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Copper Financial FuturesCC

Copper Financial Futures

4.6664USDD
+0.0498+1.08%
USD
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HGS1! trade ideas

Copper Futures ( HG1!), H1 Potential for Bearish DipType : Bearish Dip Resistance : 4.7660 Pivot: 4.7370 Support : 4.6840 Preferred case: We see the potential for a bearish continuation from our pivot at 4.7370 in line with 78.6% Fibonacci retracement our 1st support at 4.6840 in line with 50% Fibonacci retracement and 78.6% Fibonacci projection. Alternative scenario: Alternatively, price may break our pivot structure and head for 1st resistance at 4.7660 in line with 61.8% Fibonacci projection and 138.2% Fibonacci extension. Fundamentals: No major news.
COMEX:HG1!Short
by Genesiv
One of the best spot of 2022 already here AND commodities updateFirst this idea is attached to another idea I've posted last year, you can find it attached to this one and it explain all the pattern we are working here: the Wyckoff Reaccumulation on Copper (HG1!). So you will find here, my entry, my plan for this trade and the update about the related idea. I will also do an update about the materials market, expectations and targets in form of a thread in comment so don't forget to follow the idea to see it. So first the update of the related idea. I said for the end of the Wyckoff reaccumulation pattern that I didn't expect a spring, and my poisition about it is always the same. It will be interesting to see if buying volumes continues to grow, but if it's the case it will be the confirmation of that statement. For the moment, I think we are targeting the resistance area and an SOS to see if we could expect the confirmation of the global pattern and so a bullish continuation. I also said that I will aim for an entry on the retest of the creek. Retest happened exactly on the January 6th for the bottom and I didn't find interesting setup to entry on it, so that why I waited a little to find a setup that could satisfied my interest: We can see on chart two channel, which have already both gave their target (a is the base support, b is the resistance, c is the target). What interest me here is the reaction on the pullback of (b) resistances of each one. Pullback on (2b) is a perfect V-Turn and pullback on (1b) is an accumulation (I would have preferred if it was an U-Turn but we have an akward double bottom in it). The structure in volume in this accumulation range is good, we have nice exhaust volume before, buying volumes are bigger than selling volumes (that what we want in a range and also when volumes are impacted by sessions to read them, typically on hourly timeframe) and to finish we have a nice breakout with buying volumes so the setup is completed. Now in term of plan, in a question of regularity in profitability, I'm looking for a ratio of 2:1 which bring us in the resistance area (which is good with our plan of Wyckoff pattern which expect an SOS around here). Exception here, because of the Wyckoff Reaccumulation pattern I don't expect a full target, but only around 40%, then 20% on the first SOS and to finish (if the SOS setup is convincing of course, else it will be out before) last 40% on the 1st objective of the Wyckoff pattern around $5.688 . It's really important to take multiple profit when you are on long term timeframe. The more you are on market the more there is risk to see change in patterns, in dynamic macroeconomic ... And so, less your probability of success is high. So take profit, fix targets/price and don't be afraid to take profit at the top, don't wait market to fall back. Else, secure your earnings, you can't lose money on winning trade! That why for my trades, I'm mostly breakeven at 1:1 ratio. Another time, I invite you to check the first idea I posted, attached to this one. Now I think we made the turn for copper, if you have questions be free to ask me in comments. I will now update the idea with other commodities perspectives. I will comment only those where I have identify patterns in my strategy with area to target for entry. I think metals assets will be one of the key of 2022, most of charts are well oriented to see bullish progression, macro-economically it is also oriented in that way.
CLong
by Kentg
Copper Futures ( HG1!), H1 Potential for Bullish BounceType : Bearish Dip Resistance :4.7220 Pivot: 4.6690 Support : 4.6145 Preferred case: We see the potential for a dip from our pivot at 4.6690 in line with 38.2% Fibonacci retracement and 78.6% Fibonacci projection towards our 1st support at 4.6145 in line with 78.6% Fibonacci projection and -27.2% Fibonacci expansion. Our bearish bias is supported by price trading below the Ichimoku cloud indicator. Alternative scenario: Alternatively, price may break our pivot structure and head for 1st resistance at 4.7220 in line with 61.8% Fibonacci retracement and 100% Fibonacci projection. Fundamentals: No major news.
CLong
by Genesiv
Copper Futures ( HG1!), H1 Potential for Bearish DipType : Bearish Dip Resistance :4.7220 Pivot: 4.6690 Support : 4.6145 Preferred case: We see the potential for a dip from our pivot at 4.6690 in line with 38.2% Fibonacci retracement and 78.6% Fibonacci projection towards our 1st support at 4.6145 in line with 78.6% Fibonacci projection and -27.2% Fibonacci expansion. Our bearish bias is supported by price trading below the Ichimoku cloud indicator. Alternative scenario: Alternatively, price may break our pivot structure and head for 1st resistance at 4.7220 in line with 61.8% Fibonacci retracement and 100% Fibonacci projection. Fundamentals: No major news.
CShort
by Genesiv
Leading indicators are BearishVery quickly before the market opens... The JNK ETF is heading further down for lower low -> Bearish for equities. The IWM ETF is likely to follow down continuing the candle -> Bearish for equities The DJT ETF broke support -> Bearish for equities The VALUG failed the resistance, with a bearish candle for more downside -> Bearish for equities The TIPS ETF gave up and gave way -> Bearish for equities The TLT ETF is looking for a non-existent bottom -> no flight to safety. just gave way, period. The VIX just broke out and checked in at the support... spiking up soon? The HG1! copper futures stalled at resistance. Overall, Bearish bias on equities
CShort
by Auguraltrader
Copper Commodity USA Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series Focus: Worldwide By Sun Storm Investment Research & NexGen Wealth Management Service A Profit & Solutions Strategy & Research Trading | Investment | Stocks | ETF | Mutual Funds | Crypto | Bonds | Options | Dividend | Futures | USA | Canada | UK | Germany | France | Italy | Rest of Europe | Mexico | India Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision. #debadipb #profitsolutions
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by Sunstorminvest
HGK2022 (Copper Futures) | H1 Bullish PressureType : Bullish Pressure Resistance : 4.8270 Pivot: 4.7060 Support : 4.6830 Preferred Case: Price is near pivot level of 4.7060 in line with 61.8% Fibonacci retracement . Price can potentially rise up to the 1st resistance level at 4.8120, in line with 138.2% Fibonacci extension and 61.8% Fibonacci projection . Our bullish bias is further supported by the stochastic indicator where it is at support level . Alternative scenario: Price might also dip towards the 1st support level of 4.6830 in line 78.6% Fibonacci retracement and 78.6% Fibonacci projection .
C
by Tickmill
1
HGK2022 (Copper Futures) | H1 Bullish PressureType : Bullish Pressure Resistance : 4.8270 Pivot: 4.7060 Support : 4.6830 Preferred Case: Price is near pivot level of 4.7060 in line with 61.8% Fibonacci retracement . Price can potentially rise up to the 1st resistance level at 4.8120, in line with 138.2% Fibonacci extension and 61.8% Fibonacci projection . Our bullish bias is further supported by the stochastic indicator where it is at support level . Alternative scenario: Price might also dip towards the 1st support level of 4.6830 in line 78.6% Fibonacci retracement and 78.6% Fibonacci projection .
C
by Tickmill
1
HGK2022 (Copper Futures) | H1 Bullish PressureType : Bullish Pressure Resistance : 4.8270 Pivot: 4.7060 Support : 4.6830 Preferred Case: Price is near pivot level of 4.7060 in line with 61.8% Fibonacci retracement. Price can potentially rise up to the 1st resistance level at 4.8120, in line with 138.2% Fibonacci extension and 61.8% Fibonacci projection. Our bullish bias is further supported by the stochastic indicator where it is at support level. Alternative scenario: Price might also dip towards the 1st support level of 4.6830 in line 78.6% Fibonacci retracement and 78.6% Fibonacci projection.
CLong
by Genesiv
Copper Futures (HGK2022), H1 Bullish BounceType : Bullish Bounce Resistance : 4.8060 Pivot: 4.7385 Support : 4.7020 Preferred Case: Price is near pivot level of 4.7385 in line with 50% Fibonacci retracement and 61.8% Fibonacci projection. Price can potentially bounce up to the 1st resistance level of 4.8060, in line with 100% Fibonacci projection and 127.2% Fibonacci extension, along with a graphical swing high resistance. Our bullish bias is further supported by price trading below the Ichimoku cloud indicator. Alternative scenario: Price might continue to drop towards the 1st support level of 4.7020 in line with 61.8% Fibonacci projection. Fundamentals: No Major News
CLong
by Genesiv
HGK2022 (Copper Futures) | H1 Bullish PressureType : Bullish Pressure Resistance : 4.7730 Pivot: 4.7000 Support : 4.6415 Preferred Case: Price is near pivot level of 4.7000 in line with 50% Fibonacci retracement . Price can potentially rise up to the 1st resistance level at 4.7730, in line with 78.6% Fibonacci retracement and 78.6% Fibonacci projection . Our bullish bias is further supported by the stochastic indicator where it is at resistance level . Alternative scenario: Price might also dip towards the 1st support level of 4.6415 in line with a graphical swing low support. Fundamentals: No Major News
C
by Tickmill
HGK2022 (Copper Futures) | H1 Bullish PressureType : Bullish Pressure Resistance : 4.7730 Pivot: 4.7000 Support : 4.6415 Preferred Case: Price is near pivot level of 4.7000 in line with 50% Fibonacci retracement. Price can potentially rise up to the 1st resistance level at 4.7730, in line with 78.6% Fibonacci retracement and 78.6% Fibonacci projection. Our bullish bias is further supported by the stochastic indicator where it is at resistance level. Alternative scenario: Price might also dip towards the 1st support level of 4.6415 in line with a graphical swing low support. Fundamentals: No Major News
CLong
by Genesiv
COPPER, THE MATERIAL THE FUTURE IS MADE OF, MACRO TRADESee chart. COPPER on the verge of a multi DECADES break out. I cant see any better long term investment. EVERYTHING ABOUT ENERGY IS MADE OF COPPER. Every single TESLA will use lot of copper. Every Internet of Things will be made of copper. Semi-conductors.. shortage? it rhymes with copper shortage as well! Hell even BITCOIN is basically copper made. And guess what... copper is not that easy to dig as well. Join the beautiful people club, trade commodities, trade COPPER! Target= multi years returns, no target, just a long term holding. PS: Dont expect it will double in one night, it wont! Follow the dollar to buy the dips.
CLong
by Ankel-ssj
Copper Commodity USASun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series Focus: Worldwide By Sun Storm Investment Research & NexGen Wealth Management Service A Profit & Solutions Strategy & Research Trading | Investment | Stocks | ETF | Mutual Funds | Crypto | Bonds | Options | Dividend | Futures | USA | Canada | UK | Germany | France | Italy | Rest of Europe | Mexico | India Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision. #debadipb #profitsolutions
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by Sunstorminvest
Copper Makes Record High For March!Copper created record highs this month, where it peaked at a high of $5.0395, breaching the previous all-time high from February 2011 once again. The previous all-time high is proving to be a strong level of resistance as price is unable to remain above this level for lengthy periods of time. There is now a long wick above this month’s candle as the sellers have pushed price down, but the candle's body remains bullish. $4.6495 is now a support level and should price decline further, it could hold price up, giving price enough momentum to make a new all-time high. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime
CLong
by Sublime_Trading
AUDAustralian dollar looks like a buy relative to US dollar. The Australian dollar the copper have a high correlation of movement between them. Copper has recently made new all time highs in US dollar terms. The Australian dollar has not made a move yet versus the US dollar while many other commodities have made upwards moves. Australia is a natural resources rich continent with many commodities and it typically booms when commodity prices are high. I think with a coming reevaluation of the US dollar, many people will reprice currencies of countries with a high concentration of commodities higher against the US dollar, essentially backing a country's currency with its commodities.
CLong
by ngordon
THREAD #2 : Commodities Update ‼️How it works ? Ask me in comment my chart analysis of the asset you want if it didn't have already done under. If I find something intersting to say and show, I will update the idea with it. A comment of each asset expose will be post under, come react about it or debate. Before to start I want to remind that we are in a period of conflict and news can emerge at any moment with strong effect and reaction on market. So invest carefully on this hard times and reduce your loss exposition on market when you can. Don't forget to take profit too. "Making money in trading is math and respect of strategy, so never let your emotions guide you in uncomfortable positions" As I've already done ideas on copper last months, let's start with it. COPPER ✅ First of all, if you follow my ideas you can see it's the same chart than the 29th of December when I posted it and the 20th of January for the trade. It is attached under and I invit you to see it because it will be the continuation of these analysis. So we are always in the Wyckoff Accumulation which have been developped, pullback on creek is done, and SOS too. Unfortunetly SOS failed so for me it's an end of the pattern. By consequence major part of my position have been closed and I will explain next why I keep a little which I not do usually. Why SOS is a fail ? Simply because we have selling volume, on the resistance area, on a primary resistance (yellow line) and because we have also selling pressure in it. The work have been done for the pattern, we took profit but can't project anymore in a term of "Wyckoff accumulation" of a bull continuation. So what to expect now from it ? The standard expectation after a failed SOS is to go back on the support area, usely rapidly and strongly, and invert the pattern in a way that we will now test the buying strenght on support. So we can expect a retest of support with an SOS to see, if it succeed, a bear continuation. That my scenario (a), and technically the most probable for me. BUT we have to live with our time and with the macroeconomic dynamic that we deal with. I will not hide that if the conflict between Russia-Ukraine continu and maybe gets worse, this will be a boost for every metals assets. That why I closed only 80% of my position, I can't advise to take long position anymore but it's could be wise to take profit and keep a part of your position if you are already in it. We can handle the technics evolutions but we can't handle the macroeconomic evolutions. If it this scenario (b) happen, we will see the construction of an LPS around $4.60 before to break up to the target around $5.70 in a first time. Take care of volatility, it will swing. GOLD ✅ Like for the copper, the chart don't have change since the commodities update of the 20th of January. We are coming to the end of the bull scenario. I invit to take profits on the conjoncture of the resistance area and the (2c) resistance. There is no interest to sell a refuge asset like gold, even more in this time of conflict. So if there is selling signals take it like an opportunity to buy it lower. Especially here, we will wait for buying signals on the (1b) or (1a) support and the best case would be the support area of $1,700 - $1,675 but far from now. For peoples already exposed on it, if it continu is bull movement and breakout the resistance area, we will be in price discovery so it's always hard to find targets in it because of volatility, but I don't expect it to go higher than $2,500 - $2,600 where we will probably find a big selling pressure. SILVER ✅ Like targeted in the last commodities update we are now on resistances of the downward channel. I don't expect a breakout of (1b) and the resistance area, so for me we will see the construction of a range between them around $27 and $29. The biggest probability for me is a bull outcome of the range to target the (1c) resistance (scenario A) and probably more after. If we reject the resistance strongly after lateralization I expect price to go deeply retest the (1a) support around $20 (scenario B). And finally if we see a reject of (2a) / (1b) soon, we could expect a short consolidation to (2b) before to go back again to the resistance area (scenario C). Like every metals, It would be dumb to expose yourself on the bear side in a period of conflict. More wise to wait consolidation and signals around the orange circles areas. PALLADIUM ✅ Palladium is another successfull prediction we had in the last commodities update. In term of evolution now it is very close from the copper analysis because we made an SOS which has also failed. So technically, the biggest probability is to see it go down on the (2b) line in a first time (scenario A) maybe more with (1a) before to retest the resistance (1b). If the macroeconomic dynamic bring it higher we could see an interesting area to enter on a buying signal on the pullback on (1b) (scenario B). Else we could go straight to (1c) around $4,500 - $4,600 before to see a strong selling pressure on price discovery. PLATINUM ✅ Platinum is also targeting the prediction of the last update. In term of perspective now it's more blurry for it. The most interesting pattern that we could see is for me a reject of (2a) to go down to (2b) which could be a nice entry on signal around $950. Else, probabilities to see it continu on the bull side are strong but I'm not confident on any areas, except the support of $860, to target entries once we will reach the resistance area of $1,340 - $1,270. CRUDE OIL ✅ I said in last update : "If I had an advice to give : stay away or be on short timeframe on this asset. Too much risk to see price manipulated by news on this public interest asset." and so after +30% in a week we have to look back on montly timeframe to search resistances. I believe in the fact that it will fall as rapidly as it surged and I also believe in the fact that we will not stay a long time at this level. Oh .... wait ! Just don't take care of what I just said, like the last commodities update it's just a manipulated asset and price will go where OPEP want to see it. So stay away of it. For those who really want my technical analysis it is : I think we can do an ATH just to say : "It's all time high !" but we will find a strong selling pressure because of (1b) and fall down rapidly. WHEAT ✅ Similar to oil technically, boosted by the macroeconomic context we did a new ATH and seen a strong selling pressure. However I don't think it's wise to sell it. We totally outbreak the range we was looking to in the last update, now if we break the resistance it could go really high but you will be attached to macroeconomic news so I advise to also stay away of it in both side.Take profits if you are exposed on it. SUGAR ✅ Rectification from the last update : we are always in the Wyckoff reaccumulation. I thought it failed because of the candle of the 10th of January but it seems to be an anomaly of market and the structure around the 28th of February confort me in the fact that it is a spring. Now we have jumped over the creek so the best area to target entry is, like for the copper pattern, the pullback on the creek. It's exactly the same pattern that we had on copper now, so just wait signals. If it go straight without pullback just let it go and don't buy in the resistance area before a breakout, there is a lot of resistances which will bring many pressure I think for the SOS. 🛑 Like, follow or comment if you like, it give me some strength to continue! 🛑
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by Kentg
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