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Copper for everyone

  • #1
  • First Post: Jun 1, 2019 1:05am Jun 1, 2019 1:05am
Copper is a interesting instrument very technical and has good liquidity for day trading and especially interesting for swing trading. In this thread you can see the best prediction for copper, professional discuss about how to trade copper, explanation interesting trades, volume analysis and man- many interesting discussing.

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  • #2
  • Jun 1, 2019 4:03pm Jun 1, 2019 4:03pm
I'm in.

All things considered, copper is looking very bearish near-term.

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That said, there's a fundamental case for a triple bottom soon. If China inks a trade deal with the US, or can prove it can grow without one, that would be very bullish for copper. Plus, Zambia is in the process of nationalizing some of their copper mines. They're a big copper exporter so the potential exists for an upcoming supply disruption.
Self-sufficiency is the greatest of all wealth. - Epicurus
  • #3
  • Edited Jun 2, 2019 12:33am Jun 1, 2019 8:57pm | Edited Jun 2, 2019 12:33am
China's Caixin Manufacturing PMI is on deck. Sunday data tends to have lesser impact. I'll probably stay out, but I'll be watching in case of a weak report. If copper starts to sell, I want to be ready.

This one is interesting. The impact has recently diminished as China's slowdown concerns have taken a backseat to US-China trade wars. However, the forecast is right at 50.0. A number below 50 would signal a contraction. Depending on how big a miss, there's some risk to the downside for copper. A better than expected number may have to be a lot better than 50.0 forecast for a rally.

A break below current levels doesn't have much support. Daily chart:
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We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #4
  • Jun 3, 2019 4:02am Jun 3, 2019 4:02am
My idia for today.
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  • #5
  • Jun 3, 2019 8:06am Jun 3, 2019 8:06am
So guys. I told about long on my prediction, and now price came to first target.
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  • #6
  • Jun 3, 2019 6:21pm Jun 3, 2019 6:21pm
Quoting Aleksbuk
So guys. I told about long on my prediction, and now price came to first target. {image}
Interesting and IMO a bold prediction. Before copper's drop in May, it went sideways for two months during March and April. Prior to that, it started the year off pretty bullish. Right now, copper is a little lower than at the start of 2019. Lots of uncertainty, especially with the US-China trade chaos, China slowdown fears, and concerns about the US economy possibly showing signs of a possible recession. Check out the latest yields via the US Treasury. It looks like the inversion is getting slightly more obvious:
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I'm out of any copper positions right now because global demand seems like it could be weakening. On the other hand, if we see some aggressive stimulus from the Chinese government, copper could have some near-term upside. Good luck sir! I'll be watching copper from the sidelines for now.
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We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #7
  • Jun 4, 2019 12:45am Jun 4, 2019 12:45am
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  • #8
  • Jun 4, 2019 12:51am Jun 4, 2019 12:51am
Quoting EventsTrader
{quote} Interesting and IMO a bold prediction. Before copper's drop in May, it went sideways for two months during March and April. Prior to that, it started the year off pretty bullish. Right now, copper is a little lower than at the start of 2019. Lots of uncertainty, especially with the US-China trade chaos, China slowdown fears, and concerns about the US economy possibly showing signs of a possible recession. Check out the latest yields via the US...
Great analisis. I trade just chart and don't look to any fundamental data. day trading, or 1H TF. In my opinion For this time frame don't need any news and fundamental indicators.
  • #9
  • Jun 4, 2019 1:05am Jun 4, 2019 1:05am
Here's long term LME copper inventories. As clear as mud!

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  • #10
  • Jun 4, 2019 2:14am Jun 4, 2019 2:14am
Quoting swagtrading
Here's long term LME copper inventories. As clear as mud! {image}
I think your data haven't nothing with trading.
Look, the same data, but different price on the chart. First image can help for manufacturers or other investors, and second for traders. Yes, it's same Copper, but for make money on trading can help just second image.
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  • #11
  • Jun 4, 2019 5:56am Jun 4, 2019 5:56am
Quoting Aleksbuk
{quote} Great analisis. I trade just chart and don't look to any fundamental data. day trading, or 1H TF. In my opinion For this time frame don't need any news and fundamental indicators.
Everybody has their own style that works for them. I look forward to the ride.
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #12
  • Jun 5, 2019 3:30am Jun 5, 2019 3:30am
Hi everyone. Copper still growing up.
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  • #13
  • Jun 5, 2019 4:01am Jun 5, 2019 4:01am
Quoting Aleksbuk
Hi everyone. Copper still growing up. https://www.youtube.com/watch?v=HMERpUovL54
You made an excellent call Aleksbuk. I'm still going to be a spectator because there's too many factors at play. I may give copper another look later in the week. We'll see. Until then, I'll just keep up with your trade calls. Let's see if you can keep your streak alive! You've been calling it pretty nicely. The market is expecting the ECB to lay out the details of the LTRO 3. While the general thinking is that the terms for this LTRO will be tighter, I've read that they might revise the growth outlook higher. Nothing would surprise me when it comes to the good ole ECB. If they revise growth projections upward, copper could certainly benefit and see further upside potential. Like I said, I'm not sure so take all that with a grain of salt.

Again, impressive call. At the end of a dismal month you were pretty confident in a move higher. Are you sure you don't have a DeLorean?
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We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #14
  • Jun 5, 2019 11:12pm Jun 5, 2019 11:12pm
Im all about making money and it looks like you yall know what your talkin bout! Preach! TY
  • #15
  • Jun 5, 2019 11:18pm Jun 5, 2019 11:18pm
Quoting Aleksbuk
Copper is a interesting instrument very technical and has good liquidity for day trading and especially interesting for swing trading. In this thread you can see the best prediction for copper, professional discuss about how to trade copper, explanation interesting trades, volume analysis and man- many interesting discussing. Subscribe and we will make money together!
Thanks for starting this thread Aleksbuk. I have traded gold for awhile but have been wanting to get into copper on the side. I think if I keep up with this thread I will be ready to move from copper demo to live trades.
careful not to step in a pile of it
  • #16
  • Jun 6, 2019 12:01am Jun 6, 2019 12:01am
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  • #17
  • Jun 6, 2019 5:10am Jun 6, 2019 5:10am
Aleksbuk droppin jewels and $Buck$ (demo tho)

I peeped out your setup and rode witcha! SL and TP set, so I can get some rest to be my best!
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We'll see what happens when I wake up...Good lookin and thank you for sharin bruh!!
  • #18
  • Jun 6, 2019 5:57am Jun 6, 2019 5:57am
Quoting GoldGrilz
Aleksbuk droppin jewels and $Buck$ (demo tho) I peeped out your setup and rode witcha! SL and TP set, so I can get some rest to be my best! {image} We'll see what happens when I wake up...Good lookin and thank you for sharin bruh!!
I out limit, but they didn't take me(((
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  • #19
  • Jun 6, 2019 10:13am Jun 6, 2019 10:13am
I hadn't considered getting into Copper, my outlook is changing though
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  • #20
  • Jun 6, 2019 2:29pm Jun 6, 2019 2:29pm
Quoting Metallurgy
I hadn't considered getting into Copper, my outlook is changing though {image}
In many ways, I think copper may be the best metal to trade. It's more of a pure growth play than the other metals.
Self-sufficiency is the greatest of all wealth. - Epicurus
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