Get started
MINI - USD London Copper FuturesMM

MINI - USD London Copper Futures

9,755USDD
−5−0.07%
USD
No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Forward curve Seasonals Contracts

LUC1! trade ideas

Copper Prices giving a heads up... Earlier, I posted about the S&P500 defying gravity. Another indication to support that view is here... COPPER. It is well known for copper futures to lead/follow (takes turns) the equity markets. The reasons behind this phenomena is very fundamental, copper is used in production of many things, and in an economic upcycle, copper is one of the first metals required, in many forms from wires, to electronic parts. So, superimposed is the SPX on /HG copper futures. You can see the love/hate correlation. It is just astounding. Copper technicals are similar to that of 9 April 2020, as it bounces off the Gann fan support, breaks out over the trend line resistance... it appears bullish, even suggesting that it is looking for the last high. So what might this mean for the S&P500?
COMEX:HG1!Long
by Auguraltrader
COPPER- All 4 targets reached/ Time to go Short? Since May last year Copper had been selected as one of our main investments for the year 2020/2021 ?( check the previous idea here ). We had placed 4 take profit levels early in January to be taken and they were taken successfully , just a bit faster than we thought! At this stage, Copper should leave some profits behind so we are entering a short term short position until our charts demand that we buy in again. This, despite today's news that Shanghai copper rose on Monday on top metals consumer China's move to boost liquidity, while a steady dollar ahead of U.S. inflation data kept London prices under pressure. In anticipation of Chinese data tomorrow morning we feel this is a good entry point at resistance. the FXPROFESSOR
C
by FX_Professor
2
ridethepig | Copper for the Yearly Close📌 Copper for the Yearly Close First with an immediate review of the flows. We were tracking for the capitulation low which was our moment to advance... It was a great choice of moment to load the longs. Extending the belief in commodity shortages which have been entering into play all year long. The highs are worth striving for, all factors remain the same with the macro picture still equal. The main cases where this will play an additional note too at China and Australia flows which is something to consider. After clearing our first targets it's time to aim for the 4.5 main impulsive zone. A flyaway break is in play with such a bullish close, which is generally not very common. Of course the last time this happened was in the early 2000's; and we exploded. As usual thanks for keeping the feedback coming 👍 or 👎
CLong
by ridethepig
4
copper premarket. probably getting too specific.I think copper will continue to rise. Copper is a useful metal for lots of electronic devices. Point of control might act as a magnet to draw price higher. In march through april copper was at a decision point, and markets decided it was in high demand. I would be surprised if price went back lower through that heavily traded range. If I was ordering copper for a large company I would probably feel like I'm getting a relatively good deal and/or a good deal may be running away from me if I don't act with haste.
CLong
by emehoke
Copper is hit by both hike of I/R and China decision20-06-2021 In the past week, some of the inflationary pressure in the market dissipated with a major sell-off across the commodities complex. The Fed’s policy talk helped spur a surge in the dollar, which was part of the reason for the selling. But the first catalyst was a move by China to cool the hot commodities markets. Reuters reported that a Chinese government agency planned to release reserves of aluminum, copper and zinc caused the price to plunge. TP: $3.85
CShort
by probabilityta