COPPER -Volatility inbound Most likely will rise (70%) chance, volatility inbound is guaranteed.
Asian stock markets rising fast = Copper demand can grow
Dollar issues = Copper can rise
= fundamentals are for Copper to rise, hence I am buying
Copper
Copper next to the Golden pointCopper is approaching the Golden point.
The breakout of the triangle will be a good opportunity to gain.
Probably it will be a break down because the last wave failed to hit 3.7000
COPPER - Approaching our first Take Profit LevelI like to set at least 4 take profit levels). Trading becomes really difficult unless you can have the power of patience and the power of taking profits gradually.
This way:
- you don't close in profit too early (oh fuck, i mad 200$ but if i had kept i could had made 2,000$)
- you do take profits along the way ensuring you make something (best trading habit)
- you can change the stop loss at entry (zero risk, you can also calculate the spreads and swaps and do it perfectly)
- if the market reverses against you after at least 1 of the 4 take profit levels has been checked you are guaranteed some profit. Which is still a winner
- you manage to finally create those long-lasting good trades that you opened 2 months ago but they still making you money
Patience is key, Planning is essential, Taking Profit gradually is the Winning Recipe.
ps. there is another element here. To correct your trades early and follow what the chart says. I had to change from sell to buy and I did that efficiently, which makes me happy.
Reversal play #metalsSelling copper here with a stop at 3.7500. After the failed breakout attempt last week I think the metal could reverse lower toward the bottom of the range- 3.4780. Inflation is certainty a topic that is widely discussed and copper has been a big part of the story, but in the near term the rate of change (22 days) has slowed and it is still below the most recent range high after a failed breakout attempt.
Copper is facing bullish pressure, potential for further upsidePrice is facing bullish pressure from our first support and ascending trend line and we could see a further push up to test our first resistance target at 3.70402. Ichimoku cloud is showing signs of bullish pressure as well, in line with our bullish bias.
COPPER - New flight inbound Copper price continues to form bullish waves to settle above 3.6400 and confirm the preparation of recording new targets in the near term and medium term basis, expecting to crawl positively towards 3.73 followed by attempting to press on the next barrier at 3.7880 to form the next station of the bullish bias.
The expected trend: Bullish
Copper is approaching support, potential bounce Price is facing bullish pressure from our first support and ascending trend line and we could see a further push up to test our first resistance target at 3.70402. Ichimoku cloud is showing signs of bullish pressure as well, in line with our bullish bias.
As expected exactly copper continue downThe copper arrive exactly to the support as i expected before..
Copper is facing bullish pressure, potential for further upsidePrice is facing bullish pressure from our first support and ascending trend line and we could see a further push up to test our first resistance target at 3.800.
Copper has broken the uptrendlineCopper has already broken the uptrendline and it has tested the support,
Maybe it will fall towards 3.6000 and on the other hand if it breaks 3.7000 it will continue its uptrend.
Copper is facing bullish pressure, potential for further upside Price is facing bullish pressure from our first support and ascending trend line and we could see a further push up to test our first resistance target at 3.800.
$5: Copper Aiming for New ATH One of the best looking and yet under-rated commodities chart has to be of COPPER.
I know Gold and Silver bugs don't usually get strayed with non-precious metals but technicals are surely juicy if you are able to take a multi year position. My guess is it will be early 2023 when we break through the new ATH.
Notice the divergence of price and OBV + a successful 'price action' breakout in the last 3 months. Wait for another 3 months to absolutely confirm the pattern and then off you go.
Even the last two volume candles are strong (>=MA) which shows consolidation under place.
Here it is #RioTinto #RIO #tradingview @RioTinto #mining #goldWho would have thought it?!
Rio Tinto is faster than the police or the Söder allows.
The shares simply do not respect the boundaries of the restrictions and cross the borders. That is forbidden, after all in Germany.
In this case, Rio Tinto is making a statement with a new all-time high and thus for me an superior ongoing wave 3.
With 4.8% p.a. Dividend yield one is also made happy at the moment.
So everyone can get through the storm.
Greetings from Hanover
Stefan Bode
Copper is approaching support, potential bounce Price is facing bullish pressure from our first support and ascending trend line and we could see a further push up to test our first resistance target at 3.800.
COPX and COPPER - Miners Upside into MarchMiners (COPX) rising daily channel (blue) tops out the Monthly (Grey), coinciding with fib levels (previously respected).
The window shown in purple is the current max price target and timeframe for summer volatility, where an intermediate decline is expected before resumption in the fall after the window closes.
This timing thesis is my personal favorite (calendar day-wise) for sale (March-end) and re-buy (August end/September).
Constructive criticism welcomed.
Copper is facing bullish pressure, potential for further upsidePrice is facing bullish pressure from our first support and we could see a further push up to test our first resistance target at 3.800.
Copper = Industry (also a hedging opportunity)There is a direct correlation between the S&P 500 and copper performance and they generally move in the same direction.
Copper is much more closely aligned with global growth and demand, so if the global economy is expanding then demand for copper should increase.
In other words, if the stock markets correct or crash the price should drop (now at resistance)
If the stock markets rise more, then very simply Copper will follow.
Hedging idea :
60% Platinum buy (over it's resistance), 40% copper sell (under it's support).
Compound the winner gradually and follow the indices movement.
ps. the indices are most likely correcting, not crashing at this stage
Copper is facing bullish pressure, potential for further upsidePrice is facing bullish pressure from our first support and a break above our upside confirmation level would see a further rise up to our first resistance target.
Gold/Copper Ratio - LONG; BUY it uo!This one is likely to rally like never before!
Here is the Dialy chart
Copper is facing bullish pressure, potential for further upside Price is facing bullish pressure from our first support and a break above our upside confirmation level would see a further rise up to our first resistance target.
Barrick Gold Corp.Bullish Cup and Handle Pattern
I expect a big green 3 Month Candle with a minimum 31 $ target for Q1 2021
Sell Copper
Target 602/601
Below 600 Target towards 598/595 for short term.
Main stop Loss at 609
* I just shared my view. Please trade with your own and comfortable ideas.*
