Copperlong
Copper prices are facing bullish pressure, potential upside Copper prices are testing our first support in line with our 23.6% fibonacci retracement, 61.8% fibonacci extension and ascending trend line where we could see a further upside above this level. EMA and Ichimoku cloud are showing signs of bullish pressure as well, in line with our bullish bias. A break above our upside confirmation level in line with our horizontal swing high resistance could provide the bullish acceleration to our first resistance target.
Copper prices are testing support, potential bounce Copper prices are testing our first support in line with our 23.6% fibonacci retracement, 61.8% fibonacci extension and ascending trend line where we could see a further upside above this level. EMA and Ichimoku cloud are showing signs of bullish pressure as well, in line with our bullish bias.
Copper prices are facing bullish pressure Copper prices are facing bullish pressure from our first support in line with our 23.6% fibonacci retracement, 61.8% fibonacci extension and ascending trend line where we could see a further upside above this level. EMA and Ichimoku cloud are showing signs of bullish pressure as well, in line with our bullish bias.
COPPER- Can it go to 6??Copper is flying high and the question is where to?
We have reached all 4 take profit targets , relatively faster than expected.
Does Copper price have potential to go to 5 or even 6? I guess we will find out soon.
the FXPROFESSOR
Copper is facing bullish pressure, potential upside Copper prices are facing bullish pressure from our first support in line with our 38.2% fibonacci retracement, 61.8% fibonacci extension and graphical pullback support, where we could see a further upside above this level. EMA and Ichimoku cloud are showing signs of bullish pressure as well, in line with our bullish bias.
Copper is facing bullish pressure, potential bounceCopper prices are facing bullish pressure from our first support in line with our 23.6% fibonacci retracement and graphical pullback support, where we could see a further upside above this level. EMA and Ichimoku cloud are showing signs of bullish pressure as well, in line with our bullish bias.
Copper prices are facing bullish pressure Copper prices are facing bullish pressure from our first support in line with our 23.6% fibonacci retracement and graphical pullback support, where we could see a further upside above this level. EMA and Ichimoku cloud are showing signs of bullish pressure as well, in line with our bullish bias.
Copper prices are facing bullish pressure from our supportCopper prices are facing bullish pressure from our first support in line with our 23.6% fibonacci retracement and 78.6% fibonacci extension, where we could see a further upside above this level. A break above our upside confirmation level, could provide the bullish acceleration to our first resistance target. Ichimoku cloud is showing signs of bullish pressure, in line with our bullish bias.
Copper prices are facing bullish pressure Copper prices are facing bullish pressure from our first support in line with our 23.6% fibonacci retracement and 78.6% fibonacci extension, where we could see a further upside above this level. A break above our upside confirmation level, could provide the bullish acceleration to our first resistance target. Ichimoku cloud is showing signs of bullish pressure, in line with our bullish bias.
Copper prices are facing bullish pressure, potential bounce Copper prices are facing bullish pressure from our first support in line with our 23.6% fibonacci retracement and 78.6% fibonacci extension, where we could see a further upside above this level. A break above our upside confirmation level, could provide the bullish acceleration to our first resistance target. Ichimoku cloud and 20 EMA are showing signs of bullish pressure, in line with our bullish bias.
Copper prices are facing bullish pressure, potential bounce Copper prices are facing bullish pressure from our first support in line with our 23.6% fibonacci retracement and 78.6% fibonacci extension, where we could see a further upside above this level. A break above our upside confirmation level, could provide the bullish acceleration to our first resistance target. Ichimoku cloud and EMA are showing signs of bullish pressure, in line with our bullish bias.
Copper prices are approaching support, potential bounce Copper prices are approaching our first support in line with our 23.6% fibonacci retracement and 78.6% fibonacci extension, where we could see a further upside above this level. Ichimoku cloud and EMA are showing signs of bullish pressure, in line with our bullish bias.
Copper (Lower time frame version)DD is the same as my previous post:
From my daily level post:
Bullish on copper with the current confluence of news -
Goldman called copper the new oil due to its links to the green energy sector and gave a very bullish price forecast citing a potential future shortage due to "demand increasing 900% by 2030"
Coinciding with this was the mining strike in Chile - first the rumblings of a strike then the actual strike itself. Chile produces roughly 25% of the World's Copper .
Currently we are in a bullish channel on the daily chart and I expect we could see a bounce off the upper trendline, especially if positive news from Chile breaks at the same time as the price reaching this area.
Comment on current intraday:
Copper (and Corn futures) broke the intra-day channel heading to the secondary intraday support of ~4.390, rebounding at a psychological support of 4.45. Note this took me by surprise completely and stopped me out of my trade, as I moved up my stop to 4.485
Not sure what caused the big dip just prior to the US equity market opening (SPX / SPY also dumped on open) answers on a post card please?
My bias is still big time bullish due to the reasons in my original (shorthand) DD above. Please let me know your thoughts
Thoughts on CopperBullish on copper with the current confluence of news -
Goldman called copper the new oil due to its links to the green energy sector and gave a very bullish price forecast citing a potential future shortage due to "demand increasing 900% by 2030"
Coinciding with this was the mining strike in Chile - first the rumblings of a strike then the actual strike itself. Chile produces roughly 25% of the World's Copper.
Currently we are in a bullish channel on the daily chart and I expect we could see a bounce off the upper trendline, especially if positive news from Chile breaks at the same time as the price reaching this area.
Copper prices are facing bullish pressure
Copper prices are facing bullish pressure from our first support in line with our 23.6% fibonacci retracement, 78.6% fibonacci extension and horizontal pullback support, where we could see a further upside above this level. Ichimoku cloud and EMA are showing signs of bullish pressure, in line with our bullish bias.
Copper prices are facing bullish pressure Copper prices are facing bullish pressure from our first support in line with our 23.6% fibonacci retracement, 61.8% fibonacci extension and horizontal pullback support, where we could see a further upside above this level. Ichimoku cloud and EMA are showing signs of bullish pressure, in line with our bullish bias.
Copper prices are approaching support, potential bounceCopper prices are facing bullish pressure from our first support in line with our 38.2% fibonacci retracement and 78.6% fibonacci extension where we could see a bounce above this level. Ichimoku cloud and EMA are showing signs of bullish pressure, in line with our bullish bias.
Copper prices are facing bullish pressure, further upside! Copper prices are facing bullish pressure from our first support in line with our 38.2% fibonacci retracement and 78.6% fibonacci extension where we could see a bounce above this level. Ichimoku cloud and EMA are showing signs of bullish pressure, in line with our bullish bias.
Copper prices are approaching support, potential bounce Copper prices are approaching our first support in line with our 50% fibonacci retracement and 78.6% fibonacci extension where we could see a bounce above this level. Ichimoku cloud and EMA are showing signs of bullish pressure, in line with our bullish bias.
Copper prices are facing bullish pressure, potential bounce Copper prices are facing bullish pressure from our first support in line with our 50% fibonacci retracement and 78.6% fibonacci extension where we could see a bounce above this level. Ichimoku cloud and EMA are showing signs of bullish pressure, in line with our bullish bias.
Copper prices are facing bullish pressureCopper prices are facing bullish pressure from our first support in line with our 61.8% fibonacci retracement and 100% fibonacci extension where we could see a bounce above this level.
