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Copper Cathode Futures

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Gundlach ratio suggests 10 Year Yields will continue to climb. The Gundlach ratio tracks the ratio of copper prices to gold as an indicator of future US 10 Year Yields. Gundlach believes in the predictive value of the ratio since copper is sensitive to swings in the economy, while gold climbs when investors get frightened. You can see the correlation with the US 10 Year Yield rate is around at least 95% most of the time, although the correlation does loose connection, but then returns. Copper has been on a tear (especially since the Chinese returned from their Lunar Holiday) hitting a most recent high of 4.18 per lb, while Gold has dropped below $1800, bottoming at 1760 at the prospect on real yields becoming positive. This has increased the Gundlach ratio and you can see how US10Y rates have also been driven higher. With copper forecast to go even higher and Gold's future potentially a little less certain (especially as funds are diverted to Bitcoin) this bodes well for future higher 10 year rates.
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by majicktrader
2
June 2021 - Copper 05/03 - Rebounce Sharply1. Fundamental Analysis - After Chile's announcement about rising copper output, Congo increased production of copper and cobalt. - Besides, US Treasury yield climbed higher, it directly made US Dollar stronger than currency peer. Therefore, this triggered a wave of sell-off from equities to commodities by funds. - However, news comes from China that they are targeting GDP growth (at over 6%) are quite impressive. In med tern i think Copper is still good. But near-term, long liquidation remains in place. 2. Technical Analysis. After forming the first wave down in daily timeframe (or three waves ABC in H1). I think, Copper will rebounce sharply with three waves up as i draw in my pic. Of course, we ne to watch close when prices likely break the downtrend in H1 timeframe.
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by commoditybulletin
May 2021 Copper - Corrective PatternUpdated: Corrective Pattern. 1. Fundamental Analysis - Lack of news comes from China, which represents physical demand. - Waiting for news from non-china (i.e USA: readings from initial claims, unemployment rate...), which show the extent each country are recovering after pandemic. 2. Technical Analysis - Daily: Copper remains corrective pattern in daily timeframe . And it moves as Wave A-B-C as paragraph. - In H1: I predict that Wave B are forming, and it can reach to 4.24 - 4.30. Keep in mind that: 4.24 is resistance zone .
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by commoditybulletin
June 2021 - Copper (03/03/2021)Fluctuating in wide range (4.04 - 4.37) 1. Fundamental Analysis - Waiting for readings about U.S. factory orders, initial jobless claims and durable goods orders. - Despite Caixin PMI services and indutries were not gud as expected. But, Lots of people remains optimistic. - Sentiments about this market are seemingly improvement, even Chile annouced their production increased. 2. Technical Analysis - Daily, Supporting level: 4.04. - H4, price are fluctuating in a sideway. I expect that Copper need to accumulate, and then climb to former peak. (Around 4.30)
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by commoditybulletin
1
Copper Market Short-Mid termHi Folks! Keeping it simple, with trendlines on the daily there is a crucial moment for Cu prices. There was a beautiful trendline formed since the 4th of Feb, which created some vertical motion. If looking on the daily timeframe the trendline is currently being tested, and although has been pierced, still holding. If it doesn't hold in the next few days, there is a loooong way down, due to lack of support. But looking more closely on the 4 hour timeframe, we can see that the trendline held quite nicely, and that price rallied above the 50 EMA. Maybe copper isn't ready to roll over just yet? Or is it just a dead cat bounce? Next few days will tell, and the test of the 50 MA could act as the canary in the coal mine. Happy trading!
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by razuman
2
June 2021 - CopperCopper - Correction Ahead 1. Fundamental Analysis - US Housing Data was quite disappointing. - Equity market decline & the fear of rising US interest rates. - In addition, I think copper market is waiting for news which comes from US ( US government's plan for boosting produce electric vehicles) and China (confirmation about speculative buying and demand through readings of Shanghai copper warehouse stocks). 2. Technical Analysis - This market seems overbought, and there's a sign that people are taking profit. - Currently, i think copper contracts are moving in a range | sideway (4.08 - 4.37). - Intraday, prices can climb higher and reach a zone (4.30 - 4.33). It could be a good opportunity for sell to probe the strength of the market)
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by commoditybulletin
2
Copper. Triangle. Breakdown. Timeframe 1 month. Monopolization.Copper. Timeframe 1 month. A huge triangle has formed. Breakdown of the resistance of this formation. Notice how before the price rise they made a beautiful false breakdown. For strong growth, like the last time, it would be good if there was a rollback to the zone of the broken resistance of this formation. Complete development of the goal of the symmetrical triangle 13.23. The minimum goal is 10.1. Implementation until 2023 05 (this is relative time). But this is provided that the price does not fall below the mirror resistance level during a rollback (now it is already acting as a support). Also now there is a complete monopolization by playing with patents. All small participants in the prey will not survive. This patent game is what sparked this growth. Think what could happen in the world that would increase the demand for metal so much. Although even today negative dynamics is noted in the extractive sector. Alternatively, demand may remain as it is now or even less, but production due to certain events (not a "virus") may greatly decrease, which will provoke a very strong rise in prices (this applies to all minerals).
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by SpartaBTC
9
Take a leaf from the words of Prophet ELIJAH And Elijah came to all the people, and said, “How long will you falter between two opinions? If the LORD is God, follow Him; but if Baal, follow him.” But the people answered him not a word.(1 Kings 18:21-New King James Version) If you spent some time and look up the other Bible versions, you will find similar words like “struggling, wavering, hobbling,limping, faltering, halting, hesitating “ in replacement of “falter” in the above verse. Each day, we are inundated with hundreds of decisions to be made. You set your alarm at 6 o’clock to go for a meeting. When the alarm sets off, do you hesitate to wake up? Do you think of sleeping 😴 in for another hour because you were drinking last night? It’s the pandemic 😷 season and boss is reducing headcount to save costs and your workload has increased but not your pay. You were not happy!Then, boss sent you a text message to work overtime this weekend because he needs some urgent data to be pull out to present to a new client. Do you struggle to say yes 👍 ?? In the game of trading and investment, every minute, hour, day , week, month and year; there are opportunities for you to take. Often, we hobbled between these decisions : To buy or not to To enter now or later To take profits first or wait some more To cut loose the losses or pray for miracles To short now or wait for signal To follow this or that author ✍️ or do my own research 🧐 To buy stocks or ETFs or crypto currency No wonder many retail traders suffer from insomnia, gastric pain, irritable 😡 mood swings, ulcers, etc. In short, STRESSED 😫!!! Every action that we take leads to some consequences and it is the latter, the unknown future that gives us no certainty that freaks us out. What if I buy now and it starts to drop? What if I short now and price keep going up??(Think Tesla :many short sellers busted their accounts) And how do we decide on our course of action? Imo, it is a mixture of our own intelligence , past behaviour that yields a certain results, what you read and got influenced, your state of emotions at that time and your goals. Intelligence here can means your own sense of logic. For example, you think 🤔 that current US stocks are overvalued and you shorted Apple , SPX500, etc. Past behaviour: trade forex lost money but got some good profits from stock so stick to stocks! What you read : the sensational media loves you to pour over what they published daily. The fear mongers who proclaimed market is going to crash! Your state of emotions: you receive your salary that day and you are in a good mood to invest! All decisions carry risks. period. Even inaction itself is a risk because sitting on the fence can means you missed a great opportunity, escape from the killer fall (think GameStop plunge)....... For me, I have a firm belief that God wants to prosper me beyond what my barn can hold like the sand in the 🌵 deserts or ⭐️ in the sky...... And each win, big or small stacks up higher and higher and my confidence grew little by little. The more I share my knowledge, the more I grow financially,,mentally and spiritually as well. Some may take actions after reading my posts, others like it and decide to do some research on their own while some others simply ignore it. And that is fine with me! We all learn differently. Identify your own learning styles and find one that suits you. Take a small trade and test our your hypothesis and you may be surprised that is the seeds to becoming the next millionaire!
CLong
by dchua1969
5
The mother of all blow-offs???R.N. Elliott was famous for saying that one of the hardest things about trading was believing what you were seeing, and that is currently the case with Copper. Copper currently appears to be in the midst of breaking out from a 14 YEAR CONTRACTING TRIANGLE! If this breakout succeeds, and it appears it has, it would portend the greatest bull run in copper in the history of the financial markets. It would also have massive ramification for the major averages as well. Taken to its logical conclusion, Equities would be primed for a blowoff top that would usher in the mother of all bear markets; a financial reset that has been decades in the making, and one that is necessary to clear the effects of the financial malfeasance perpetrated by central banksters around the world. As Copper climbs, so will bond yields and equity prices. However when the party ends, don't be that guy holding your glass over the empty punchbowl, cuz the party will be over!
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by unforgiven