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Grade A Copper FuturesGrade A Copper FuturesGrade A Copper Futures

Grade A Copper Futures

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CA1! trade ideas

New trading Strategy upgrade - CopperHi traders, this is my personal trading idea only. Please give an AGREE/ LIKE, my trading strategy is Price Auction - Chart only, I don't use indicators, MA, signals and trend line etc. Your comments are highly welcome. We need a relax and happy trading with happy ending on each trade. My chaos drawing is not to predict and guess the further, it is my plan where we are on the chart and how we shall trade on what we see. Good luck guys. Sell at M15-M15 and buy on H1 chart
COMEX:HGU2021
by QQGuo-Shane
COPPER trade idea.Analysis: Copper is in a strong uptrend, but we had 2 cases when the price rose stronger than expected. I market the 2 expansions with the green zones. I do not say that the bullrun is over, but I wont recommend to trade with large positions since the current market structure is neutral. The current potential risk reward ratios on short and long positions are quite bad. Right now it's too late to buy and too late to sell as well. I am waiting for a much clear picture before I will open a new trade. Conclusion: Neutral
COMEX:HG1!
by tmsarn
JICPT| Copper pending breakout the sideway upper boundary!Hello everyone. Copper is on the top of my watching list due to its widely usage in the world. In my opinion, it serves as the leading indicator of the economy to help us catch nice investor opportunities in the market. e.g. thematic funds. To make the long story short, let's look at the daily chart: 1. The long-term MA did prevent the price from further going down. In addition, the short and mid-term MA failed to crossover the long-term one, indication momentum to the upside. 2. It has been sideways for a while with the key level 4.4080 to be taken out. The level is also the upper boundary. 3. The likelihood of going up is high, however, I don't know if it directly penetrate the key level(4.4080), or seek support from the bottom level. I guess nobody knows. Considering the date of today, normally Friday is a bit quiet. So, we're very likely to know the result next week. Two possible setups: Breakout and pullback trade: with impulsive breakout, I plan to long at the pullback. This is momentum play. Pullback and bounce back trade: Price falls to the bottom of the sideway structure(4.1340), I plan to long at the bottom. This is a sideway setup. Hopefully, it helps. Enjoy the weekend.
COMEX:HG1!Long
by JICPT
Copper Prices giving a heads up... Earlier, I posted about the S&P500 defying gravity. Another indication to support that view is here... COPPER. It is well known for copper futures to lead/follow (takes turns) the equity markets. The reasons behind this phenomena is very fundamental, copper is used in production of many things, and in an economic upcycle, copper is one of the first metals required, in many forms from wires, to electronic parts. So, superimposed is the SPX on /HG copper futures. You can see the love/hate correlation. It is just astounding. Copper technicals are similar to that of 9 April 2020, as it bounces off the Gann fan support, breaks out over the trend line resistance... it appears bullish, even suggesting that it is looking for the last high. So what might this mean for the S&P500?
COMEX:HG1!Long
by Auguraltrader