Copper on weak chinaand weak america.
looks like a double top m shape to me. time will tell, not that im trading this, but its moves give interesting perspective into the economy.
LUC1! trade ideas
HG1! Is Bullish! Long!
Please, check our technical outlook for HG1!.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 3.729.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 3.771 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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HG1! Massive Long! BUY!
My dear subscribers ,
I analysed this chart on HG1!, and concluded the following:
The instrument tests an important psychological level 3.7005
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Goal - 3.7740
My Stop Loss - 3.6580
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
Copper: the irreplaceable raw material for renewable energyCopper is one of the few elements that has been used by humans for over 10,000 years. Archaeological evidence suggests that copper was first discovered and utilised by ancient civilisations as early as 9000 BCE1. Its malleability, durability, and excellent conductivity made it highly prized for tools, weapons, and decorative objects. Copper's rich history as a valuable and versatile metal showcases its enduring significance and timeless appeal.
Today, copper’s importance in the global economy continues to rise, especially given the boom in renewable energy. Copper is an excellent conductor of electricity, making it an ideal material for renewable energy systems. Its high electrical conductivity allows for efficient energy transfer, minimising power losses during transmission and distribution. Moreover, copper's unparalleled malleability and ductility, which refer to its ability to be easily shaped and stretched without breaking, make it incredibly challenging to substitute with other materials.
High intensity in wind and solar
Today, wind and solar are among the most mainstream forms of renewable energy. The figure below shows how much more copper is required when generating power from offshore wind (wind turbines in the seas), onshore wind (wind turbines on land), and solar photovoltaic (PV) compared to fossil fuels like coal and natural gas.
Copper is extensively used in wind turbines. It is employed in generator coils, transformers, and electrical cables. The strong magnetic properties of copper enable efficient power generation and ensure reliable performance in wind turbine systems. Copper is also a crucial element in solar panels. It is used in the wiring, busbars2, and connectors within the panels. Copper's excellent electrical conductivity facilitates the efficient conversion of sunlight into electricity and supports the overall performance of solar energy systems.
For the power generated from renewables to ultimately be deployed effectively, electrical grid infrastructure and energy storage are also needed. Copper, once again, is integral in building both. In energy storage systems, which complement renewables by storing energy for days when the wind isn’t blowing or the sun isn’t shining, copper is used in batteries and supercapacitors3. It is utilised in the conductive components, such as electrodes and current collectors, enhancing the efficiency and durability of energy storage devices. In electrical grid infrastructure, copper is extensively used in power cables, transformers, and distribution systems, ensuring the reliable transmission of electricity from renewable sources to end consumers.
Doing it sustainably
Copper is deemed to have infinite recyclability. This means that the metal does not lose any of its properties and can be used again and again. Recycled copper requires 85% less energy than primary production4. This highlights the huge environmental benefit of recycling the commodity.
Today, roughly a third of total copper production comes from recycling. This means that, as we scale up renewable energy, we must also bolster the recycling industry. Copper’s infinite recyclability will make that a fruitful endeavour.
The irreplaceable metal
In conclusion, copper stands as an irreplaceable raw material for renewable energy. Its exceptional electrical conductivity, second only to silver, positions copper as the ideal choice for efficient energy transfer in wind turbines, solar panels, energy storage systems, and electrical grid infrastructure. As the world embraces renewable energy on a larger scale, the demand for copper will continue to grow. And given its infinite recyclability, if the world deploys its resources appropriately, this growth can be sustainable.
Sources
1 Copper Development Association.
2 A busbar is a rigid conductor used for connecting several circuits.
3 Supercapacitor is an electronic device that store large amount of electric charge.
4 Copper Alliance.
COPPER: Best sell signal on a 1 month basis.Copper hit the top of the Channel Down pattern that started in mid January and got rejected straight away. The 1D time frame already turned neutral (RSI = 51.361, MACD = 0.023, ADX = 28.747) and if the price crosses under the 1D MA50 and MA200, it will give a confirmed sell continuation signal.
First target is the S1 (TP1 = 3.5525) and second near the S2 (TP2 = 3.3750). A 1D RSI Double Bottom inside its S1 support, will be the first buy signal.
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Copper remains positive.XCUUSD - 24h expiry - We look to Buy at 3.851 (stop at 3.811)
Our short term bias remains positive.
The sequence for trading is higher highs and lows.
A lower correction is expected.
We look to buy dips.
50 4hour EMA is at 3.846.
Our profit targets will be 3.951 and 3.971
Resistance: 3.900 / 3.914 / 3.930
Support: 3.875 / 3.860 / 3.835
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). 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 Signal Centre.
HG1! The Target Is DOWN! SELL!
My dear followers ,
I analysed this chart on HG1!, and concluded the following:
The asset is approaching an important pivot point 3.8850
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Target - 3.8115
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
Get to the copper! 🐻🚁The industrial metals market often goes unnoticed by many traders, although some excellent trading opportunities are often to be found here. And with that, we say, "Get to the copper!" For things should get moving here quite soon. The completion of wave (ii) in magenta should be imminent here, the copper price should therefore initiate a bearish trend reversal in our target zone (highlighted in blue) and then indulge in extended sell-offs. Thus, depositing short positions between $3.89 and 3.96 should present an excellent opportunity to profit from the lift-off of the bearish chopper - which is, of course, headed south. We anticipate a significant sell-off before wave (iii) in magenta will at some later point be completed, at which point the bulls are expected to report back.
Looking for down on COPPER FridayI'm looking for copper to retract at least part of Thursday's upmove for the following reasons:
1. DXY (Dollar Index) delivered an inefficiency yesterday and looks to be turning higher to go redeliver some 1hr - 4hr inefficiencies higher.
2. Copper delivered a weekly inefficiency yesterday and traded above previous day's high in the Asian session, which is a liquidity signature.
3. Now, Copper just broke the low that took us to the high above PDH, so I'm looking for a downmove on copper.
ICT
Copper (HG) Low Likely in Place with 5 Waves RallyShort Term Elliott Wave in Copper (HG) suggests the metal ended wave ((2)) pullback at 3.54. The metal has turned higher in wave ((3)). Rally from wave ((2)) low is unfolding as a 5 waves impulse Elliott Wave structure. Up from wave ((2)), wave (i) ended at 3.618 and pullback in wave (ii) ended at 3.578. The metal extends higher in wave (iii) towards 3.694 and pullback in wave (iv) ended at 3.667. Copper then extends higher again in wave (v) towards 3.711 which completes wave ((i)).
The metal then corrected in wave ((ii)) towards 3.622 with internal subdivision as a zigzag. Down from wave ((i)), wave (a) ended at 3.627, wave (b) ended at 3.694, and wave (c) lower ended at 3.622. This completed wave ((ii)) in higher degree. The metal then extends higher in wave ((iii)). Up from wave ((ii)), wave (i) ended at 3.656 and pullback in wave (ii) ended at 3.624. The metal rallies higher in wave (iii) towards 3.7315 and pullback in wave (iv) ended at 3.676. The metal extends higher again in wave (v) towards 3.789 which completed wave ((iii)). Pullback in wave ((iv)) ended at 3.686. Wave ((v)) higher unfolded as a diagonal and ended at 3.833. This completed wave 1 in higher degree. Wave 2 pullback is in progress now as a zigzag structure. Down from wave 1, wave ((a)) ended at 3.735. While rally in wave ((b)) fails below 3.833, expect the metal to turn lower in wave ((c)) to complete wave 2. As far as pivot at 3.54 low stays intact, expect pullback to find support in 3, 7, or 11 swing for further upside.
Mysterious Copperfor every 1 year of growth 1 year of correction phase exists
for the previous 2 years of growth there may lie 4 years of correction phase.
COPPER Long court terme.Le COPPER pourrait rebondir à court terme sur une oblique haussière, appuyé par le RSI.
Copper Poised to dropCopper pumped in the AM session, took an initial drop going into NY lunch, and now coming into the PM session we're looking for another down leg in copper.
Plus DXY is looking like it's ready to purge out trailers.
COPPER FUTURES Chart Fibonacci Analysis 060523 Trading idea - Entry point > 3.64/61.80%
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 3.64/61.80%
Chart time frame : C
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress : A
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) Hit the bottom
D) Hit the top
Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern.
When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point.
As a great help, tradingview provide these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved.
If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks.
If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
#HG #Copper H4 The Set Up For A 4.0000 TestIn this update we review the recent price action in Copper and identify the next high probability trading opportunity and price objectives to target
HG1! One word - CLEAN!COMEX:HG1! One word - CLEAN!
What a beautiful chart for copper! Technically it's ever so clean, when it comes to set ups like this - Be careful of fake breaks.
Pattern - Triangle/Pennant
Highs: 4.2100
Lows: 3.8255
A break of highs I expect: 4.3550 & 4.5570. However, a break of the lows I expect: 3.6740 & 3.5040 and perhaps lower!
Currently, as long as we within this channel and within these ranges... until break either side!
Have a great week ahead & it's a long weekend for some of us!
🔆 Trade Journal 🔆
Copper SHORT Copper short @ 4.115, SL 4.235... Target 3.740 - 3.570... Now trading major supply zone also trading channel edge. If fails to sustain above 4.175 wll start downside move...
Copper Testing Support!Copper is testing major support going back to the lows from July of 2022. Can we hold here and get a nice bounce or will we see a breakdown?
Copper 1997Copper looking dangerously close to 1997.
ARE WE BACK
IN 1997?
stay clear until this is closed above
huge volume defined base (support)
#copper #nasdaq #recession #spx #gold #silver
Copper: Like a Lead Weight ⚖️No worries – we didn’t confuse our metals! However, like a lead weight, copper should continue to sink further, heading for the green zone between $3.08 and $2.59 in the south. Already the price has broken free from the recent sidewards movement and has developed a new low, showing more and more downwards momentum. Once copper has arrived in the green zone, it should complete wave 2 in green, marking a distinctive low, which should then introduce a strong upwards movement.
Key Levels and US Market Review for the Asian session open 22/05Major indexes in the US were weaker as Debt ceiling concern weighs on bulls. European markets ended the week in the green while Asian markets were mixed. Traders will be closely watching news for some sort of agreement on the US debt ceiling once Congress finishes playing politics. For now, I expect a tentative Asian market open and for major risk to remain on the sidelines.
Expecting tentative open on Asian markets with the ASX200 and Hang Seng expected to open flat while the Nikkei to open slightly lower.
Debt ceiling talks and coming economic data will remain the major focus as traders look to anticipate the end to interest rate rises. I expect that the debt ceiling will be raised once again as if they do not, volatility will spike hard and investors will drive Indexes lower.
Some KEY ACTIONABLE LEVELS into the Asian market session. Review of the European and US sessions and what that will mean to the price action in the near term along with key levels to watch.
Markets covered :-
DOW
Nasdaq
DAX
FTSE
ASX200
Hang Seng
USD Index
Gold
Oil
Copper
Copper H4 Trading The CorrectionIn this update we review the recent price action in the #Copper futures contract and identify the next high probability trading opportunity and price objective to target
Will Copper find sellers at previous support?XCUUSD - 24he expiry - We look to Sell at 3.828 (stop at 3.868)
Our bespoke support of 3.820 has been clearly broken.
Our short term bias remains negative.
Previous support, now becomes resistance at 3.820.
Preferred trade is to sell into rallies.
We look for a temporary move higher. A lower correction is expected.
Our profit targets will be 3.728 and 3.708
Resistance: 3.744 / 3.770 / 3.820
Support: 3.700 / 3.671 / 3.640
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). 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 Signal Centre.
