Copper Volume Contraction - Symmetrical TriangleCopper Metal consolidation is going on.
Symmetrical Triangle on Weekly basis.
Chances of breakout are on a higher note.
Due your own diligence before putting step inside market.
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 831.25 Levels BreakoutCopper Analysis:
Fundamentals/News: China Stimulus package, ignites buying pressure on metals.
Price Trend: Copper is in upward sideways trend. We will look for buy opportunities at pull backs.If it is upward trend we would buy at current market price. Since Upward pressure is not that intense
Copper yesterday get huge profit buy on dip until 820 not break Disclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks Trailing SL (SL 23.6% )retracement Which is SL points then take En
Copper buy on dip until 811 not break 838,848,855 Target Disclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks Trailing SL (SL 27.2% )retracement Which is SL points then take En
Copper 790-787 fall will come then bounce possible avoid buy tilDisclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks Trailing SL (SL 30 % )retracement Which is SL points then take Ent
Copper sell given at 825 ,807 Target sell on rise SL 817Copper sell trade given below 825 , 807 Target hit enjoy huge profit.
Still not buy signal appear on harmonic pattern sell on rise unti 817 not break downside Target 803 ,801 ,795
Copper break support sell on rise newr 830 or below 820Disclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks Trailing SL (SL 23.6% )retracement Which is SL points then take En
Copper buy near 825 SL 820 Target 833,845,855Disclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks Trailing SL (SL 23.6% )retracement Which is SL points then take En
COPPER MCX Copper is unable to close below 670 levels in last 5 month narrowing its range and volatility in last 5 month .It is also trading close to important monthly support rising trendline . good for investment 6-12 month opportunity with support 670 monthly closing .if sustains above 850 on monthly cl
Copper again bounce from support 825 until 820 not break buy dipDisclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks Trailing SL (SL 23.6% )retracement Which is SL points then take En
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A representation of what an asset is worth today and what the market thinks it will be worth in the future.
Displays a symbol's price movements over previous years to identify recurring trends.
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Frequently Asked Questions
The current price of Copper Futures is 4.0900 USD / LBR — it has fallen −1.76% in the past 24 hours. Watch Copper Futures price in more detail on the chart.
The volume of Copper Futures is 3.47 K. Track more important stats on the Copper Futures chart.
Open interest is the number of contracts held by traders in active positions — they're not closed or expired. For Copper Futures this number is 121.50 K. You can use it to track a prevailing market trend and adjust your own strategy: declining open interest for Copper Futures shows that traders are closing their positions, which means a weakening trend.
Buying or selling futures contracts depends on many factors: season, underlying commodity, your own trading strategy. So mostly it's up to you, but if you look for some certain calculations to take into account, you can study technical analysis for Copper Futures. Today its technical rating is sell, but remember that market conditions change all the time, so it's always crucial to do your own research. See more of Copper Futures technicals for a more comprehensive analysis.