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COPPER1! trade ideas

COPPER: 4month Support on the 1D MA200. Bullish.Copper is trading inside a Channel Down pattern that is approaching the bottom of a Rising Megaphone pattern. The price is almost neutral (RSI = 44.491, MACD = -0.036, ADX = 22.406), stuck between the 1D MA50 and 1D MA200. As the RSI is on the S1 Zone as well, the conditions for a longterm buy are pilling up. First we target the Channel Down top (TP = 4.1000) and if we get a daily closing over it, continue buying to R1 (TP = 4.3500). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
COMEX:HG1!Long
by InvestingScope
9
copper longBuy: 4.730 or lower Stop: 4.550 Notes: maybe copper will catch up to other metals The model: The Ingenuity Trading Model is a Geometric Markov Model with specific inputs related to Price, Time, Volume , and Volatility. The model attempts to predict local minimums and maximums in price on a daily and weekly basis. A fancy way of saying a trading system that detects specific patterns in price, time, volume, and volatility and indicates whether to buy or sell. On winning trades after 1 day take at least ⅓ of the position off and move stop to breakeven
COMEX:HG1!Long
by IngenuityTrading
Copper Futures March April Challange Hello my friends! How is going your trading week? I hope that is doing well, anyways lets talk about this operation! Bulish: Here we are waiting in the bullish way for a retest on TL that was recently broken, and from there we gonna wait for the retest then a break on the most recent high and the we gonna see if the price gonna reach the closest resistance (DR). Bearish: Here for the bearish term we gonna wait for the price going back to his last channel and then get in bearish for a channel strategy of selling high and then buying low.
COMEX:HG1!
by CherPetitPrince
1
Key Levels and US Market Review for the Asian session open 7/03A review of the price action from the European session and the US session. DAX managed to hold onto recent gains while the FTSE edged lower. The US managed to open stronger and push higher but it was not long until we saw some profit taking and prices edged lower into the close. Traders continue to focus on the global economy versus sticky/high inflation and at this stage data is pointing to a resilient US economy absorbing those higher prices due to inflation. There is no fear driven selloff which shows that bargain hunters still believe in a longer term move up thanks to resilient economies so I continue to expect major swings in momentum up and down. I remain of the view that sticky inflation is the big issue and will weigh on share markets if the Fed, and other major central banks, can not get it under control. I look at some key levels to watch and the price action setups I expect to see play out. Markets covered :- DOW Nasdaq DAX FTSE ASX200 Hang Seng USD Index Gold Oil Copper
COMEX:HG1!
by TradeTheStructure
Buying Copper at 50% retracement.XCUUSD - Intraday - We look to Buy at 4.074 (stop at 4.034) The 50% Fibonacci retracement is located at 4.087 from 4.237 to 3.937. Prices have reacted from 3.936. Daily signals are mildly bullish. Short term momentum is bullish. A lower correction is expected. Our profit targets will be 4.174 and 4.194 Resistance: 4.130 / 4.150 / 4.175 Support: 4.100 / 4.070 / 4.050 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.
COMEX:HG1!Long
by VantageMarkets
Copper Futures ( HG1! ), H4 Potential for Bearish DropTitle: Copper Futures ( HG1! ), H4 Potential for Bearish Drop Type: Bearish Drop Resistance: 4.1130 Pivot: 4.0145 Support: 3.8945 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. Expecting price to drop from the pivot at 4.0145 where the overlap resistance and 23.6% Fibonacci line is before continue heading down towards the support at 3.8945, where the overlap support is. It's worth noting that there is an intermediate support at 3.9245, where price might struggle to break through Alternative scenario: Price could head up towards the resistance at 4.1130, where the overlap resistance and 61.8% Fibonacci line is. Fundamentals: There are no major news.
COMEX:HG1!
by Tickmill
Copper Futures ( HG1! ), H4 Potential for Bearish DropTitle: Copper Futures ( HG1! ), H4 Potential for Bearish Drop Type: Bearish Drop Resistance: 4.1130 Pivot: 4.0145 Support: 3.8945 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. Expecting price to drop from the pivot at 4.0145 where the overlap resistance and 23.6% Fibonacci line is before continue heading down towards the support at 3.8945, where the overlap support is. It's worth noting that there is an intermediate support at 3.9245, where price might struggle to break through Alternative scenario: Price could head up towards the resistance at 4.1130, where the overlap resistance and 61.8% Fibonacci line is. Fundamentals: There are no major news.
COMEX:HG1!Short
by Genesiv
Copper Analysis and Forecast (SELL)A technical analysis of a trendline breakout and subsequent retest indicates that a short position on HG futures could be a favorable option at present. Copper prices dropped to their lowest point in almost seven weeks on Friday, due to a stronger dollar and weakened demand in top consumer China. The rising value of the dollar made metals more expensive for buyers using other currencies, as robust US economic data and high inflation figures raised expectations of extended higher US interest rates. The tepid demand for copper in China's top consumer market and the possibility of increased US interest rates have both contributed to the fall in copper prices, although global supply disruptions have helped limit the decline. As of 0817 GMT, the three-month copper on the London Metal Exchange (HG1!) fell by 0.4% to $8,863.50 a tonne, and the most actively traded April copper contract on the Shanghai Futures Exchange (HG1!) closed 0.9% lower at 69,610 yuan ($10,027.66) per tone. demand in China post-Lunar New Year holiday hasn't bounced back as much as some had hoped, indicating weakened support from the demand side. Moreover, the Yangshan copper premium (SMM-CUYP-CN), which reflects the demand for imported copper in China, is down 85% from October last year, standing at $22.50 per tone on Thursday. Considering the technical analysis of trendline breakout and retest, a short position on HG futures could be a good trading opportunity for investors.
COMEX:HG1!Short
by ProTradeSignals
1