Coppershort
Copper Buy / Sell Based on FIBO / Gann - INTRADAYAs per my analysis copper is on Sell Trend
So sell at 517.30 Stop loss 518.70 Target 512 / 508.30
Always stick to strict entry exit and stop loss level . +/- 0.10 paise is considered as entry or exit
Fibonacci and GANN always rocks........ Support us , Follow us and Research with us
Copper Buy / Sell Based on FIBO / Gann - INTRADAYAs per my analysis copper is on Sell Trend
So sell at 510.50 Stop loss 511.70 Target 507.50 / 505.20
Always stick to strict entry exit and stop loss level . +/- 0.10 paise is considered as entry or exit
Fibonacci and GANN always rocks........ Support us , Follow us and Research with us
Copper Buy / Sell Based on FIBO / Gann - INTRADAYas per my analysis Copper is on sell trend correction so
Buy at 501.40 Stop loss 500 Target expected 506.30
after correction sell at 506.30 Stop loss 507.65 Target 501.40 / 498.55
NOTE : Sell is the most preferred trend
Fibonacci and GANN always rocks follow us , support us and research with us
Copper Futures Daily chart Analysis The market is currently at 50 % Fibo level which indicates the end of the short retracement and the beginning of a new impulse move.
There is a high probability that the market will reach 2.4056. and if prices broke that level, the market will look for the red resistance level.
Please like and comment this analysis and let me know what do you think about it
Copper Tempest: The Bear before the BullIf you like this idea, don't forget to hit the Like Button and to Follow Me!
Exciting days for Copper. The brown metal reached the $2.8575 level. I'm confident that copper price will rise in the long run if copper demand, especially for China (largest copper consumer), will continue to record highs (527,000 tons in December 2019).
However, we still live on planet earth, and we need to make a deal with technical analysis. I believe Copper has terminated an Elliot wave impulse, with wave 5 hitting today's high ($2.8575). I will expect in the next days the A, B, and C corrective waves.
This theory is enforced by Volume Profile analysis (performed on Elliot Impulse Range) that shows POC support at $2.6436, and an exciting volume development around $2.7947. I expect corrective wave C to touch this support to bounce back for a new impulse wave 1 (If the market will let it).
Stochastic still confirm this analysis. The indicator showed no reversal for this cycle, and it is approximating the overbought area, by the way, again with a bullish setting.
Disclosure: My ideas contain statements and projections based on assumptions on capital markets, and therefore inherently subject to numerous risks and uncertainties.
Before buying or selling any stock you should do your own research and reach your own conclusion or consult a financial advisor. Investing includes risks, including loss of principal.
I am not a financial advisor.
Price Expansion Week for Copper, now what?Referring to last week's plan for Copper below :
..the price did in fact expanded to the downside as we anticipated after the range was below the 20-week AWR range projection in the previous week. However, as price expansion happened mostly on that Tuesday, the price failed to meet Copper's 20-day ADR from Wednesday until the market closed on Saturday morning (Singapore/Malaysia time). That is 3 days missed days and I expect a price expansion in daily range context between this coming Monday to Wednesday.
I am still bearish Copper based on these oversimplified rationales :
1. Fundamental Analysis rationale, the increase of global copper supply, the reported weak demand for copper and reports that China is increasing its output whilst data suggests their demand for Copper is weak
2. Technical Analysis rationale, the long term timeframe shows price hasn't broken certain resistance levels to warrant me to change my overall bias from bearish to bullish.
I am looking for a bull trap at the levels I have marked.