CA1! trade ideas
Copper futures could drop like a rock to $1.94The retracement in wave (X) (orange) could be over as it reached 61.8% of wave (W).
It unfolds in a triple three WXYXZ (yellow).
Y and Z are greater than W, which is healthy.
The target is the previous valley of Jan 2016 at $1.94.
At this target point the wave (Y) will reach the distance of 1.272 of wave (W), which is Fibonacci ratio.
COPPER - Near the sensitive zoneHi guys
As we see in this chart, we are near the supply in control zone in weekly timeframe. Also we can see weakness in the uptrend behavior and the RSI Divergence is the key signal.
I think the situation for this Index is short At least in H4 timeframe.
Sincerely
Copper's momentum has changed.XCUUSD - Intraday - We look to Sell a break of 4.099 (stop at 4.139)
Our bespoke support of 4.130 has been clearly broken.
Offers ample risk/reward to sell at the market.
We look for losses to be extended today.
Short term bias has turned negative.
Our profit targets will be 3.999 and 3.979
Resistance: 4.130 / 4.160 / 4.185
Support: 4.075 / 4.030 / 3.990
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.
COPPER1!, Daily Potential for Bullish ContinuationTitle: COPPER1!, Daily Potential for Bullish Continuation
Type : Bullish Momentum
Resistance : 807.00
Pivot: 704.10
Support : 632.70
Preferred Case: On the H4, with price moving above the ichimoku cloud , we have a bullish bias that price may continue moving towards the resistance at 807.00, slightly below where the 78.6% Fibonacci line is.
Alternative scenario: Alternatively, price may head back down to retest the pivot at 704.10, where the 100% Fibonacci projection line is.
Fundamentals: no major news
Copper Is Simple (Bullish)Massive breakout on Copper
Wait for the pullback and green shade on the Jupu to buy
Copper to see a higher correction.XCUUSD - Intraday - We look to Sell a break of 4.128 (stop at 4.168)
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
A higher correction is expected.
A break of the recent low at 4.130 should result in a further move lower.
50 2hour EMA is at 4.129.
Bearish divergence is expected to cap gains.
Our profit targets will be 4.028 and 4.018
Resistance: 4.200 / 4.223 / 4.250
Support: 4.165 / 4.150 / 4.130
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! Potential for Bullish Continuation Looking at the H4 chart, my overall bias for HG1! is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. Looking for a pullback buy entry at 3.9335, where the 23.6% Fibonacci line is. Stop loss will be at 3.7085, where the recent low is. Take profit will be at 4.4555, where the 88% Fibonacci line is.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Copper (HG) Rallies in Nesting Impulse According to Elliott WaveCopper (HG) rally from 9.28.2022 low is unfolding as a nesting impulse Elliott Wave structure. A nest is a series of 1-2-((i))-((ii)) which is an extended version of an impulsive structure. Up from 9.28.2022 low, wave 1 ended at 3.96 and wave 2 pullback ended at 3.5410. Wave 3 is currently in progress with internal subdivision as another impulse in lesser degree. Up from wave 2, wave ((i)) ended at 3.929. The 1-hour chart below shows pullback in wave ((ii)) ended at 3.708. The metal has extended higher again in wave ((iii)).
Up from wave ((ii)), wave i ended at 3.865, and pullback in wave ii ended at 3.7985. The metal extends higher again in wave iii towards 3.988, pullback in wave iv ended at 3.932, and final leg wave v ended at 4.044 which completed wave (i). Pullback in wave (ii) then ended at 3.987. The metal extends higher again in wave (iii) towards 4.186 and pullback in wave (iv) ended at 4.129. Expect wave (v) higher to complete soon with a few more high and that should complete wave ((iii)) in higher degree. Afterwards, the metal should pullback in wave ((iv)) to correct cycle from 1.4.2023 low before it resumes higher. Near term, as far as pivot at 3.708 low stays intact, expect pullback to find support in 3, 7, or 11 swing for further upside.
COpper and other futuresCommodity traders are pumping everything, gold, oil, copper, cattle, hogs, everything I checked.
If they continue to do so, it will force the Fed to go .5% regardless of CPI. A Fed member speaks every day next week, at least one of them will probably say something.
Not as bullish as I was earlier today. Besides, CPI of 6.5% is still above 2% target.
They can't undo QE because they're under water on all of their MBS, so they're slowly letting them expire. I think interest rates will have to remain high until their balance sheet goes down. Take a look at this chart (and now you know why I keep calling Powell stupid):
www.federalreserve.gov
Copper rally to be capped.XCUUSD - Intraday - We look to Sell at 4.185 (stop at 4.230)
With signals for sentiment at overbought extremes, the rally could not be extended.
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
We look for a temporary move higher.
Our profit targets will be 4.075 and 4.055
Resistance: 4.160 / 4.187 / 4.250
Support: 4.150 / 4.080 / 4.030
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.
Fibonacci Retracement on CopperCOMEX:HG1!
Fibonacci Retracement applied on daily timeframe of COMEX:HG1! suggests that it will rally towards 4.47 after crossing 4.16 as strong candlesticks are being made.
Copper Cruising Higher!Copper was in a significant downtrend since the March 7th highs, bottoming out in July and has been trending higher from there. The precious metals have been trending higher with the dollar coming off its highs, and with this recent push higher, Copper has entered overbought territory. Going back to October of 2021, when the RSI for Copper is at or above 70, there has been an immediate decline in the price. This is not an exact science, but the market might look to take a breath and back test previous trendline resistance now acting as support.
XCUUSD ( COPPER / USD ) Commodities Analysis 10/01/2023Fundamental Analysis:
china is the biggest copper consumer and as of now we can see the most of its manufacturing plants and factories are getting shut due to Protests and ongoing havoc in the country.
DXY is very bullish which can go up to 130 and ultimately will result in the more price fall in the commodity sections.
World economic Crisis and Supply chain Disturbance which will lead to the Manufacturing Halt.
Technical Analysis:
Bearish Divergence of Price and MACD,
Hidden Bearish Divergence Formation in the process which is a very strong Bearish Trend continuation sign.
Nest Resistance and Potential Pivot Point 9500$
lower Support at 8450%
Bearish Targets: 5800$, 5250$, 4300$
#DR copper broken solid resistance and back above 200dmaHard to be bearish on global markets when probably the biggest proxy for growth is showing really strong technical action. Dr Copper has broken out its triangle which has kept price action constrained and under the 200dma for the better part of 2 months. It has now also broken above the 200day moving average with higher targets in play
Copper FuturesCopper Futures: Trading at a key Level. Trading at prior demand which may turn to supply.
For more research insights, including trade ideas, get in touch today.
HG1! Potential For Bullish ContinuationLooking at the H4 chart, my overall bias for HG1! is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Looking for a pullback buy entry at 3.9335, where the 23.6% Fibonacci line is. Stop loss will be at 3.7085, where the recent low is. Take profit will be at 4.4555, where the 88% Fibonacci line is.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
MCX COPPER : VIEW SELL MCX:COPPER1!
RATIONALE : COPPER JAN : As per Technical chart, considering resistance price range of 750-755 level .Hence we may see some profit booking or bull move to be slow, it may expected to move towards 744 -740 price level
HG1! Potential For Bullish ContinuationLooking at the H4 chart, my overall bias for HG1! is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Looking for a pullback buy entry at 3.9280, where the 23.6% Fibonacci line is. Stop loss will be at 3.7085, where the recent swing low is. Take profit will be at 4.2575, where the 78.6% Fibonacci line is.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Copper going for itLooks like it could make a run here above this level and a breakout from the ascending triangle.
Copper Futures (HG1!), H4 Potential for Bearish DropTitle: Copper Futures (HG1!), H4 Potential for Bearish Drop
Type: Bearish Drop
Resistance: 3.9600
Pivot: 3.6885
Support: 3.5545
Preferred case: Looking at the H4 chart, my overall bias for HG1! is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. If this bearish momentum continues, expect price to head back down towards the pivot at 3.6885 where the 61.8% Fibonacci line is.
Alternative scenario: Price may possibly head towards the resistance at 3.9600, where the previous swing high is.
Fundamentals: There are no major news.
Copper Futures (HG1!), H4 Potential for Bearish DropTitle: Copper Futures (HG1!), H4 Potential for Bearish Drop
Type: Bearish Drop
Resistance: 3.9600
Pivot: 3.6885
Support: 3.5545
Preferred case: Looking at the H4 chart, my overall bias for HG1! is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. If this bearish momentum continues, expect price to head back down towards the pivot at 3.6885 where the 61.8% Fibonacci line is.
Alternative scenario: Price may possibly head towards the resistance at 3.9600, where the previous swing high is.
Fundamentals: There are no major news.
