copper futureslooking for $8.50 copper
side note: Mr burry aka the big short opened a position on ERO copper.
Compare with Copper Futures (Apr 2022)
Contract highlights
The world needs CopperCopper continues to move higher since our January bullish note and remains in a strong upward trend driven, by very strong fundamentals. As the world shifts its energy consumption and upgrades transmission infrastructure, Copper demand remains solid.
The growth in AI and data centres also means C
Long
COPPER (HG) — REVERSAL SCENARIOCopper continues its bullish expansion toward the key Fibonacci POI between 1.414 and 1.618.
I expect price to first reach the 6.69–6.74 area, where I will be looking for confirmation of a bearish reaction and a potential reversal.
🎯 Targets after confirmation:
• Take 75% of the position near 6.4
Short
HG - W - potential wave countsPossible that a 5 wave up is done on copper
Sell with stops at recent highs
Short
Will Record Copper Futures Trigger a Global Energy Crisis?Macroeconomics and Economic Realities
Copper futures recently hit historic highs across major global exchanges. COMEX contracts touched a record $6.894 per pound on September 10. London Metal Exchange three-month contracts reached a record $14,858.50 per metric ton the same morning. LME copper has
Long
COPPER 10-year Channel flashing major Sell Signal.Copper (HG1!) has been trading within a 10-year Channel Up since the January 2016 market bottom and is currently on the latest and strongest Bullish Leg of this pattern. This has already entered the 0 - 0.236 Fibonacci range, which has been the Zone that formed both previous Higher Highs (Tops).
Th
Short
Industrials & CopperCopper : 4 week Low
S&P Industrials : 4 week low
Great Correlation
Room for much further downside
Short
Copper: reading a chart where the zone layer has nothing to sayThe last time this chart had a built area underneath it, copper traded near 3.70.
It trades near 6.72 today. Between those two prices sit 661 daily bars in which our structure layer stamped nothing at all. Both facts are visible on the chart: a cluster of marks along the base through the second ha
Copper is telling you that crude oil is set to outperform.Even Doctor copper is telling you that crude oil is set to outperform.
Too many have been programmed to think crude oil can never go to $200, $300 or even $400.
No, it won't be the end of the world.
This is how early we are!The decade long base for copper when measured against the stock market has NOT even broken out yet.
This is how early we are!
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A representation of what an asset is worth today and what the market thinks it will be worth in the future.
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently asked questions
The nearest expiration date for Copper Futures (Apr 2022) is Apr 27, 2022.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell Copper Futures (Apr 2022) before Apr 27, 2022.