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Copper

Smart Money Positioned to LONG Copper - COT StrategyDISCLAIMER: This is not trade advice. This is for educational purposes only to demonstrate how I am looking to participate in this market. There is significant risk involved in trading, do your own homework and due diligence. COT Strategy LONG Copper (HG) My COT strategy has me on alert for long trades in HG if we get a confirmed bullish change of trend on the Daily timeframe. COT Commercial Index: Buy Sentiment: Advisors very bearish is actually...bullish. OI Analysis: Multi week down move has seen OI decrease drastically while Commercials have added to longs = bullish. Valuation: Undervalued vs Gold & Treasuries Bullish Spread Divergence Supplementary Indicators: Acc/Dist & %R Remember, this is not a "Long Now" idea. These indicators are not timing tools. They simply tell us that this market could have a move of some significance to the upside, which we will participate in with a confirmed Daily trend change to the upside. Good luck & good trading.
COMEX:HGZ2024Long
by Tradius_Trades
SILVER'S TIME to TAKE BREATHER Fundamentals: Bricks buying and geopolitical tensions have kept Gold price elevated pulling up the silver price with it. I believe the Bricks meeting this Sept to be a selling event given that all of the purchase goals (for now) will be met by the meeting. Gold is the stronger of the two metals. I am leaning short Gold but I think silver has more downside potential given recessionary woes (industrial applications). Seasonal and Election: Looking back Sept-Oct are typically down months for metals. Technicals: The price is now up against heavy supply zone and major $30 psychological level. There is a head and shoulders pattern (4r) forming inside of a much larger head and shoulders pattern (2day) (See previous post). At the moment the price has failed to pop back up above the 4hr MA. It may recover. However, I will be selling into strength inside of the the supply zone with a stop on a 2day close above the $30.50 level. Fed Thoughts: The market has all but priced in a rate cut at this point. Every movement this year has been predicated on them (despite never materializing). I am of the belief that the cut itself will be a selling event regardless of whether or not we get a short lived rally. Expression: Given that I am skeptical on equities and bearish Silver I will be shorting SILJ given that it has a history of outperforming to the downside on Silver draw downs. In addition, the upside/risk is limited (as much as it can be haha). Major funds are not investing in juniors. They have and will put capital into majors like GOLD and NEM if metals continue to push higher. In addition, miners are not experiencing the upward pressure that Gold and Silver have because central banks and foreign buyers (the reason for the rally in metals) are NOT buying miners, they are buying physical metal. PAAS is also a strong short candidate. It is a basket case (major earnings miss) and will outperform to the downside.
VANTAGE:XAGUSDShort
by TheSilverOracle
2
COPPER Rejected on the 1D MA50. Will it rebound or break lower?Copper (HG1!) got rejected yesterday on the 1D MA50 (blue trend-line) for the first time since early July. This is a clear Bearish Leg on a potential Channel Up pattern, so technically, it may form a bottom on its Higher Lows trend-line and rebound. If it does, our Target will be the 0.786 Fibonacci retracement level at 4.900 as on the January 17 2023 rebound. If on the other hand the price breaks below 3.800 and the Higher Lows (dotted) trend-line, we will take the loss on the buy and sell, targeting 3.3500 (top of 2 year Support Zone). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
COMEX:HG1!
by TradingShot
1
Bearish reversal?COPPER is rising towards the resistance level which is a pullback resistance that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit. Entry: 4.3188 Why we like it: There is a pullback resistance level which aligns with the 61.8% Fibonacci retracememnt. Stop loss: 4.46047 Why we like it: There is an overlap resistance level that aligns with the 78.6% Fibonacci retracement. Take profit: 4.1250 Why we like it: There is a pullback support level. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
VANTAGE:COPPERShort
by VantageMarkets
Copper & Oil : Are commodities about to surge? Copper is showing great pattern consolidation. it appears to be putting in a daily bull flag pattern that looks poised to breakout. If copper follows some of the other recent price action in the commodity space it makes it even more likely to surge., You're seeing #gold #uranium #oil and other all performing well. Will this dampen and slow down the dis inflation expectations? Perhaps. I am long SCCO with members and have already secured some profits today with members. I do think there is more strength to come in copper.
BLACKBULL:WTI
by Trading-Capital
1
Potential bullish rise?COPPER has reacted off the support level which is an overlap support that lines up with the 23.6% Fibonacci retracement and could rise to our take profit. Entry: 4.1293 Why we like it: There is an overlap support level which aligns with the 23.6% Fibonacci retracement. Stop loss: 4.0266 Why we like it: There is an overlap support level which is slightly below the 50% Fibonacci retracement. Take profit: 4.3154 Why we like it: There is a pullback resistance level which aligns with the 50% Fibonacci retracement. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
VANTAGE:COPPERLong
by VantageMarkets
COPPER - Following Gold?Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 COPPER has been overall bullish, trading inside the rising wedge pattern in blue. At present, COPPER is undergoing a correction phase and it is hovering around the lower bound of the wedge. Moreover, it is retesting a massive support zone marked in green. 🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the green support and lower blue trendline acting as a non-horizontal support. 📚 As per my trading style: As #COPPER approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
CAPITALCOM:COPPERLong
by TheSignalyst
1
Dr Copper - Which direction will copper go!?Copper is located between EMA200 and EMA50 in the 4H timeframe and is moving in its descending channel The basis of short-term trading can be considered as breaking or maintaining the drawn short-term upward trend line The failure of this line and copper reaching the demand zone will provide short-term buying conditions for copper On the other hand, the authentic failure of the downward channel and copper reaching the supply zone, which is also at the intersection with the copper monthly pivot, will provide us with the opportunity to sell it with a suitable risk reward
CAPITALCOM:COPPER
by Ali_PSND
Why are Interest rates falling? Time to buy? We have seen an amazing fall in interest rates. Bonds have looked to put in a local bottom. Why are bonds showing signs of accumulation? Is the bond market pricing in a recession? I believe the recent decline in yields is due to commodity weakness. Yields have soften because energy & base metals have become cheaper. This drives the disinflationary narrative. I think its to early to tell whether this decline is from demand or global weakness.
TVC:US10Y
by Trading-Capital
COPPER signaling the start of rate cuts? Potential danger ahead.Copper (HG1!) completed two straight red months following May's High at the top of the 3-year Rising Wedge pattern. Last time the commodity formed this pattern was back from May 2006 to September 2008. In fact the recent May 2024 Higher High resembles that of May 2008, whose rejection broke the Rising Wedge downwards. As you can see, during both patterns, the US10Y (orange trend-line) stopped rising and turned sideways on Lower Highs, while the U.S. Interest Rate had peaked and started falling. What 2006 - 2008 suggests, is that possible rate cuts may be ahead of us, pragmatically the markets have already priced this to a large percentage in September. But at the same time, it highlights the danger of a market-wide collapse, as the first month after the September 2007 rate cut, the stock markets peaked and the U.S. Housing Crisis begun. What could be different this time and avert a new financial crisis of such proportions is that the stock markets haven't shown any signs of correcting yet. As a result, potential rate cuts may have a mostly positive bullish continuation effect as post July 2019. What do you think will happen next? Bullish continuation or new Bear Market? ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
COMEX:HG1!
by TradingShot
2
Copper (HG) - Look for Longs?While the decline in copper persists, @HG is nearing areas of previous demand on intermediate-term timeframes. Specficially, we will be watching the industrial metal's action between the prices of 4.1130-4.0605 (with hypothetical stop lower @ 4.0250). Given the current momentum and potential add'l downside per larger timeframes, we recommend watching for micro-TF trend violation/reversal confirm signals before establishing positions. This idea is bolstered by a backdrop more broadly of metals having pulled back and a AMEX:USD that looks vulnerable vs. physical assets over the longer-term. Of course "Dr. Copper" is more closely linked to the global economy vs. GC (which we like better), but price, ultimately, remains undefeated + copper will become a value buy at some point... Godspeed, JHart
COMEX:HG1!Long
by LionHart_Trading
Dr. Copper: From Failed Breakouts to Fresh BreakdownsRisk assets are taking a hit. The major equity indexes are seeing red. Crude oil is slipping below eighty bucks. And gold is failing at new all-time highs. Perhaps the markets are navigating the summertime blues – a tune base and industrial metal investors have been humming for months. Dr. Copper is living up to the trading adage that from failed moves come fast moves in the opposite direction. The futures continue to fall – down almost 8 percent this week. That level coincides with a key retracement and former resistance area – a logical place for buyers to step in and defend price. On the other hand, momentum is drifting toward oversold conditions. If the 14-day RSI drops below 30, I imagine copper will reach four dollars.
CAPITALCOM:COPPERLong
by USDSZL