Copper Futures
Bullish Reversal - Hammer On Weekly TF Buy At Cmp - 709.75 SL - 689 ( Weekly Closing Basis ) Target - 745/760 Conservative Traders May Wait For 700-702 ( May Or May Not Come )
As we can see from Dec to Feb price touch 3.93 level 3 times and fail. 1st time it create a bearish engulfing second time bearish harami. third time shooting start. if price break and close below 3.719 level then we can see a target of 3.5598. resistance 1: 3.93025 resistance 2: 3.96299 Support : 3.55981
After today's massive bloodbath, we've got HINDCOPPER on our radar for next 2-3 weeks. So the view after the bloodbath today, i.e. on 13th March 2024, the view is clear that we're looking for fundamentally strong companies that are available at cheaper valuations. We need to buy companies that are trading at a PE that is lower than the industry PE, that are...
COPPER made inverse head n shoulder pattern on an hourly chart with decent OI & also near its strong resistance zonce of 715. If copper breaks past 715 then buy with mentioned stoploss & target. Risk:Reward = 1:2
Copper MCX: We're currently witnessing Copper in a range-bound movement, specifically within the 695-720 range. This zone doesn't offer a clear trading opportunity as of now. To avoid potential traps, it's crucial to wait for a breakout and a sustained move beyond this range before considering any trade. Breakouts often signal a change in market sentiment, so...
copper is in side ways on the major time frame for smaller time frame we can opt to trade buy low sell high tactics on the lower time frame we had a long upside trend then price went to small sideways days as a buildup it looks good and on the contary there will be chance price creating a pullback on the breakout from upside we will avoid as there will be...
As per my views , i can see copper in down trend, which it could go 700. In higher time frame it is visible "Head and Shoulder pattern".
entry above 735.65 for target 736.7 and 741 reasons - resistance breakout supporting indicators - rsi + fibo disclaimer - trade @ owm risk
724 - 726 is the first zone for buying 723 -721 is the second zone for buying this is when you buy price in two halfs by spiliting quantity the above fva > fair value area is likely to retest but ive considered the last the two area by considering the confluence of fib 0.5 to 0.7 level which are = with our fva for resistance we have 744- 746 which is good...
The 200 ma is sloping down which is clear evidence of the downtrend. The 50ma is also below the 200ma further confirming the downtrend. This looks like a bounce in the downtrend. There is a key pivot level which the commodity is approaching now. This will be a good level to sell from a technical perspective.
buy 733.40 there is gap on 5min chart (a gap is a fair value area) can create a buying retest 723.25 stop loss and two target 735.50 and 737.50
The chart is annotated. Copper is at a good support with the oscillators oversold. Looking good for a bounce from here.
copper on 1 hour chart made a textbook head and shoulder pattern and the head was exactly at pin point rejection with resistance zone of 756-762 lvl after completing the HnS pattern price made pullback , which was exactly rested on fib lvl of 0.5-0.6 in between which projected the price towards down side of 716.50 also there is one trend-zone coming from higher...
Bearish Harmonics In Copper Using As Buy Opportunity. Sell PRZ - 783.6/786.6 SL - 799 Target - 755/745 If Breaks 799 then next PRZ - 812.4 SL - 815 ( Day Closing Basis ) Target - 770/757 If Breaks 815 then next PRZ - 863.95 SL - 886 ( Day Closing Basis ) Target - 802/782
we can see falling wedge with vcp pattern with consolidation in this script with good divergence, if this resistance is taken out we can see all time high
Copper is sitting at the support zone after a steep fall. Good chance that the mean reversion will lead to some rally and also the fact that we have the daily supports here will help that.
turmeric chart suggest ba ck to back monthly gains ideally the trend could continue with retracements in between it is following an upward sloping trendline on higher frame the trendline its following comes straight from 2007 thus suggest a strong validity of the same
Hello Friends, Here we had shared possible Elliott wave counts on copper international chart. Good thing is wave counts are aligned with each others in multi time frames, Over all it looks good to go long as per wave structure, whole scenario is shared in this video post, so please go through out this video post to understand the Analysis of copper as per Elliott...