HG1! trade ideas
R-0191 Intraday Commodity Future Buy COPPER SEP Intraday Commodity Future Buy COPPER SEP @521.45-521.65 SL 518.90 TGT 525.80
Above VWAP 521 and it remains that level we can expect more upside so go long.
R-0178 COPPER (SELL)Intraday Copper Futures AUG@520-521 SL 523.6 TGT 516.50
Breakdown from ichimoku cloud + TK crossover indicates BEARISH TREND
R-0173 COPPER(LONG)Intraday Commodity Future Buy COPPER AUG @532.2-532.4 SL 529.90 TGT 536.20
Above VWAP + TL cross over + MACD cross over
Shorting Dr. Copper - Can We Nail 6 in a Row?The Extreme Turn has been finding turning points in copper HGU2020 with a high success rate on a hot streak of 5 winners in a row. Today we're seeing a 2.5% move higher in copper to just under $3 and using the ET Sell signal on the 2H to fade the strength. Can we keep the streak alive?
Short HG 09-20 at 2.9790
$HG_F I reckon Dr Copper a chance of $3.80time for a commodity bull market and some inflation. $3.80 makes sense to start with as a target whilst the world 'rebuilds' post whatever this is.
Copper rallies.Firstly, please support our work by clicking like button & or following! These really assist us to reach more investors & traders like you! Despite the rally prices have been struggling to go beyond $3,00 and ended up consolidating between $2,85 & $2,90. However, as the bullish fundamentals improve prices might go higher.
Copper Futures - Breakout shaped recoveryThe economic recovery hasn't been confirmed yet by Dr Copper has it fails to break out of his decade long downtrend. It was challenged last month with no clear break (2 consecutives closes above)
August could be the month of the recovery from COVID or a pullback could signal a longer recovery ahead.
