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High Impact Events Trading... Gold & Copper 417 replies

COPPER -The bullish commodity 17 replies

Copper, Tin for delivery 2 replies

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Copper for everyone

  • #41
  • Jun 10, 2019 8:32pm Jun 10, 2019 8:32pm
Quoting Mr.Metal
Kindly find attached International Copper Study Group (ICSG) Factbook for details on supply and demand. Supply deficit or surplus has a huge impact on prices. {image}
Thanks Mr.Metal. Great resource. Some nice light Monday night reading.
If in doubt, paddle out!
  • #42
  • Jun 10, 2019 10:37pm Jun 10, 2019 10:37pm
Copper is hitting June highs tonight. China's Industrial Production data due out later this week could be a big event. I might stay out until then, but copper is looking strong right now.
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We must learn who is gold, and who is gold plated
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  • #43
  • Jun 11, 2019 12:48am Jun 11, 2019 12:48am
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  • #44
  • Jun 11, 2019 1:14am Jun 11, 2019 1:14am
Quoting Mr.Metal
tush1822, you also need to research on supply as well when talking about commodities. Supply of all commodities has been increasing with good tech to mine same if for copper. Kindly find attached International Copper Study Group (ICSG) Factbook for details on supply and demand. Supply deficit or surplus has a huge impact on prices. {image}
Wow thanks Mr. Metal! I've been trying to read as much as I can about Copper.
careful not to step in a pile of it
  • #45
  • Jun 11, 2019 1:44pm Jun 11, 2019 1:44pm
Here's two great reads. Contrarian views too. Both from Reuters:

  1. Chinese stimulus hopes support copper
  2. The big copper short is back as macro fears return

While a lot will depend on what kind of stimulus comes out of China, copper is looking like there's some downside risk.

We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #46
  • Jun 12, 2019 3:13am Jun 12, 2019 3:13am
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  • #47
  • Jun 12, 2019 6:21pm Jun 12, 2019 6:21pm
Copper may be impacted by the aussie data tonight. The chances aren't high, but it happened back in March and the rally in copper provided plenty of opportunity. If anybody is interested, I just finished a preview leading up to the data. As always, it's best to do your own research before making any investment decision. Feedback would be welcomed: AU Employment Data Preview - June

The main event for copper this week is tomorrow's industrial production number our of China.
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We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #48
  • Jun 12, 2019 11:43pm Jun 12, 2019 11:43pm
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  • #49
  • Jun 13, 2019 12:57am Jun 13, 2019 12:57am
TY Aleksbuk for this anaylsis... I'ma short... but just a quickie... I kno you aren't into fudamentals but I heard there might be a copper strike...does that concern you at all?

Shorted now@ 2.6421.... TP 2.6326
  • #50
  • Jun 13, 2019 1:34am Jun 13, 2019 1:34am
Quoting EventsTrader
The big copper short is back as macro fears return
The below pretty much sums up my feelings about copper right now.
Quote
“The vast bulk of clients” are expecting relations between the two countries to get worse before they get better,

I’m also wondering, when is this eventual recession going to hit and how much could I make shorting copper when it does?
careful not to step in a pile of it
  • #51
  • Edited 8:37pm Jun 13, 2019 7:35pm | Edited 8:37pm
China Industrial Production Preview. It's one of a handful of events that usually only impacts copper. The Chinese data is due out in about 90 minutes. If you're active in copper right now, you may want to take a look. Feedback is always welcomed. Good luck gentlemen!
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #52
  • Jun 14, 2019 1:03am Jun 14, 2019 1:03am
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  • #53
  • Jun 14, 2019 1:05am Jun 14, 2019 1:05am
Quoting EventsTrader
China Industrial Production Preview. It's one of a handful of events that usually only impacts copper. The Chinese data is due out in about 90 minutes. If you're active in copper right now, you may want to take a look. Feedback is always welcomed. Good luck gentlemen!
They didn't do any volatility. We can relax and trade by chart now.
  • #54
  • Jun 14, 2019 1:14am Jun 14, 2019 1:14am
Quoting Aleksbuk
{quote} They didn't do any volatility. We can relax and trade by chart now.
China delayed the data and it's due out in 45 minutes from now.
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #55
  • Jun 14, 2019 1:21pm Jun 14, 2019 1:21pm
Fundamentally, I see copper prices with further downside risk. Long positions right now is pretty risky. Not much out there supporting it. Good luck out there!

  1. China’s industrial output growth slowed to a more than 17-year low of 5% in May
  2. Supply side disruptions are still a risk. Workers strike just started at Chuquicamata copper mine in Chile
  3. Copper slid on the weaker than expected industrial output figures from China.
  4. Speculation that Beijing will need to roll out more growth-boosting measures soon after Chinese Fixed-asset investment grew less than expected.

We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #56
  • Jun 14, 2019 4:02pm Jun 14, 2019 4:02pm
I agree about risk for a long, but if last long provocation will fallen down, they can go to 2.88 for test that range, what made last two month down trend
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  • #57
  • Jun 17, 2019 2:38am Jun 17, 2019 2:38am
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  • #58
  • Jun 17, 2019 9:20am Jun 17, 2019 9:20am
can be lockal long in this 5M range. just for today - for daytrading.
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  • #59
  • Jun 17, 2019 4:33pm Jun 17, 2019 4:33pm
Chile's Chuquicamata copper mine operations halved amid strike: Codelco - This is big news for copper. I wouldn't take any short positions as long as this is going on. If fact, considering going long.

Quote
“For now we are maintaining [production] at 50%, but we are working towards 60%,” Codelco told Reuters.
Union representatives challenged that statement, saying Codelco was exaggerating its ability to produce amid the strike.
Quote
Liliana Ugarte, president of Union 2, one of three striking unions, said that Codelco had yet to approach the unions to reinitiate talks.
“On the contrary, Codelco is making things worse...by making statements that only serve to infuriate workers,” Ugarte said.
The mine produced 320,744 tonnes of copper in 2018.
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #60
  • Jun 18, 2019 12:48am Jun 18, 2019 12:48am
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