Copper Swing Opportunity Hi All - good opportunity to go long on Copper Futures for short term in 1h chart.
Key Highlights:
1. Bouncing off support zone with good volume
2. Showing good strength
3. Good risk and reward
COZ2020 trade ideas
Copper views -Dt-21/09/2023As 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".
long tradeentry above 735.65 for target 736.7 and 741
reasons - resistance breakout
supporting indicators - rsi + fibo
disclaimer - trade @ owm risk
copper buying level 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 risk to reward
Foundation built in copper@ 720I m very bulish on copper due to ev segments busting in automobile industry
Wide range of band is 720 to 760
Buying starts with strict stoploss of 720wclb
My target is 760/800
copper long tradebuy 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
Copper Long The chart is annotated. Copper is at a good support with the oscillators oversold. Looking good for a bounce from here.
mcx copper update blw for this week mcx copper ------ its consolidated zone start eys on 747 if sustain abvthan mkt go to 751--52 than after 752 abv 757+++ ys hurdel 767 only abv fresh boom only where support 738 if stya blw trhan again dwn 734.90--731++ expect-- copper spot will also move
Focus on copperVery low inventory of stock, higher demand in ev segments, I m very bulish on this commodity
For intraday my stoploss is 438 first target is 445 and then 455
Copper aug 🌟🌟buy 733 stop 730 tgt 👇👇Tgt1 737
Tgt2 740
Tgt3- 747
From here upside shown 733 to 740 sure ..risky tgt 747
Look for OpportunityOn 30 Min candle charts if price break support
Possibly reach to the 1st target
As on chart
copper long trade plan (mcx)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 time frame acting as support
with this two confluence we can initiate long side trade
Possible break OutPossible break up in copper on 30 minute candle chart
Break previous support and near the pivot line
Take resistance from higher level
Copper Short Trade SetupCopper Prices facing rejection near the resistance of 735 expecting a fall to 729.80.
copper mcx update blwinterdy-- buy opper 732--731 sl 728 tgt 736--38++ yes on dailly chart gvn breakout or dollor index may support for buyer buy on dipss with tight sl cmp spot abv 3.72$ looks buy only or interday base
A Consolidation around the monthly support zoneCopper seems to be in a reactive zone now . Put this in watchlist and see how it reacts. Breakout / breakdown from either of those sides could attract a huge momentum in that respective direction.
copper zinc crucial update blwsell copper 728--29 sl 32 tgt 722--25-- zinc blw 221 dwn fall 219.80-217-- sellon rise soon may be creshed due to low economical data
silver mcx crucial update blwsilver trading range 71500-72965-- break any range with volume will clear move if stya blw 71500 thna expect dwn side 71110--70560++++++ where come dwn or hold abv support thna mkt dedcta bounce expect 72500++ where resistance act 72965 if stya abv more up side or if hold bwl than dwnnnnnnn again mor ein trade hrs update
Intraday Copper Looks Bearish MCX:COPPER1! As Per Day trading Strategy and Volume Analysis MCX:COPPER1! Looks Sell Side , if you are ready to take Risk then sell near 744, Sl 748, target 737,735
its a technical Call
Before Taking Any Entry Do your Own Analysis.
Only For Educational Purpose.
Thanks and Regards
Ajay Metha
Copper Bigger PictureBearish 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
sell copper --751 sl 754 tgt 745--742sell copper 751 sl 754 tgt 745--742 yes dollor index moving high thna profit booking expect from higher lvl
sell copper 738@--39 sl 741.10 tgt 734--732--726sell copper 738@--39 sl 741.10 tgt 734--732--726 looks fill gap in 4th hrs chart and lme copper also may slip due to profit booking
sell coper blw 724 tgt 719--714sell coper blw 724 tgt 719--714 sell on rise with tight sl 727 due to chines data looking dwn
