MHG1! trade ideas
Copper MCX chart indicates strong bull run about to startCopper is managed to bounce from 750 level and in last trading session give strong recover from bottom.
On daily time frame made a bullish pin candle near resistance zone.
Breaking above 760 will trigger strong buying and target will be 770 to 775.
Copper Commodity USA Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
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By Sun Storm Investment Research & NexGen Wealth Management Service
A Profit & Solutions Strategy & Research
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Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision.
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Copper looks ready, maybevery possible. I think the Monthly chart is more pertinent . Above 4.89 all time high and clear skies
Copper looks interesting for next few days.Will be watching copper for next few days price action for a right trade....
Hg Copper Yeah, its overbought I know but that rsi hold above 50% is a sign.
and its happened before.
Sell COPPER As a basic observation in The Monthly chart of copper Futures (HG1) . Copper reached during the last year it's highest levels since 2011 breaking its all time high . As a result of the high demand from china in 2020 and the lower production from the miners in Chile and Peru .
In the other hand the Chart has shown selling configuration .There's a high probability that the prices might visit the 4.7 level before it starts dropping down and visit some of the lowest levels passing by $3.5 - $3 as first target in the next few month and if the price breaks down this level then the target will be $2.5 , and there is a lot of fundamental reasons .
-Lately the Li Keqiang Index has dropped down as sign of china's Industrial situation . and as known the high correlation between Copper and the Li Keqiang and it lower the demand on copper in 2022 .
-Chile started rising its production rate so this will affect the supply in the market .
-The US federal Bank has been declared that they will rise The Interest rate by the end of March and it will affect all industrial and technological sectors.
Market Recap and levels to watch for the coming sessionUS markets saw a late session beating to push prices sharply lower into the close and continue the recent selloff. Watch the video for a more detailed breakdown on my Macro picture and key levels I am watching in major markets.
Thanks for watching and please take some time to check out the website.
Copper 1 Month Golden CrossA rare feature in this timeframe.
Many times, a so-called Golden Cross is pointed at, when actually it is not a truly one.
A real Golden Cross is when an ascending 50 x MA is crossing an ascending 200 x MA (x being the timeframe -Day, Week, Month...)
Of course, the larger the timeframe, the more significant is the pattern.
I personally like to consider a combination of 20 MA, 50 MA and 200 MA (simple MAs):
When ascending 20 MA is crossing ascending 50 MA and, in the same conjunction space, the 50 MA is crossing the ascending 200 MA.
The point that MAs must be ascending is really important, though too often overlooked. It's what gives its strength to the configuration.
As we are probably seeing an end to the consolidation pattern in Copper (to north), it's remarkable to notice this nice tripartite Golden Cross in the 1 Month timeframe.
New trading strategy upgrade - CopperHi traders, this is my personal trading idea only. Please give an AGREE/ LIKE, my trading strategy is Price Auction - using Chart only, your comments are highly welcome. My chaos drawing is not to predict and guess the further, it is my plan where we are on the chart and how we shall trade on what we see. Trade well & Good luck guys.
BULL ANALYSIS (Wyckoff Reaccumulation) - COPPER (HG1!) - 1DWHAT WE HAVE
Daily Wyckoff Reaccumulation pattern
Monthly / weekly linear up trend
Bull monthly channel (waiting for contact with resistance)
WHAT I THINK
One of the best view we can see here for a reaccumulation and continuation setup. This isn't a signal for entry on market for the moment but here we have the context.
Should we expect a spring ? No, I don't think so, volumes decrease during all the reaccumulation, furthermore creek have been already jumped. So I will more expect a retest of the creek support. With a signal in it, it should be a nice entry spot, but if you prefer wait for a spring and doesn't happen, don't jump in market desperately. You will have to wait signal on the last point of support after SOS like I will do if we don't have signal around the creek support. It's always frustrating to buy the top of the range but it's always better to enter in a strategy pattern than on emotional reaction.
What should we target if plans happens ? First target should be the top of the monthly channel with profit taking. Before that always secure your losses to breakeven. If you enter around creek support or on a spring, it's important to be breakeven at the moment you see the SOS appears (it's not fool to take profit on it too). Market can always reject the price and go down again to the support or even worse go for a more deep consolidation. After that, if we reach the top of the channel : if you see short signals on it, close your position ; if we break it, just let run your profits to higher targets.
Macro economically we have a good setup to see the materials sector growth, we are in an up trend on every higher timeframe, we have continuation pattern, stars are aligned to see nice move in this way.
Like I say frequently : "Making money in trading is math and respect of strategy, so never let your emotions guide you in uncomfortable positions" . Here we have probabilities and strategy so don't let your emotions guide you and follow your plans.
PS : Apologize for my english, I do my best. I wish you all success you need for 2022, on every side !
Copper 200 DMA - bis repetitaSince the last post in November, Copper went sidelines despite some false upward and downward breaks.
The resilient support of the 200 DMA is however outstanding.
Let's see if this time will be "the one".
Tic, toc, tic, toc,....
Leading Indicators not bullish, slow deterioration observedReviewinig the Leading Inidcator Weekly panel...
The JNK has a Sell signal, retraced and may break down to a lower low target, as previously expected. Not yet happening, but with a lower high, the bias is closer to the downside.
The IWM (Russell 2000 ETF) also has a Sell signal and lower high. Waiting for a lower low confirmation with a break of support.
The DJT is also similar.
The Value Line failed to close the recent gap, suggesting downside bias.
The TIPS clearly broke down through two support levels with a system Sell signal. So this one committed.
All the above have MACD technically bearish bias.
The TLT is oddly breaking down too. No comments about this at this point of time. Just unusual.
The VIX is also unusually complacent, being <20. Technically seeing a possible spike some time in the next two weeks or so.
I just added the Copper futures in the panel... according to Russell Napier, Copper futures is also one of the leading indicators we can use. For now, it is ranging and not committed to any trend.
I hope we get some committed trend soon!
Stay safe!
Trading In The Copper TriangleIn this update we review the recent price action in Copper and identify a high probability trading pattern to take advantage of
double top on copperhere folks we have a double top on copper and when looking at the DXY weakness this makes sense with the little push we are getting though this is seemingly weak compared to the magnitude of the DXY move.
This leads me to believe that we'll see a reversal on DXY soon or we just invalidate this weekly double top and push higher
Copper Commodity IndiaSun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
Focus: Worldwide
By Sun Storm Investment Research & NexGen Wealth Management Service
A Profit & Solutions Strategy & Research
Trading | Investment | Stocks | ETF | Mutual Funds | Crypto | Bonds | Options | Dividend | Futures |
USA | Canada | UK | Germany | France | Italy | Rest of Europe | Mexico | India
Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision.
#debadipb #profitsolutions
Copper Futures Reversal TradeIt has reached the lower trendline and looks to reverse by taking support. Going Long would be a good idea. Target is placed Near Resistance, Stop Loss is placed below trendlines, support zones and 200 EMA.
HG ( COPPER ) MAKING A TRIANGLEHG ( COPPER ) making a triangle on a Primary degree 4th. We are on a D wave of the triangle. Most probably we finish A wave of D wave as a preferred count (Projected by the black line) and we are coming down to making a B wave. On another side of the analysis as an alternative (projected by the red line)we are on an A wave and we are going upside a little bit and we finish the A wave then we will come for a B wave. Copper take more time to finish the triangle and after that, we can see a new high on an HG for primary degree 5th.
DISCLOSURE - Please be informed that the information I provide is not a trading recommendation or investment advice. All of my work is for educational purposes only. All labeling and wave count have been done by me manually and I will keep changing according to the LIVE MARKET PRICE ACTION. So don't bias, hope on my trade plans. Try to learn Elliott Wave or other strategies and make your own strategy. Following is not that much easy. I am not responsible for any losses if u took the trade according to my trade plans.
#HG #COPPER
Short and Rebuy A good alternative to possibly introducing a Hsort position. Copper should then ricochet off a circulated resistor, which can then be bought. Copper should also receive a price increase due to the recurring inflation.
Short and Rebuy A good alternative to possibly introducing a Hsort position. Copper should then ricochet off a circulated resistor, which can then be bought. Copper should also receive a price increase due to the recurring inflation.
Copper Commodity USA Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
Focus: Worldwide
By Sun Storm Investment Research & NexGen Wealth Management Service
A Profit & Solutions Strategy & Research
Trading | Investment | Stocks | ETF | Mutual Funds | Crypto | Bonds | Options | Dividend | Futures |
USA | Canada | UK | Germany | France | Italy | Rest of Europe | Mexico | India
Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision.
#debadipb #profitsolutions
Call The CopperDeflationary drop incoming
Action - Reaction chart
Trade at your own risk
G.R.I. Dec'21
Not financial advice
