Copper technical analysis I will follow the trend during the next days to see which way it will break the triangle. My overall sentiment is bullishLongby FilipVictor1
Copper Hourly. Looks like down continuation.Copper. Might be dropping in near future. Downtrend looks formed.Shortby emehoke0
Asia Malaise - HG1! Shorti am expecting further weekness in copper notations due to further downward-adaptions of growth expectations related to covid-reopening-demand for the upcoming few weeks. long term expectations of commodity demand remain solid. but in the shorter term i suspect downward risks to be bigger than upside potential.Shortby beatingdowjonesUpdated 1
There is nothing to see hereThe prices of house construction materials in particular is tearing up the fabric of the universe, while the USA are taking in more migrants than ever, not sure how they plan to house them. Tents? Cages? Camps? The forest? In people's backyards? The prices of materials used for building cars & electronics is also going up, will it go back down? If these prices stay up then the end product prices will go up, some already have. And also the price of grains has gone up, which will end up having an effect on burgers (wheat => bread, soybeans => meat) and this, mainstreet will notice very rapidly (we all need to eat everyday), prob they demand more social programs, more stimulus checks... And so you get this cycle of euphoria where the public celebrates their "free" money. I don't get it. In real time strategy games the economy is real stuff down to earth: Gold, Wood, Oil, Iron, Food, Stone. You get all these ressources and that is your economy. It makes sense, it is not hard to understand. What matters in your economy is the real ressources that are needed for living and building, as well as selling them if you produce enough. And then you also have gold which purpose is to faciliate exchanges inside your nation, to trade with other nations, as well as hire soldiers which can then use it to buy the ressources they need (wood & stone to build a house). It's a tool. If we run out of wood, stone, or food IN A VIDEO GAME no one will argue that there is more hidden in a parallel universe that "the rich" can access via a magical portal. But in this declining civilization there is no "real stuff" in the real world, the public and decorated economists (it's like a reward for being stupid) think the economy is some abstract number and we can always increase the number with magical fiat. Chavez supporters were euphoric back then. Let me tell you they're not laughing now. Some numbers if this interests you: www.census.gov In particular: Exhibit 6- U.S. Trade in Goods by Principal End-Use Category Will the US follow New Zealand recent policies to try and magically fix the housing crisis? If you make it less lucrative to build a house, then plenty of houses will pop out of the ground and everyone will have a home, right? Don't get me wrong, landlords are technically parasites. Especially those that just got lucky and bought, or worse inherited, some property decades ago. But if you punish people for building houses... I don't know... Maybe that's not the right way to handle the issue? Just maybe? Actually the largest China import is Oil (1/4) from the Middle East & Russia, electronics from Japan SKR & Taïwan, also Germany is quite big, probably cars or something. Does not mean Africa is not the final sucker holding the bag as other countries spend those usd. oec.world Angola exports over 3 times what they import. Baggy. Lmao the Current Account Balances values. China is number 3 with 165 billion. Guess who are number 2 and 1? Japan nb 2 with 195 billion, over capitalized country, they just buy Bitcoins and start building casinos now even. And then you can easilly guess who is number 1. An industrial power. A machine. They make the best cars. 297. Meanwhile the US are in the whole, they are number all right, number 1 from the bottom that is, their account is at -466 billion. They are the brokest of broke, their production is down and about to get worse, prices go up, imports will slow (what fool will send them free stuff?), they are already in the whole and the depression/hyperinflation crisis has not even started, usually this situation is what is seen at the bottom. It's going to go from bad to worse. Mathematically it is worse than Greece, Greece also has a bit of a border crisis with Turkey and the refugees that want to go to Germany but that too is worse for the US. Michael Burry warned, and know what happened? The SEC paid him a visit and blamed him for "spreading panic". They are pressuring him into silence. Can you spell DENIAL? I'm giving this circus less than 10 years until "this was not real socialism". by MrRenev779
Copper waiting to cool down before another rideAnalysis: Copper is still in a strong uptrend, the industrial demand for it is in all time highs since its one of the most used commodity used by the electronics industry. Right now its price went into some overbought territory in my point of view, and I am waiting for some sideways movement before another ride to the upside. Longby tmsarn1
COPPER - DUE FOR A MAJOR CORRECTION?Looks like copper finally reached the top of the 5 wave impulse. We also saw an extended 5th subwave as the very last wave in the 5th wave which is typical in the commodity market. Also RSI didn't create a divergence but that is because of the extended 5th wave. We should see copper come down atleast 25-30% of it's value as a correction from the huge run it made that started early 2020. This isn't a "crash", this is just a healthy pullback before the next wave up in the future. I'm not planning on shorting it, but I did take profits on my long positions. I will look to re enter when it is done correcting. Shortby CathartesCapitalUpdated 1
Copper vs Kitchin cycle Copper seems to be in a topping area... Copyright: Wikipedia Kitchin cycle is a short business cycle of about 40 months discovered in the 1920s by Joseph Kitchin. This cycle is believed to be accounted for by time lags in information movements affecting the decision making of commercial firms. Firms react to the improvement of commercial situation through the increase in output through the full employment of the extant fixed capital assets. As a result, within a certain period of time (ranging between a few months and two years) the market gets ‘flooded’ with commodities whose quantity becomes gradually excessive. The demand declines, prices drop, the produced commodities get accumulated in inventories, which informs entrepreneurs of the necessity to reduce output. However, this process takes some time. It takes some time for the information that supply significantly exceeds demand to get to the business people. As it takes entrepreneurs time to check this information and to make the decision to reduce production, time is also necessary to materialize this decision (these are the time lags that generate the Kitchin cycles). Another relevant time lag is the lag between the decision (causing the capital assets to work well below the level of their full employment) and the decrease of the excessive amounts of commodities accumulated in inventories. Yet, after this decrease takes place one can observe the conditions for a new phase of growth of demand, prices, output, etc. For example, the volume of oil production on tight oil formations in the US depends significantly on the dynamics of the WTI oil price. About six months after the price change, drilling activity changes, and with it the volume of production. These changes and their expectations are so significant that they themselves affect the price of oil and hence the volume of production in the future. These regularities are described in mathematical language by a differential extraction equation with a retarded argument.by TheMarketDog22
Copper Absolute analysis 02/02/2021we can see the copper in the monthly time frame that it has broken the triangle and is showing some bullish movement in the future we may face some small downtrend but on the general trend we can be more bullish on this commodity we have specified some levels of supply and demand where we can capitalize on this analysis can be very useful for the swing traders and long term positional traders Longby BitonGroupUpdated 442
View on Copper (16/3)LL after price hit resistance zone. Waiting for price to retrace higher before deciding to short it. entry - 4.22 Disclaimer: The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the trade. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. I am not responsible for any liabilities arising from the result of your market involvement or individual trade activityShortby imjmesl1
COPPER POSSIBLE TRIANGLE BREAKOUT TO THE UPSIDEEN: 4.1570 SL: 4.133 TP: 4.251 RRR 4 GL!Longby binary_trader660
Buying on pullbacks to POC on platinum and copperBuying on pullbacks to POC on platinum and copperLongby responsibletrad8r0
Copper bearish (March 9)Tight SL will be helpful. Less risk, more profit SL: 4.0090 TP: 3.9710 R/R: 1:2.04 This is for educational analysis, not for a direct trade signal. When you check the chart, please check the resistance line and heavy support line.Shortby UVS_FX_TradeUpdated 221
Copper vs Silver Ratio ChartWhen in a commodity bull market, a rotation occurs naturally between copper and silver. The ratio chart shows you which one should out perform. It's now silver's turn to shine bright!by Badcharts118
Copper Copper has respected the resistance zone and now have broken the trendline. If after retesting of the break point zone it shoes bearish signal can further come to the marked green zone. This is just for educational purpose. Shortby santoshojas0
Copper LONG daily and 8 hour coiling all time highs with in reach. stop under 4 Longby pigeon_toed_fool2
Copper bullish (March 8/Short term)Tight SL will be helpful. Less risk, more profit SL: 4.0940 TP1: 4.112 TP2: 4.119 R/R: 1:1 This is for educational analysis, not for a direct trade signal. When you check the chart, please check the resistance line and heavy support line.Longby UVS_FX_TradeUpdated 1
Copper bearish (March 7)Tight SL will be helpful. Less risk, more profit SL: 4.1130 TP: 4.0850 R/R: 1:2.26 This is for educational analysis, not for a direct trade signal. When you check the chart, please check the resistance line and heavy support line. Shortby UVS_FX_TradeUpdated 222