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
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Compare with Copper Futures
Contract highlights
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
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
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 Long
COPPER BUY MARKET ORDER : 6.5990
Stop Loss: 6.4660
Partials/Remove risk: 6.7295
Take profit: 6.8145
Risk-Reward target: 1:1.62
Trade Plan: Long
Bias: BULLISH short term.
Entry reason: Price tested key POI area.
Fundamentally: The short-term valuation tool also shows temporarily undervalued a
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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.
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Displays a symbol's price movements over previous years to identify recurring trends.
Frequently asked questions
The nearest expiration date for Copper Futures is Aug 31, 2020.
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 before Aug 31, 2020.









