R-0054 Buy COPPER JUL @498.85-499.05 SL 496.85 TGT 502.40Intraday Commodity Future Buy COPPER JUL @498.85-499.05 SL 496.85 TGT 502.40
TK cross over on 30 min chart so data looks bullish for intraday or short term go long at CMP.
Copperlong
R-0038 Commodity Future Buy COPPER JUL @503-503.2 SL 500.90 TGThe chart is bullish and already TK line cross over keep SL around 500 and go long..
ridethepig | Copper Quarterly Update (via Supply Side Shortages)📍 Changing Directions...
Let us first look at the previous charts for the flows we were tracking in the typical Copper flows inside a crisis:
a) Confirming the correction, which is set from an abc retrace
b) Momentum is in play here
In the lows at 2.1 - 2.3 the clear move was loading on the lows. This was followed by an immediate slingshot out as smart money outguessed the shortages coming on the supply side. First to go as confirmed at the weekend, Chile, Covid has hit mines hard and most are back to 60% capacity AT BEST!! Chile is now a virus hot spot... it is sadly only going to end in one way.
The slingshot carried out here is going to be effective at taking out the highs - a commodity shortage is a prelude to the monetary crisis which is cooked for year-end. Those V shapers have clearly not checked the most important chart that ironically begins with a V... VIX above 30 does not imply everything is fine...
Thanks as usual for all those keeping the feedback coming in the comments... 👍 or 👎
Channel in Copper XCU, buy opportunityCopper battling with the 50 Daily EMA while finding support at the bottom of the channel.
Note we are clearly making higher high's and higher low's . Trade the trend.
Opportunity to buy, but first wait how it deals with the EMA.
Copper Futures Daily chart Analysis The market is currently at 50 % Fibo level which indicates the end of the short retracement and the beginning of a new impulse move.
There is a high probability that the market will reach 2.4056. and if prices broke that level, the market will look for the red resistance level.
Please like and comment this analysis and let me know what do you think about it
Inverted Ascending Scallop ComparisonComparison of TOTAL2 and Copper
Similarities can be seen in the formation of a scallop
This may lead to a bullish C wave breakout on copper
I identify this structure as 'weak' due to its lacking of a strong double bottom and slight downward slope, however it is a good chart pattern for accumulation.
Copper Futures (HG1!) MonthlyDates in the future with the greatest probability for a rice high or price low
Short copper ETF about to breakout?Is this ETF about to break out? Needs to break 35 before it makes real gains.
Copper Breaks DowntrendCopper seemingly has broken its downtrend, with the presence of a strong linear regression uptrend on the daily chart (0.86) this upward movement will likely continue.
ridethepig | Copper Driving China Capital Flows As you can see the strong relationship Copper has with Chinese equities, you will notice what has been the case for these final stages of the economic cycle, metals have been moving miles ahead of equities.
We got the floor set in Copper as widely expected all year:
Any dips now look competitive:
Copper has been allowed to outperform Gold:
Bulls need to reclaim the highs in Chinese Equities after the -10% leg:
A weaker USD will help reinstate a bullish outlook for Copper, support clearly seen at $2.715, then $2.675 - which I expect to hold.
Thanks for keeping the support coming with likes and as usual jump into the comments with your charts and views to open the conversation up for all!
Copper: TARGET 3.00 on positive tariff Deadline newsDonald Trump set December 15 (this Sunday) as the date to impose more tariffs on China. If this date gets pushed back - or a phase one trade deal is achieved - Copper could move up to 3.0 on the prospects of more demand from China
Copper long Trend ContinuationTrend continuation on copper 1Hr timeframe. Bouncing of 150 and 200 EMA. Risk reward ratio 1: 2. Can possibly go uptop Fib Extension 100%.
"COPPER (XCUUSD): ready to go up" by ThinkingAntsOkDaily Chart Explanation:
- Price is against a Weekly Support Zone.
- Price is under a Descending Trendline.
- Bullish Divergence on MACD.
- If price breaks the Descending Trendline at 2.68, potential to move up towards the Resistance Zone at 2.96 and, then, to the Weekly Resistance Zone at 3.2.
Our Weekly Vision supports this potential long idea. Take a look!
Weekly Vision:
Updates coming soon!
"Top and Bottom Analysis" Copper (XCUUSD) by ThinkingAntsOk4H Vision Explanation:
- Price broke the Descending Trendline and started an up move.
- It has potential to go up towards the Major Resistance Zone at 2,96767, being careful with the Middle Support Zones.
- However, the Bearish Divergence on MACD could be anticipating a Pullback to the broken Resistance Zone that is now a Support Zone.
We are also long in our Weekly and Daily Vision.
Weekly Vision:
Daily Vision:
