Downloading...
Download

Longcopper

Copper is SLOW but steady and climbing to the impossible 10,677The target seems like it's in another universe, but we are patient traders right? Actually, this analysis is turning out to be a MEDIUM term investment. The problem, with derivatives the Interest eats away daily and the price goes up technically. However, the analysis is still on despite the slowness of copper. Besides, it's not the most exciting metal. So, we'll just have to endure the upside and maybe cut the profit and let the position run as it wishes. Target remains at Target 10,677 Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
TRADENATIONSB:COPPERLong
by Timonrosso
Copper Cup and Handle ready to explode to 10,677Copper is an interesting market because it tends to follow the major markets. It doesn't have that safe haven status feel and every broker quotes Copper differently. Whether you're trading on US or LSE, it is subjective to the broker. Right, now it's priming itself for great upside which could signal upside for general markets and indices. Hopefully, the recession fears may come to an end. But we can only hope. Once the price breaks above the brim level, the target will set to around 10,677. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
TRADENATIONSB:COPPERLong
by Timonrosso
1
HG Copper Futures- Short to Long SetupHG is on the 30 minute chart with a set of EMAs ( 7- blue 20-red and 100-black) ascended 6 % in 7 days from the morning of 4/23 to the evening of 4/29. This is traded with a leverage of 25. A short trade taken on the reversal is now impending closure. The short falls faster than the long climbs and will yield about another 6% in 24 hours or so. The trade is setup to close when price crosses the EMA7 and stays above it for three consecutive candles ( 90 minutes). I long trade will then be contemplated to continue to take full advantage of the volatility. The RSI indicator should show a rise toward the 50 level to validate a long trade and some green buying volume candles should print. Rinse and repeat.
COMEX:HG1!
by AwesomeAvani
COPPER Commodity or Junior Miner trade LONGCopper prices rise when the economy is thought to be growing and needing more electrical infrastructure while they fall when bearish indicators might project a recession. I am at the aluminum and finished steel subsectors as well. FCX is under consideration but as a large cap it does not have the volatility of the junior miners. In the meanwhile COPJ, CPER and COPX look like they are worth considering given the trend up since mid-February. The chosen strength and trend indicators confirm the trend. This is a long trade and sector rotation play for those to consider that are tired of tech stocks and earnings plays.
NASDAQ:COPJLong
by AwesomeAvani