MGH1! short 4HMGH1!
the trend is bears market
I m looking for short chances
for now this is the two scenarios
lower low at 3.8550 or reversal at 3.9305
This is my view
only for education
HGS1! trade ideas
Copper: lifting its head (again)?A price action above 3.85 supports a bullish trend direction.
Further bullish trend confirmation for a break above 4.05.
The target price is set at 4.15.
The stop-loss price is set at 3.80 (200-day simple moving average).
Fading downside price momentum supports the bullish trend.
Also retracting from the lower range of the Bollinger bands.
3rd roundCopper is trading just over the resistance. Looks like is accumulating and ready to break up. You can buy the ETF CPER instead of the futures.
Copper - Set-Up for DeclineI believe copper is set up for a decline in the near term.
Structural price action in the copper futures along with the 2 largest US copper producers stock price structure suggest price decline from this point.
FCX
BHP Group
copper longBuy: 4.730 or lower
Stop: 4.550
Notes: maybe copper will catch up to other metals
The model:
The Ingenuity Trading Model is a Geometric Markov Model with specific inputs related to Price, Time, Volume , and Volatility. The model attempts to predict local minimums and maximums in price on a daily and weekly basis. A fancy way of saying a trading system that detects specific patterns in price, time, volume, and volatility and indicates whether to buy or sell.
On winning trades after 1 day take at least ⅓ of the position off and move stop to breakeven
Copper H4 Triangle Break Trade Targeting 4.252In this update we review the recent price action in the #Copper futures contract and identify the next high probability trading opportunity and price objectives to target
Copper Bullish Cup and Handle FormingHandle forming now with potential to break out over the neckline next year
Copper Futures March April Challange Hello my friends! How is going your trading week? I hope that is doing well, anyways lets talk about this operation!
Bulish: Here we are waiting in the bullish way for a retest on TL that was recently broken, and from there we gonna wait for the retest then a break on the most recent high and the we gonna see if the price gonna reach the closest resistance (DR).
Bearish: Here for the bearish term we gonna wait for the price going back to his last channel and then get in bearish for a channel strategy of selling high and then buying low.
Bull flag pattern A bull flag pattern is a chart pattern that occurs when a stock is in a strong uptrend. It is called a flag pattern because when you see it on a chart it looks like a flag on a pole and since we are in an uptrend it is considered a bullish flag.
Buy copper - 780-782
Target - 810, 821, 844, 865
Stop loss- 755
Bull flag pattern A bull flag pattern is a chart pattern that occurs when a stock is in a strong uptrend. It is called a flag pattern because when you see it on a chart it looks like a flag on a pole and since we are in an uptrend it is considered a bullish flag.
Copper Futures DowntrendCopper Futures Downtrend
Lower highs and lower lows
went into sideways for a short time and then support was broken
Short immediately or short on strength
Entry based on FIB levels .382(3.8950) and the presence of sellers
SL: 4.0290 ( last lower high)
TP: 3.7380 (its the next support level)
copper is primed and ready for higherdont let the fake accounts fool you copper is ready to fly imo. first targets 4.18-4.28.
Copper is in bull flag hereAs long as this trendline holds, Cooper should push up for one more high.
This should hold together with the maj indexes or it will really start crashing soon. I think it's not there yet!
Key Levels and US Market Review for the Asian session open 7/03A review of the price action from the European session and the US session. DAX managed to hold onto recent gains while the FTSE edged lower. The US managed to open stronger and push higher but it was not long until we saw some profit taking and prices edged lower into the close. Traders continue to focus on the global economy versus sticky/high inflation and at this stage data is pointing to a resilient US economy absorbing those higher prices due to inflation. There is no fear driven selloff which shows that bargain hunters still believe in a longer term move up thanks to resilient economies so I continue to expect major swings in momentum up and down.
I remain of the view that sticky inflation is the big issue and will weigh on share markets if the Fed, and other major central banks, can not get it under control.
I look at some key levels to watch and the price action setups I expect to see play out.
Markets covered :-
DOW
Nasdaq
DAX
FTSE
ASX200
Hang Seng
USD Index
Gold
Oil
Copper
Copper has room for higher levels into the mid MarchHere is our pump, markets should follow, ideally after the next week’s low
Buying Copper at 50% retracement.XCUUSD - Intraday - We look to Buy at 4.074 (stop at 4.034)
The 50% Fibonacci retracement is located at 4.087 from 4.237 to 3.937.
Prices have reacted from 3.936.
Daily signals are mildly bullish.
Short term momentum is bullish.
A lower correction is expected.
Our profit targets will be 4.174 and 4.194
Resistance: 4.130 / 4.150 / 4.175
Support: 4.100 / 4.070 / 4.050
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Copper Futures ( HG1! ), H4 Potential for Bearish DropTitle: Copper Futures ( HG1! ), H4 Potential for Bearish Drop
Type: Bearish Drop
Resistance: 4.1130
Pivot: 4.0145
Support: 3.8945
Preferred case: Looking at the H4 chart, my overall bias for HG1! is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market.
Expecting price to drop from the pivot at 4.0145 where the overlap resistance and 23.6% Fibonacci line is before continue heading down towards the support at 3.8945, where the overlap support is.
It's worth noting that there is an intermediate support at 3.9245, where price might struggle to break through
Alternative scenario: Price could head up towards the resistance at 4.1130, where the overlap resistance and 61.8% Fibonacci line is.
Fundamentals: There are no major news.
Copper Futures ( HG1! ), H4 Potential for Bearish DropTitle: Copper Futures ( HG1! ), H4 Potential for Bearish Drop
Type: Bearish Drop
Resistance: 4.1130
Pivot: 4.0145
Support: 3.8945
Preferred case: Looking at the H4 chart, my overall bias for HG1! is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market.
Expecting price to drop from the pivot at 4.0145 where the overlap resistance and 23.6% Fibonacci line is before continue heading down towards the support at 3.8945, where the overlap support is.
It's worth noting that there is an intermediate support at 3.9245, where price might struggle to break through
Alternative scenario: Price could head up towards the resistance at 4.1130, where the overlap resistance and 61.8% Fibonacci line is.
Fundamentals: There are no major news.
Copper on upward trendcopper is on upward trend and this will be supported by China reopening. Ichimoku is supporting the trend. price is above the dynamic line support and is also above 100 moving average. The trend is more likely to continue its upward move in March.
Copper Analysis and Forecast (SELL)A technical analysis of a trendline breakout and subsequent retest indicates that a short position on HG futures could be a favorable option at present.
Copper prices dropped to their lowest point in almost seven weeks on Friday, due to a stronger dollar and weakened demand in top consumer China. The rising value of the dollar made metals more expensive for buyers using other currencies, as robust US economic data and high inflation figures raised expectations of extended higher US interest rates. The tepid demand for copper in China's top consumer market and the possibility of increased US interest rates have both contributed to the fall in copper prices, although global supply disruptions have helped limit the decline. As of 0817 GMT, the three-month copper on the London Metal Exchange (HG1!) fell by 0.4% to $8,863.50 a tonne, and the most actively traded April copper contract on the Shanghai Futures Exchange (HG1!) closed 0.9% lower at 69,610 yuan ($10,027.66) per tone.
demand in China post-Lunar New Year holiday hasn't bounced back as much as some had hoped, indicating weakened support from the demand side. Moreover, the Yangshan copper premium (SMM-CUYP-CN), which reflects the demand for imported copper in China, is down 85% from October last year, standing at $22.50 per tone on Thursday.
Considering the technical analysis of trendline breakout and retest, a short position on HG futures could be a good trading opportunity for investors.
Possible reversal zone for copper As you can see we are at the bottom of a broadening formation and just below the support of an uptrend channel , I expect a move to the up side in the next couple of weeks
