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HG1! trade ideas

Copper needs China.As everyone knows, China is one of the largest consumers of copper. And it is the demand for copper from China that largely forms the market for this metal. For some time now, demand has fallen sharply and pushed copper quotes down. Copper is a very interesting trading instrument. That's just to sell more in all likelihood, if you have to, then only on very short time periods. Traders are waiting for the resumption of demand from China. When this happens, it will be possible to open long positions and earn. So far, we are watching how the price interacts with the formed support level and the long-term resistance line. Probably the outcome with the growth of copper is already close.
COMEX:HG1!
by aleksandr_shirin
Copper - Did Social Media Tell You To Long The CCP Again?They call copper "Doctor Copper" because it's said to forecast the overall world economic conditions on account of being tightly wed to manufacturing. Well, what people are really yammering about with that over the last 20 years is whether or not the Chinese Communist Party is healthy, and the world by proxy being healthy because it tied itself to the most heinous regime in history, the one responsible for the 24-year persecution of Falun Gong by former Chairman Jiang Zemin and the accompanying organ harvesting and genocide. Unfortunately for all the blind bulls, the early 2021-2022 price action was a pretty good indication of a top, and that top is really confirmed by the fact that since October of '22, this bounce has been pretty weak, and starting this month, with all the drama surrounding the slow collapse of the Chinese economy, took out the previous two months' lows. Monthly shows you that August price action took both the July and June lows. Like, that's not the kind of "signal" you want to see to get long for a new all time high. When something is retracing to take out major highs, you want to see lows rarely violated with something of a freight train towards the old highs. Weekly bars show us something of a subtle pattern where it looks like it's just taken some lows and is consolidating and continually flirting with going back up. But in reality the market makers are, most likely, just selling more under the previous $4.00 area. And if that's really true, it means another gap down is imminent, especially after an entire quarter of ranging. If you ask me, the first area that you can look for a long that is more than a scalp on copper is under $2.8, which is a critical pivot from September. And a more likely target in the next 12 months is the $2.00 mark, which was barely swept out in the COVID drama. The reality is, my friends, the Chinese Communist Party is going to fall overnight in our lifetimes. Not five or ten years from now. But very shortly, and everything is going to change. Whether that is caused by Xi Jinping throwing away the CCP to protect himself and China from being taken over by the International Rules Based Order as it uses Taiwan as a soft proxy war, or because the whole world collapses under the results of the persecution of Falun Dafa, since everyone's been going to Shanghai to worship the toads and the Devil Red to get financial benefits. This is the danger. The danger is imminent. But copper trades painfully slowly, so if you want to do this you have to have long duration, ignore the noise, and be willing to suffer some drawdown. China under the CCP is never going to recover. Things are never going to be okay ever again. Things will be okay once mankind returns to tradition. But there won't be an international stock market like this anymore that day.
COMEX:HG1!Short
by LordWrymouth
COPPER Two year Triangle may finally break.Copper (XCUUSD) is trading within a Triangle pattern since the March 07 2022 High. The price is currently above the 1D MA200 (orange trend-line), supported twice by the 1D MA50 (blue trend-line). The 1D RSI shows that we may be replicating the July 15 - September 20 2022 fractal. If the price breaks above the top (Lower Highs trend-line) of the Triangle, then based on the fractal should target initially the 1.5 Fibonacci extension level at 4.1800. As long as it closes below the Lower Highs, we will sell and target the 3.6870 Support. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
COMEX:HG1!
by TradingShot
1
Copper’s Strategic BreakoutWe are observing an intriguing shift in the copper market that might offer a potentially profitable trading opportunity. On the daily timeframe, copper prices are manifesting a noteworthy breakout from a symmetrical triangle pattern, an event typically associated with substantial price movements. Moreover, on the hourly timeframe, the metal is crafting a fresh local top, a sign of potential bullish momentum. A strong confirmation signal for this prospective uptrend would be an hourly close above the previous peak at 3.9320. Assuming this bullish scenario comes to fruition, a strategic long position is recommended, with a Stop Loss set below the recent local low at 3.8765 to manage potential downside risk. We suggest two possible Take Profit targets based on Fibonacci extensions of the previous impulse waves and the range of the symmetrical triangle pattern: The first target is at 4.0495, aligning with 1:1 and 1:1.618 Fibonacci extensions. This objective yields a favorable 1.5 risk to reward ratio. The second, more aspirational target is set at 4.2360, matching the range of the symmetrical triangle pattern on the daily chart, presenting an attractive risk to reward ratio of 4.5. Please, consider this analysis as part of your investment strategy, yet remember that trading always involves risks and it is crucial to manage them appropriately.
COMEX:HG1!Long
by formaaaa
Copper - (continued) SHORT; for now ...I fail to grasp the general consensus where the overall impression seems to be that "bad technicals" but "a very pretty fundamental picture"? LME stocks jumped +45% just since January alone! - How is that a "good" fundamental picture? (I must be missing something, especially with China not coming back, in any way resembling past demand.) Long(er) term, one could make a case, perhaps, but only by disregarding the hole that the decline of Chinese demand will poke into global fundamentals. On the other hand, Copper/Gold ratio looks rather bullish. Here is a close-up; As for the Copper/Gold Ratio; That is definitely what bullish looks like! Stay SHORT for now (... and then make a lot of money trading it from under 3.50 ;-)
COMEX:HG1!Short
by Nemo_Confidat
2
Copper Conundrum: Diverging Indicators Point to More DownsideThe last time we looked at copper was last October, and the trade played out nicely in our favor. Much has happened since then and we think another opportunity lies on the horizon now. Revisiting the same analysis now we observe the following… China, being the largest copper buyer, its currency pair CNHUSD traditionally shares a high correlation with copper. However, a divergence has emerged since May 2023. Moreover, copper's wide usage in manufacturing - from batteries to appliances and industrial machinery - makes China's import and export figures a good indicator of global economic health. These figures currently paint a gloomy picture, with YOY Exports & Imports pointing lower. Again, we notice a divergence between copper prices and these economic numbers. The Gold/Copper ratio, usually confined within a certain range, has recently tried to break higher. Despite facing resistance, the movement may still have momentum. Previous breaks upward have proven to be quite rapid. One way this could play out is if copper trades lower, the Gold/Copper ratio tends to trend higher. From a price action perspective, copper seems to be breaking out from a seven-month bull flag, inching towards the 4.00 price level. However, the significant resistance at 4.00 casts doubts on the breakout's success. Further fuelling this doubt is the emergence of a Simple Moving Average (SMA) death cross on the daily timeframe. On a shorter timeframe, the Relative Strength Index (RSI) suggests slight overselling, while the overall price structure is encapsulated in a symmetrical triangle. Summing up, we foresee short-term downside for copper due to diverging macro factors from copper’s price and a downward trend in the dollar. Moreover, price action suggests overbought levels and looming resistance. CME has the Full-sized Copper Contract or the Micro Copper Futures which we can use to express this view, taking a short position at the current level of 3.904, stop loss at 4.10 and take profit at 3.55 the next level of support and subsequently 3.30 if the symmetrical triangle breakout happens. Each $0.0005 price move in copper per pound is equal to $1.25 for the micro copper futures and $12.50 for the full-sized copper futures. The charts above were generated using CME’s Real-Time data available on TradingView. Inspirante Trading Solutions is subscribed to both TradingView Premium and CME Real-time Market Data which allows us to identify trading set-ups in real-time and express our market opinions. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com Disclaimer: The contents in this Idea are intended for information purpose only and do not constitute investment recommendation or advice. Nor are they used to promote any specific products or services. They serve as an integral part of a case study to demonstrate fundamental concepts in risk management under given market scenarios. A full version of the disclaimer is available in our profile description. Reference: www.cmegroup.com www.cmegroup.com www.cmegroup.com
COMEX:HG1!Short
by inspirante
Key Levels and US Market Review for the Asian session open12/07US markets had another rally ahead of the all important CPI data release prior to the US open. It seems that markets have dragged in bulls recently which sets up for an interesting market if the CPI figure comes out stronger than expected...meaning sticky inflation and further rate rises. US Bond yields held steady while the USD swung between gains and losses in a holding pattern prior to the data release. Expecting a stronger open in Asia with the ASX200 to open up 30 pts, the Nikkei to open up 80 pts and Hang Seng to open up 90 pts also. Traders are focused on the US CPI data release and what that means to inflation and rate rises. Hopes will be that we are at the end of the rate rise cycle which to me means a slowing global economy. Also on the cards will be coming US earnings. Some KEY ACTIONABLE LEVELS into the Asian market session. Review of the European and US sessions and what that will mean to the price action in the near term along with key levels to watch. Markets covered :- DOW Nasdaq DAX FTSE ASX200 Hang Seng USD Index Gold Oil Copper ** If you like the content then take a look at my WEBSITE in the profile to get more daily ideas and learning material ** ** Comments and likes are greatly appreciated. **
COMEX:HG1!
by TradeTheStructure
Copper longTrade: Buy at 3.7645 or lower Stop: 1.2755 Notes: China may be bottoming The model: The Ingenuity Trading Model is a Geometric Markov Model with specific inputs related to Price, Time, Volume , and Volatility. The model attempts to predict local minimums and maximums in price on a daily and weekly basis. A fancy way of saying a trading system that detects specific patterns in price, time, volume, and volatility and indicates whether to buy or sell. On winning trades after 1 day take at least 1/2 of the position off
COMEX:HG1!Long
by IngenuityTrading