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.
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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 buy above 797 SL 790 Target 804,813,818Disclaimer -
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 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
Copper open at demand zoneCopper opened at demand zone and reached the target of supply zone . Then the price went complete sideways
Zone to zone tradingv.
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Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
Open interest is the number of contracts held by traders in active positions — they're not closed or expired. For Copper Cathode Futures this number is 110.06 K. You can use it to track a prevailing market trend and adjust your own strategy: declining open interest for Copper Cathode 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 Cathode 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 Cathode Futures technicals for a more comprehensive analysis.