International CopperThere might be a super rush in all base metals and commodities after this breakout happens
Load up on Industrial metals more than base metals and noble metals
Bearish on Copper - Weekly and Daily viewOn Weekly, The price is trading in a channel/range and looks like it is headed towards the bottom of the channel
On daily, price is displaying corrective structure ABC.
My view: Although it looks like taking support at the trendline on daily, it coud potentially break and go down below.
I am
Copper buying opportunity After striking resistance multiples times price broke the resistance , now the previous resistance will become support
Long Copper Hi everyone, Hope you are having a good day.
Let'sdiscuss the trade idea on copper. I use a volatility contraction pattern which is given by Mark Minervini.
I believe before every explosion, there is a contraction or what i better know it as "silence"
Obviously we have to take all the other thin
Copper Looks short term downsideAs per chart its moving in a channel....Downside possible for 2-3 days....after consolidation it will start again its upward journey as per Hourly chart since its above trend line
Copper daily chart comes long Copper taking support on daily chart
Trendline support :Low of feb 24 ,,June 24 and , 16 July 24
Likely to bounce from here on
Massive rally on the cards
Copper at Important levelCopper should respect the green line which is Fib 0.5 level and falling wedge
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COPPER AnalysisAs we can see from Dec to Feb price touch 3.93 level 3 times and fail. 1st time it create a bearish engulfing second time bearish harami. third time shooting start.
if price break and close below 3.719 level then we can see a target of 3.5598.
resistance 1: 3.93025
resistance 2: 3.96299
Support :
Copper Correction?Seems like the FOMC decision has triggered trouble for Copper & Equities alike.
A test of lower levels 3.6/3.5 is possible soon...
View negated if closes above 3.73 (on DCB as well as WCB)
See all ideas
Displays a symbol's price movements over previous years to identify recurring trends.