Copper for everyone

Probably ~3.78 in March. Or not.

Good morning,
waiting to short copper around 4,05... Longterm trade the way down again

Best
Chriss

Hearing a lot of profit taking has recently occurred in copper. It's been stalled the past couple of weeks but on very heavy volume. Although it's due for a correction, it's tough to justify taking a short position. Below is the CME HG continuous contract on a weekly.

Here's on of the most underappreciated overlays: Crude/Copper

The correlation has been remarkably high.

Copper breaking out:

It's getting cold up here

Copper is very high
440/445 may be a good area for bears
Waiting for a good bearish signal (but it has to be very strong), my favorite target is under 360

Copper has had an excellent breakout, in an uptrend which is accelerating. Looks to be headed to close to 4.65, which is all time highs.



Monthly chart:

On the 4H chart, HG is perhaps headed to a test of 4.40 before going backup, as the trend is firmly bullish.

Copper still respecting its trendline. Next test comes later today.

Copper is ever so close to its all time highs. Expect a test either this week or the next!

While briefly hit ATH, it's come down sharply this morning in the US session.

Despite DXY being green, Copper is green, while Gold and Silver are down.

I believe Copper will be having a strong bull run this month.

Big day for copper but beware, this is only the beginning of the Chile copper mine strikes continue. Copper has already been strong. If these strikes persist we copper is going to new highs, easily.

Copper retreated a little bit on some China demand concerns. That's nothing compared to this Chile mining strike continuing. I'd be careful going into the weekend with this strike continuing. We could get a significant gap up next week if it's not resolved. But there's also the chance (doesn't look likely right now) that they come to an agreement. In that case we'll probably see a gap down. I'm not holding copper but if I were I'd be long.

time to get long?

well i'm long here.

structurally looking good here, me thinks 4.3375 is possible before a major retrace. hodl.

so far so good.

took profit @ 4.295

looks like copper is coiling for a another move north. i'll stay out for the moment. 4.335 looks like the target.

taken a small long here @ 429.35

i normally lose money on these rebuys so will exit on small profit or loss.