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Copper

copper premarket. probably getting too specific.I think copper will continue to rise. Copper is a useful metal for lots of electronic devices. Point of control might act as a magnet to draw price higher. In march through april copper was at a decision point, and markets decided it was in high demand. I would be surprised if price went back lower through that heavily traded range. If I was ordering copper for a large company I would probably feel like I'm getting a relatively good deal and/or a good deal may be running away from me if I don't act with haste.
COMEX:HGN2021Long
by emehoke
Vox Royalty Exploration UpdateVox Royalty tells shareholders to look forward to a ‘catalyst-rich’ second half of 2021 www.proactiveinvestors.co.uk Vox Royalty Corp (CVE:VOX) provided its shareholders with funding and exploration updates from five of its 50 operating partners. The high-growth precious metals-focused royalty company noted each partner had been busy advancing their respective projects with studies, sampling and drill programs. Highlights from the exploration update include, the expansion of the Puzzle North discovery at the Australian Ulysses project, a 221% increase in measured and indicated resource at Pitombeiras in Brazil and the commencement of a modern mining study for the potential restart of mining operations at the Lynn Lake nickel-copper-cobalt sulphide project in Canada.
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by TH_Analysis
Copper is hit by both hike of I/R and China decision20-06-2021 In the past week, some of the inflationary pressure in the market dissipated with a major sell-off across the commodities complex. The Fed’s policy talk helped spur a surge in the dollar, which was part of the reason for the selling. But the first catalyst was a move by China to cool the hot commodities markets. Reuters reported that a Chinese government agency planned to release reserves of aluminum, copper and zinc caused the price to plunge. TP: $3.85
COMEX:HG1!Short
by probabilityta
COPPER (XCU/USD) – Week 25 – Pullback expected.Last week, Copper started a bearish rally that stopped around the support level. In the coming day, we are expecting a pullback to occur and drive the price towards the resistance zone highlighted on our chart. 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
Traditional market analysis 18/06/2021 #4The reflation trade seems to be over although there is still some hope. The FOMC meeting seems to have been the catalyst to confirm the end, but that reversal was brewing for quite some time. We had excess speculation, we had people truly believe this wasn't transitory... and we might get some persistent inflation due to supply constraints, but this isn't due to demand being high. Bitcoin & Crypto reversed months ago and that was the first sign of weakness. Bonds have bottomed for quite some time and Inflation expectations have also started rolling over. They seemed to have been in the same cyclical pattern as they were in 2008-2010 and nothing more than that. Of course this could continue for another year mainly due to oil going higher, as I am still bullish on it given the supply constraints and how good the chart looks like. Oil alone going higher doesn't mean we have true reflation, but some demand coming back and not enough supply which might take 1-2 years to get back. 63-67 Seems strong support for oil. Bonds have had a very clear reversal and a very clear bottom and now they have formed a mini uptrend. I don't believe yields will fully crash or that we are going below zero soon, but I also don't believe they will go way lower soon. Usually when we get such a top like the one we go in March 2020 things don't come back super strong (look at UB & TLT), especially as we are closer to the 0 bound. Currently this looks like another typical correction for bonds... so if they keep going higher the hopes for inflation get crushed. And that's normal because the world is drowning in debt and soon people will have to start paying back their debts as things are re-opening. However the problem is that the economies are not in a good shape and the covid shock isn't one that can be ignored. The damage has been huge. Bonds & USD going higher isn't a good sign, especially as the USD seems to be breaking out. It has now closed above the 200 DMA for the second time and not only that, but for example when looking at GBPUSD we see a clear breakdown for the GBP. Until it breaks 1.43 this could be a pretty bearish signal. Maybe this move is an overreaction and nothing happens, but we need to be aware that certain trends are showing weakness and it is better to wait before stepping in. Now stocks aren't in such a bad state, at least not yet. I am worried a bit that this very low volatility + some other catalyst could send them much lower. Maybe Tech stocks are the ones that benefit the most from lower yields, but smaller stocks could suffer. Nasdaq still looking strong and during such a period it could benefit the most if the rest don't have a mega crash. If everything crashes, then I would expect it to roll over too. Metals like Copper and Silver have also dropped a lot, but it isn't over for them. They are at support, but if the USD keeps going up along with bonds they might suffer more because real rates will be going higher again. The truth is that the current move have been pretty large on FX and Metals so we might take a break here. After that we can re-evaluate what is going to happen. Stocks are still in a large bullish trend at least in the long term but if everything else has reversed I think stocks will eventually be affected. Now when it comes to Central banks, their moves will be such to test the market, potentially cause a correction and then they buy the dip. Essentially this is what they've been doing willingly or unwillingly. They can't really raise rates with debt levels so high but they are bluffing. They are essentially trying to manage expectations and actually claim they tamed inflation, when the inflationary trend (reflation) was already reversing. People believe they are so powerful and they know what they are doing... but they really don't. It isn't QE or their actions that create results, but people actually believe that they are powerful. The Fed is in the business of managing expectations, not money. s3.tradingview.com s3.tradingview.com s3.tradingview.com s3.tradingview.com s3.tradingview.com s3.tradingview.com
FX:NAS100
by BitcoinMacro
1
Copper Elliott Wave Idea - Bullish Cycle Started?Taking a look at something other than Crude Oil for a change. It appears that Copper is out of a 10 year bear cycle and a bull cycle started in 2016. A look at the beginning; you can see wave 3 hit the 4.618 extension of wave 1 perfectly and then corrected perfectly to the 0.236 level for wave 4 > If you add in the subwaves of wave 5 there is also a nice 0.236 correction of wave 3 for wave 4 > All that would suggest an impulse move up and 4.0505 was the end of a larger degree wave 1. If you look at the following years from 2006 to 2016 it appears to be a multi-year correction in the form of WXYXZ > It completed at exactly the 0.618 level at 1.9300 > Looking at recent time it looks as though the first impulse wave up is completed and now in the correction, possibly to the 0.618 retracement area before up for wave 3 > A look at daily level we could be in wave B of Y > the 0.618 extension lines up nicely with the 0.618 retracement level. Something to keep an eye on I think as it could turn out to be a nice long trade with a stop loss below 1.9260
COMEX:HG1!
by Joseph_King
1
Commodities - Copper Topped OutIdea for Copper: - Commodities Cycle is topped out. - Copper in Trade and Trend Distribution patterns. - Clear 5 wave Impulse completed. - Re-tested resistance and rejected. - Price will bleed out to complete the Head & Shoulders then capitulate. TP1: 3.44 very likely. TP2: 2.78 PT: 1.97 Global markets are not moving back into Goldilocks, no matter what the media is blaring. Reflation Overshoot Trade is over. Exposure should be given to Stagflation and Deflation trades. GLHF - DPT
COMEX:HG1!Short
by UnknownUnicorn1043646
COPPER: PRICE DROP DOWN | WAITING FOR NEW BUY SCENARIO 🔔Copper prices fell on Tuesday, as increasing inventories in global exchanges and worries about possible governmental price control measures in top consumer China weighed on sentiment, despite data showing solid copper imports in the first quarter. Three-month copper on the London Metal Exchange fell 0.1% to $8,856.50 a tonne by 0706 GMT , while the most-traded May copper contract on the Shanghai Futures Exchange closed down 0.3% at 65,870 yuan ($10,055.72) a tonne. A rise in the prices of global commodities has led to Chinese top officials emphasizing the need to cap prices to reduce cost for firms and control inflation . However, China’s January-March copper imports were the highest first-quarter amount since at least 2008, on rising demand and easing logistics issues. “(There’s been) too much good news baked in, so much so that looking forward, there is expectation of tighter monetary conditions and (China’s) State Reserve Bureau’s release of supplies to help industrial firms cope with rising raw material cost,” said a Singapore-based metals trader. “But I think this is a dip to buy anything between here and $8,800 is worth picking up,” the trader said, adding that data were backward looking.
COMEX:HG1!Long
by FOREXN1
2
COPPER (XCU/USD) – Week 24 – Indecision territory.Last week, Copper almost ended the week where it started, ranging the entire time. In this context, we would carefully study the price action as the price could go both ways from here. We suggest to avoid trading this pair for now. 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:XCUUSD
by financialflagship
14
Gold, metals and oil are definitely back and looking very strongGold was falling as real yields were going up, but now that that trend has reversed gold is looking better. Gold has successfully broken and retested many key levels + several important moving averages and pivots. In the past I thought 1680 would break even just in the short term and it is still a possibility, but looks less likely at the moment. Currently Gold is at a bit of resistance and could pull back a little bit. The key level is 1980 where it could have a major trap and then a decent correction before going higher. Yes there are some issue with gold too, especially as it is still below its 2011 ATH, but once it starts closing above it again things could change rapidly. Metals overall seem really strong, with Silver gearing for a big breakout although there is still a chance of failure at the resistance above. Palladium still going hard and seems relentless. Copper at its 2011 ATHs still looking decent although it might pullback a little bit. Oil although not a metal, is very important and it also looks extremely explosive. The upside for oil at this point almost seems unlimited. The bear market for oil ended with that insane capitulation where prices went negative on the front month contract. For many reasons the production of oil has taken a big hit and now that demand is coming back, and coming back strong especially due to money printing. So from here Oil could easily hit 100$/barrel by EOY. Point is that inflation is rising, commodities are rising and will potentially keep on rising mostly due to supply shortages, but also due to excess speculation and money printing. Gold might not be the best bet in this situation, but it is definitely an asset to own as insurance. Maybe the downturn in cryptocurrencies also had to do with people switching back to Gold and other assets. Maybe Gold is a signal that something bad is coming and that thing might be high inflation or even bad deflation that could bring issues to the system. Either way dips are for buying in these assets.
FX_IDC:XAUUSD
by BitcoinMacro