Copper Futures
Copper is rising towards a resistance level which is a pullback resistance and could potentially reverse from this level to our take profit. Entry: 5.1345 Why we like it: There is a pullback resistance level. Stop loss: 5.2178 Why we like it: There is a resistance level which lines up with the 127.2% Fibonacci retracement. Take profit: 4.9594 Why we like...
Pair : CU - Copper Description : Completed " 12345 " Impulsive Waves Break of Structure and Retracement RSI - Divergence Consolidation Phase in Short Time Frame Resistance Level
Detected 10-May (detailed commentary and full scan results available in the signature below). Not activated as at time of review of 10-May, however did activate on 15th/16th May. ASX:DEV represents a potential bullish opportunity should momentum continue and newer highs be made. Entry conditions: (i) higher share price above the day of the volume spike (10th...
• Key event risks for the week ahead. • Nvidia’s Q125 earnings, a key driver of equity markets this week. • Fed speakers could move markets – Powell, Waller, and Jefferson in the spotlight. • US equity markets at all-time highs – fatigued, but well-supported. • Copper, gold, platinum, and silver are all on fire. The key event risks for traders this week We...
This copper exploration play is in a GREAT position. Tight capital structure in great jurisdictions and with an awesome management team. It could explode any time now -- especially with copper spot reaching all-time highs. If you're bullish copper, look at this now before you miss the boat. They are also exploring for other mineral plays, such as gold. Above...
big resistance breakout and vertical meltup price made bottom in july 2022 since than it is up it is flying like there is no fear of recession it is flying like fed can have economic boom without inflation
I've been meaning to revisit NYSE:HG for a while now and finally have done so; there have been some very interesting visits to black swan territory on this chart and the short term targets after breaking out from another of those green channels could really be quite high (see 20y ago) Some very notable calls in recent years: SPREADEX:NIKKEI and TVC:DJI ...
Copper prices have rallied more than 20% this year as the market is tightening, moving above 4.800 for the first time in more than two years. Improving supply-demand dynamics can drive further gains, with the March 2022 record peak now in the spotlight (5.041). Concerns around output are high, as key miners expect lower production this year. At the same time,...
Monthly is winding up for a big drop or huge jump. Monthly: Weekly: Daily shows price winding up potentially the rest of the year. So I will look towards year end for the fireworks, that will decide if our pent up momentum will release upwards or downwards. My gut says inflation will send it upward in the near future.
Pair : CU COPPER Description : Bullish Channel as an Corrective Pattern in Long Time Frame RSI - Divergence Break of Structure Completed " 12345 " Impulsive Waves Symmetrical Triangle in Short Time Frame and Breakout of Upper Trend Line
Prices rally around 15% this month and break another threshold, hitting the highest levels in two years. The advance brings the record peak of 2022 in the spotlight (5.041) and given the improved supply-demand dynamics, that level looks within reach. There is optimism around increased need for the non-ferrous metal due to the green energy transition and the...
Copper prices have risen in recent days, supported by a number of positive factors. A weakening US dollar against other major currencies has made copper more attractive to foreign investors. In addition, the market received positive news from Chile, the world's largest copper producer. Chilean President Gabriel Boric predicted that output from state-owned miner...
Copper has been in an uptrend since february 2024. Price is currently outside Bollinger bands (50 period). Some of the reasons copper has been rising is near term demand and shortages, some articles pointing out to data center demand for copper for the AI boom. With Nvidia, intc, amd and other tech stocks showing weakness in last week, my opinion is that it...
Pair : CU - Copper Description : Completed " 1234 " Impulsive Waves Break of Structure Demand Zone Rejection from Ascending Trend Line Fibonacci Level - 50.00%
Copper (HG1!) has emphatically broken above the last Resistance of the 2-year Bear Cycle as it smashed through the top of the long-term Triangle pattern. The same pattern kept Copper on a Bear Cycle up until June 2020 when it started the remarkable rally to the 5.000 High (1.786 Fibonacci extension). As you can see on both fractals, the formation of a Death Cross...
Copper continues to rise in price. In addition to the fundamental factors, there is some sentiment from the options market that the quotes may rise further. Call 4,3 $ - 56 days before exp. The unusual interest in this level suggests that there's a positive sentiment among option traders.
Technicals Prices hit fifteen-month highs this week, extending the recent rally. Copper is on the verge of another breakout, eyeing the January 2023 highs (4.356), which could open the door for further gain towards 4.579. On the other hand, the Relative Strength Index (RSI) did not follow the price action and diverged lower on the H4 chart. This can lead to...
Intricate dance between gold and copper prices is a tale beyond mere metals. It reflects global economic sentiments, industrial demand, geopolitical angst, and investment trends. Gazing into the crystal ball to decipher the future of the gold to copper ratio, a fascinating narrative unfolds, particularly highlighting copper's brighter prospects. Copper is...