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Coppershort

Coppershort

Copper is approaching resistance, potential reversal Price is facing bearish pressure from our first resistance, in line with our 78.6% Fibonacci extension and 76.4% fibonacci retracement where we could see a reversal below this level to our first support target. Stochastic is showing signs of bearish pressure as well, in line with our bearish pressure.

Short

Copper is approaching resistance, potential reversal Price is facing bearish pressure from our first resistance, in line with our 100% Fibonacci extension and 78.6% fibonacci retracement where we could see a reversal below this level to our first support target. Ichimoku cloud is showing signs of bearish pressure as well, in line with our bearish pressure.

Short

Copper is pulling back to test resistance, potential reversal Price is facing bearish pressure from our first resistance, in line with our horizontal pullback resistance, 100% Fibonacci extension and 50% fibonacci retracement where we could see a reversal below this level to our first support target. Ichimoku cloud and 20 EMA are showing signs of bearish pressure as well, in line with our bearish pressure.

Short

Reversal play #metals Selling copper here with a stop at 3.7500. After the failed breakout attempt last week I think the metal could reverse lower toward the bottom of the range- 3.4780. Inflation is certainty a topic that is widely discussed and copper has been a big part of the story, but in the near term the rate of change (22 days) has slowed and it is still below the most recent range high after a failed breakout attempt.

Short

by IngenuityTrading

Copper is facing bullish pressure, potential for further upside Price is facing bullish pressure from our first support and ascending trend line and we could see a further push up to test our first resistance target at 3.800.

Long

Copper is approaching support, potential bounce Price is facing bullish pressure from our first support and ascending trend line and we could see a further push up to test our first resistance target at 3.800.

Long

Copper is facing bullish pressure, potential for further upside Price is facing bullish pressure from our first support and we could see a further push up to test our first resistance target at 3.800.

Long

Copper = Industry (also a hedging opportunity)There is a direct correlation between the S&P 500 and copper performance and they generally move in the same direction. Copper is much more closely aligned with global growth and demand, so if the global economy is expanding then demand for copper should increase. In other words, if the stock markets correct or crash the price should drop (now at resistance) If the stock markets rise more, then very simply Copper will follow. Hedging idea : 60% Platinum buy (over it's resistance), 40% copper sell (under it's support). Compound the winner gradually and follow the indices movement. ps. the indices are most likely correcting, not crashing at this stage

by FX_Professor

Copper is approaching support, potential bounce Price is approaching our first support where we could see a further rise up towards our first resistance. It is worth noting that the price is still holding above the ascending trendline and Stochastic is facing bullish pressure from our support at 8.18 as well, in line with our bullish bias.

Long

Copper is facing bullish pressure from support Price is facing bullish pressure from our first support where a break above our upside confirmation level could see a further rise up towards our first resistance. It is worth noting that the price is still holding above the ascending trendline and Stochastic is facing bullish pressure from our support at 21.74 as well, in line with our bullish bias.

Long

Copper is testing support, potential bounce Price is testing our first support at 3.58653 where we could see a potential bounce at this level and further rise up towards our first resistance at 3.65145. It is worth noting that the price is still holding above the ascending trendline and the Ichimoku cloud, showing bullish pressure in line with our bullish bias.

Long

COPPER- Offering us a second chance to SELL This is our small chart for Copper. As you can see from previous ideas we were able to sell it at a perfect time right on the mega-resistance . That level is a massive barrier that Copper will find great difficulty breaking. The take profits are on our previous charts

Short

by FX_Professor

COPPER - What a lovely morning ☕We called it, it happened. Price hit the Mega-Resistance and bounced back down, already down 1,4% today. That was personally my biggest trade in value yesterday and it paid off. Stop losses are now at entry and risk is zero but the potential reward is huge, with several take profit levels in mind. Technical analysis never lies.

Short

by FX_Professor

COPPER- Our first 3 (of 5 ) take profit levels We take profit gradually, always. Find on the chart our first 3 take profit levels ps. it takes 1 take profit level for us to secure some profit and then have the stop loss at zero (entry) to secure a guaranteed profit. Try to do the same and your trading will become better. 💌

Short

by FX_Professor

COPPER- Time for us to SELL We have been waiting for this alarm notification (i guess you know that tradingview can send you alarm notifications) for over a month now. Well here we go: Time for us to sell Copper now

Short

by FX_Professor

Copper, wait for a break above upside confirmation Price is facing bullish pressure from our first support in line with our ascending trend line where we remain bullish above this level. A break above our upside confirmation level could provide the bullish acceleration to our first resistance target. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks

Long

Copper, a break above upside confirmation could further upside Price is facing bullish pressure from our first support in line with our ascending trend line where we remain bullish above this level. A break above our upside confirmation level could provide the bullish acceleration to our first resistance target. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks

Long

Copper, a break above upside confirmation could further upside Price is facing bullish pressure from our first support in line with our ascending trend line where we remain bullish above this level. A break above our upside confirmation level could provide the bullish acceleration to our first resistance target. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks

Long

Copper to move lower.Copper - Intraday - We look to Sell a break We are trading at overbought extremes. With signals for sentiment at overbought extremes, the rally could not be extended. A higher correction is expected. Rallies should be capped by yesterday's high. Although the bulls are in control, the stalling positive momentum indicates a possible turnaround is possible. Short term MACD has turned negative. Our profit targets will be 33510 and 32850 Resistance: 34800 / 35000 / 35200 Support: 34600 / 34200 / 34000

Short

by Signal_Centre1

Updated

Copper to climb from upside confirmation Price is facing bullish pressure from our first support in line with our ascending trend line where we remain bullish above this level. A break above our upside confirmation level could provide the bullish acceleration to our first resistance target. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks

Long

opper to climb from upside confirmation Price is facing bullish pressure from our first support in line with our ascending trend line where we remain bullish above this level. A break above our upside confirmation level could provide the bullish acceleration to our first resistance target. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks

Long

Copper to climb from upside confirmation Price is facing bullish pressure from our first support in line with our ascending trend line where we remain bullish above this level. A break above our upside confirmation level could provide the bullish acceleration to our first resistance target. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks

Long

COPPER - (Almost) time to SELL copper- approaching a major resistance level (the ALL TIME RESISTANCE LEVEL) We will start opening some short positions here today but carefully because it still has room to rise another 2,5% before dropping massively

Short

by FX_Professor

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