Major Indexes in Europe and the US came under pressure as traders went risk off. New banking concerns for the US weighed on the action along with worse than expected economic data. Traders will be focused now on the FOMC rate statement to see what the Fed has to say about inflation. Expectations are that the Fed will raise rates 0.25% and potentially signal one...
In my opinion, copper will move like this for the coming months and years until 2026
On this 1D chart we see Gold (XAUUSD) against Silver (XAGUSD) and Copper (HG1!) displayed by the orange, blue and black trend-lines respectively. There is a lot of worrying lately with Gold's pull-back since the mid-April High. Even though Gold and Silver have made Higher Highs, Copper has been declining since since its late January High. On this chart we see...
Major Indexes in the US and Europe moved lower as concerns about the banking sector and contagion (seeing more regional banks come under fire) reared its ugly head again. First Republic Bank dumped 30% after reporting a 40% drop in deposits which pushed the broader market lower while Tech found support after some good earnings beats brought in the bargain hunters....
Major Indexes in the US moved lower led by the Nasdaq while Europe is expected to play catchup when they open for the coming session and open weaker. Sentiment turned sour after some key companies either missed the mark on earnings or guided down while economic data came in weaker than expected triggering recession concerns again. The action was 'risk off' which...
Double top in copper targets below the 200dma at 3.70, break of channel will assist.
Major Indexes edged higher Friday into the weekend with both Europe and the US posting minor gains. The US had economic data out that came in stronger than expected and sent US Bond Yields higher to add further fuel to the interest rate rise narrative. Share market traders have been in a holding pattern awaiting a big week of earnings this week in the US as some...
Major Indexes were generally flat to lower both in Europe and the US as traders digest the UK CPI print and what may be in store for US inflation. The UK saw core CPI out at 6.2% vs 6.0% expected which is unchanged from the previous release. The BOE will not be happy with the figure as inflation remains high and they will need to raise rates further. This sets up...
Buy: 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...
Major Indexes were relatively flat overnight as traders digest US earnings and the continued rally into Bond yields. Inflation remains the main focus along with Company Guidance over the coming weeks. The USD continued the move up which pressured commodities and USD denominated currencies. For now, traders are happy to remain risk on into shares although they are...
See Chart For Analysis. HTF Daily Supply: -Price reqcting off of daily supply -Trend = up/sideways -Looking for shorts but wait for ocnfirmation shorts on LTF. LTF 1hr Timeframe: -Price broke upward trend line -Price removed opposing pivot demand -RBD created -Price continued to make new LH/LL so sellign in those areas of supply with new 1min supply is also valid.
In this update we review the recent price action in the #Copper futures contract and identify the next high probability trading opportunity and price objectives to target
Since 2003, the copper price has been outperforming other industrial metals such as zinc, lead, nickel and aluminium.
They are literally printing money. Don't be surprised to see new all time highs in the next year
Major Indexes were either range bound or weakened in Europe and the US. The DAX drifted lower from the open and the FTSE gave up most of the earlier gains into the close while the DOW ended slightly higher and the Nasdaq added to the previous sessions losses to end lower. Traders will be risk adverse coming into Easter and add to that the US employment data which...
Hi there. Price is moving impulsively to the upside. Wait for the price to form a continuation pattern and watch strong price action for buy.
Major Indexes moved lower as banking concerns weighed on the US along with fears of an economic slowdown. Employment data out in the US disappointed and pointed to a slowing jobs market which sets up for an interesting Payrolls release Friday. The USD took a hit, which supported Gold, as traders start thinking of a recession. Being the end of quarter, we may see a...