Copper Outlook for Next few holiday sessionCopper in Holiday mood, while inventory will be important to watch
LRC1! trade ideas
Copper Short (17 Nov)Intraday
Copper Short (17 Nov)
RSI- 51
Sell at CMP- 688
SL- 689.7
Target- 683
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COPPER UNDER GI-METHOD Copper ubder down trend using gi-wave 1 method price expect down from 693 to 688
SMC Trading MCX CopperMCX Copper Sell 705.10 SL 707.50 & Other Sell(One Hour OB) 709.70 SL 714 TP 700,697,693,686,672
Bullish PennantCopper is giving a Bullish Pennant pattern wait for breakout confirmation and take trade
Dr. CopperIN spite of Bullish COT Reports - Copper Still seems to be working to kick out the last bear.
While Weekly Momentum is up and Daily Down, Looks like it still has one or two legs down before it moves up.
3 to 3.1 Area Looks interesting. Watch Out for it.
Have Patience and keep a Watch on Daily Momentum
Is copper momentary negative but long term fundamental buy?Copper prices have been rising in the past two weeks as producers chile flagged supply risks.
1. Souring heat wave in west seek demand for energy generation
2. The demand in electric vehicle adoption would likely to grow despite risk of economic slowdown.
To add fuel to the fire, The largest miner of copper Chile posted a 1.5 percent YoY fall in Industrial production data in June of 2022, following a downwardly revised 1.7 percent rise in the prior month. The main drags on the industrial sector were mining and quarrying activities (-2.1 percent vs -0.3 percent in May)
Copper continues it's DowntrendA small flag is formed in Copper
Expected price level is shown
Information mentioned here is for study purpose
COPPER FIB EXT....Bottom Dome ????The fib ext which has been respected time & again. Just kissed 0.618 today. Lets see if it holds or break on CB. MCX Copper
Copper - Diagonal Pattern Copper trading at the 3rd line support of diagonal pattern, also has strong support at 670 zone,
Expecting buyers to hit 780-800 in case of correction and if in case of new trend …price ll rally to 950+.
Copper - More pain ahead...As seen on chart, Copper broken long term trendline....we can see levels of 672-660-633 levels....
HG-Copper May BounceCOT Reports and Daily Technicals Suggest that Copper is due for a Bounce Shortly
CopeprCopper Cmp 816
Chart speaks for itself
A Possible structure seeing in it ...
With Red line aka 821 as my sl
blue line (780/740) as my possible tgts I would be looking for
Chart is for study purpose only!!
Copper levels for 19-4-2022Note: Always try to find a good price action patterns or any candle stick patterns in marked zones in smaller timeframe to take entry with small stop loss. If you follow diagonal trendlines you can take entry and exit easily. (Color code (only for diagonal trendlines ): green - bullish , red - bearish , black & violet reversal points). If any doubt for take entry in price action patterns, please ask in comment box, i will try to help.
Disclaimer: Im not tip provider and this chart is not indented to take trade in my levels, It is shared here for learning purpose. It is all your own risk.
Copper levels for 12-4-2022Slightly modified yesterday levels in copper for today.
Note: Always try to find a good price action patterns or any candle stick patterns in marked zones in smaller timeframe to take entry with small stop loss. If any doubt for take entry in price action patterns, please ask in comment box, i will try to help.
Disclaimer: Im not tip provider and this chart is not indented to take trade in my levels. It is all your own risk.
Copper level for 11-4-2022Copper also not changed my previous view posted on 6-4-2022
Note: Always try to find a good price action patterns or any candle stick patterns in marked zones in smaller timeframe to take entry with small stop loss. If any doubt for take entry in price action patterns, please ask in comment box, i will try to help.
Disclaimer: Im not tip provider and this chart is not indented to take trade in my levels. It is all your own risk.
Copper M - Bearish FormationIf breaks and sustains 810 then it may start the downwards journey first till 795/97 below that upto 780 levels
[MCX] Copper Retracement BetNote -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
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