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

COPPER -The bullish commodity 17 replies

Copper, Tin for delivery 2 replies

Attachments: Copper for everyone
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Copper for everyone

copper now back in contango - was in backwardation for about 6 hours (appx). serious bull trap has been set.

below 4.70? most likely.
In tea leaves we trust!
hit 4.70 something. could be the bottom, could also go a little lower but would have to be quick.

i'll wait for the structure....
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In tea leaves we trust!
copper is serious backwardation 2 cents now.

some days it is close and moves in and out of backwardation. this move seems to have created some space between.
In tea leaves we trust!
mucking around with some lines and fibs. prev top only hit 1.27 therefore more to come imo.

is the bottom in - we need more time to confirm.
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In tea leaves we trust!
time to get long copper - appears that the bottom is in on 4h. all the hallmarks of secondary rally to take it to new highs has been setup.

i'm long and well under water but holding. all the signs are there.

current price is 4.502
In tea leaves we trust!
Quoting Mcbeaners
time to get long copper - appears that the bottom is in on 4h. all the hallmarks of secondary rally to take it to new highs has been setup. i'm long and well under water but holding. all the signs are there. current price is 4.502
arrow on where i think we are going short term-ish.
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In tea leaves we trust!
Quoting Mcbeaners
{quote} arrow on where i think we are going short term-ish. {image}

just continuation or al least for the moment needs more downside to wash out the longs.

setup remains ... just
In tea leaves we trust!
i believe the bottom is in on copper.
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In tea leaves we trust!
Quoting Mcbeaners
i believe the bottom is in on copper. {image}
did go higher but not a complete bottom on that one.

is this one any better. maybe.
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In tea leaves we trust!
looks like copper has topped out on the daily - 4.20 looks like min target to me.
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In tea leaves we trust!
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