, the price pulled back deeper than expected and reverted. In the coming days, we foresee the pair consolidating above the orange trendline and head towards the resistance area. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
OANDA:XCUUSDLong
by financialflagship
14
FIRST QUANTUM MINERALS CORRECTION In very simple terms, I can see FQM stock price going to my second target levels around 61.8%, we could potentially see the stock price trade around CAD$16.32/share in the next few weeks. On the daily timeframe, price has been trading below the 100 SMA and we could see a continued bearish trend to complete the corrective phase. Please refer to initial correction forecast in link below. DISCLAIMER: This is just an idea and must not be taken as a trading or investment advice in anyway.
TSX:FMShort
by Timgucci
COPPER (XCU/USD) – Week 38 – Targeting the resistance.In our last week’s analysis, we anticipated the pair to make small higher-highs and reach the resistance area. Instead, the price pulled back deeper. In the coming days, we foresee the pair to finish this correction and make an attempt to break the resistance level. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
OANDA:XCUUSDLong
by financialflagship
6
COPX - Evergrande Fall-OutBearish sentiment building for copper and other metals/commodities from Evergrande debacle in China and copper prices were down sharply this past week. COPX weekly chart closed outside the longer-term (march 2020) regression channel for the 2nd time in the last few weeks also printing a bearish engulfing candle indicating potential for more near-term down. Initial downside target bottom of the current regression channel at the 1.618 fib. COPX is currently setting atop the mid-line of the nearer-term regression channel and has volume support in this area and may briefly bounce. Not financial advice.
AMEX:COPXShort
by Akksujean
COPPER best time to buy now. 2 year rally ahead.This is COPPER on the 1W time-frame. I've made this idea to show to long-term investors why the metal is currently on the most optimal buy levels ahead of a two-year rally. As you see, the price has been rising since the August pull-back. Not only is it posting a recovery but the August low happened almost on the 1W MA50 (blue trend-line), which has been the markets major Support since the June 2020 bullish break-out. The pattern bears strong resemblance with the 2004 fractal. As you see both Cycles made a Double Bottom, which initiated the rally, a 1W Golden Cross was formed along the way and when the price hit the Resistance of the previous Cycle High, it made the first substantial correction/ pull-back. In both cases, the 1W MA50 held and then a 1 year Channel Up followed supported by the 1W MA50, which eventually paved the way for the final parabolic rally. The RSI sequences are also quite similar. It is obvious the Copper is replicating the previous Bull Cycle and since the 1W MA50 held so emphatically, it is most likely the most optimal level to buy on the long-term. ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> Vergnes --------------------------------------------------------------------------------------------------------
COMEX:HG1!Long
by TradingShot
6
Copper Wyckoff distribution idea!Hello my beauties. The arrows don't reflect an accurate prediction of what the price will do, just a rough idea of the areas that I'm expecting the price to move towards. For all the ones that have taken the trade already, good job! Copper has just entered a phase of distribution and I want to profit from it while it's rangebound. I will be long until the price reaches above the Buying Climax (BC). If you find this idea to be helpful like, follow, and drop a comment below if you'd want me to analyse a different pair. Consider supporting me if you think I am providing you with value. Peace. Luca, TrickleDownFX
COMEX:HG1!Long
by TrickleDownFX
HG1! Daily TimeframeSNIPER STRATEGY This magical strategy works like a clock on almost any charts Although I have to say it can’t predict pullbacks, so I do not suggest this strategy for leverage trading. It will not give you the whole wave like any other strategy out there but it will give you huge part of the wave. The best timeframe for this strategy is Daily, Weekly and Monthly however it can work any timeframe above three minutes. Start believing in this strategy because it will reward believers with huge profit. There is a lot more about this strategy. It can predict and also it can give you almost exact buy or sell time on the spot. I am developing it even more so stay tuned and start to follow me for more signals and forecasts.
COMEX:HG1!Long
by hadimozayan
COPPER (XCU/USD) – Week 37 – Uptrend to continue.Copper respected last week's report and broke the correction top. In the coming days, we anticipate the pair to make small higher-lows and reach the resistance area. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
OANDA:XCUUSDLong
by financialflagship
10
Copper The pullback in copper ended up being a three wave rise wherein it retraced slightly more than 61.8% retracement in international copper chart of wave Y. This opens up the possibility of one more leg to the down move in the form of wave Z. Overall look Retracement levels in copper international chart MCX chart retracement Weekly macd bearish Daily macd below zero line and down tick Rsi in Weekly down tick Rsi in daily down tick Dmi adx also Negative Below middle bollinger band Disclaimer I am not sebi registered analyst My studies are Educational purpose only Consult with your Financial advisor before trading or investing
MCX:COPPER1!Short
by RK_Chaarts
COPPER (XCU/USD) – Week 36 – Preparing for another bullish wave.Copper respected last week's report and made a small pullback. In the coming days, we anticipate the pair to continue the uptrend and eventually break the top. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
OANDA:XCUUSDLong
by financialflagship
18