Copper looks like going to fall !!!Trendline has been broken and retest is done, what do you think? comment your ideas in comment. thanks
About Copper Futures
Copper is an essential industrial metal used worldwide. Copper prices are followed in financial markets around the globe and the metal is growing in popularity. Copper is widely used in construction and because of its electrical properties is found in wires and circuit boards. Copper is mined in open mines around the world, with Chile and the United States leading in overall copper production. The demand for copper is increasing as countries such as China and India continue to develop, while the supply remains tight. The growing demand and constrained supply is likely to keep copper prices volatile in the near future. Copper prices are commonly quoted in USD.
COPPER Two year Triangle may finally break.Copper (XCUUSD) is trading within a Triangle pattern since the March 07 2022 High. The price is currently above the 1D MA200 (orange trend-line), supported twice by the 1D MA50 (blue trend-line). The 1D RSI shows that we may be replicating the July 15 - September 20 2022 fractal.
If the price break
Copper’s Strategic BreakoutWe are observing an intriguing shift in the copper market that might offer a potentially profitable trading opportunity. On the daily timeframe, copper prices are manifesting a noteworthy breakout from a symmetrical triangle pattern, an event typically associated with substantial price movements.
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Copper - (continued) SHORT; for now ...I fail to grasp the general consensus where the overall impression seems to be that "bad technicals" but "a very pretty fundamental picture"?
LME stocks jumped +45% just since January alone! - How is that a "good" fundamental picture? (I must be missing something, especially with China not coming ba
Copper Conundrum: Diverging Indicators Point to More DownsideThe last time we looked at copper was last October, and the trade played out nicely in our favor. Much has happened since then and we think another opportunity lies on the horizon now.
Revisiting the same analysis now we observe the following…
China, being the largest copper buyer, its curre
Copper looking good to go! Copper getting ready to breakout, first target is 1.7 to 1
I will look to leverage with miners BHP ABX
Key Levels and US Market Review for the Asian session open12/07US markets had another rally ahead of the all important CPI data release prior to the US open. It seems that markets have dragged in bulls recently which sets up for an interesting market if the CPI figure comes out stronger than expected...meaning sticky inflation and further rate rises. US Bond yi
Copper longTrade: Buy at 3.7645 or lower
Stop: 1.2755
Notes: China may be bottoming
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 we
Corn Price Rollercoaster: A Technical BreakdownDive into the intricacies of corn price movements in this focused video analysis🎥. We'll tackle key support levels, observe the recent price plunge💥, and discuss what could be in store. Remember, I'm not a commodities expert, just a passionate observer👀 sharing my insights. Hop on this rollercoaster
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