QC1! trade ideas
#copper #copperfuturesit has 2 months to go upwards. should not go below 4.2 this time to stay inside the falling wedge triangle.
Sell Copper with a Stop Loss of 731.20Sell copper near ₹ 727 with a Stop Loss of ₹ 731.
I analys Indian commodity market on a regular basis. I just earned 4800 points in SilverM, 2400 Points in GoldM and 240 Points in Crude Oil, however i wrongly entered in short position in nifty that made me some losses. But i believe losses are part of good trades.
#copper perfect entry #Copper Forming Double Bottom Pattern near to support zone in a 1 hours chat, perfect levels for entry.
COPPER FUTURES MONTHLY - BULISH ABOVE $4.66Copper Futures tested resistance $4.6275 and closed above support $4.425 in July. The red metal could trade at $4.790 in August. A close above $4.66 is important for #copper this month in view of growing demand for Electric Vehicles.
Copper moved almost 7% up from TL Copper respected lower TL very well which proved to be a buying zone again and moved well, 7% up, in last 3 days. It reached our first target. Visit previous chart in the link below.
Beautiful price action in Copper chartCopper is consolidating for a while at important resistance level. Also it is at a long running TL corresponding to 100 ema also. Lower TL has become a important buying zone in the past also. Closing above recent resistance can give good up move again.
Good price action for learning in this chart:
1) Beautiful respect to lower TL
2) Resistance level became the support and again turned into a resistance.
For educational purpose. Trade at ur own risk with proper risk management.
Fibonacci Channel on #Copper weekly ChartNew to the world of CHARTS, but always fascinate by Fibonacci. Tried the fib Channel on Copper weekly chart, markets seem to mostly respect the time schedule as per Fib.
Will keep analyzing more.
copper futuresinteresting / deciding week for copper. will decide its near term trend.
need to close above 4.27
Copper Futures - Expanding Channel PatternCopper Futures - Expanding Channel Pattern
Target 1 @ 798
Target 2 @ trendline 2
StopLoss below trendline 1
copper future huge move comingif the lower line is respected, a breakout above the falling wedge might lead to huge movement
Copper Futures Trade for July 2021Strategy for trading Copper for July 2021
1. Copper is in Downtrend on Daily Chart but have formed reversal pattern with bullish hammer on 21 June 21 also RSI showing strength.
2. Strong Resistance zone between 733 to 740. This area will decide further direction for trade either on Long side or short side.
3. Price is respecting channel as shown, if it touches zone 733-740 and gives any bearish indication on Day chart we can go short
4. If Price breaks channel on up side +Price above 740 sustaining with bullish indication (Day candle) then enter for long.
Exact price for entry / exit and SL will be updated as we get confirmation on either long / short side
