LOOKING FOR BUY OPPORTUNITY. GUD LUCK
Sell copper near ₹ 727 with a Stop Loss of ₹ 731. I analys Indian commodity market on a regular basis. I just earned 4800 points in SilverM, 2400 Points in GoldM and 240 Points in Crude Oil, however i wrongly entered in short position in nifty that made me some losses. But i believe losses are part of good trades.
#Copper Forming Double Bottom Pattern near to support zone in a 1 hours chat, perfect levels for entry.
W8 reversal confirmation candle.
Copper respected lower TL very well which proved to be a buying zone again and moved well, 7% up, in last 3 days. It reached our first target. Visit previous chart in the link below.
LONG COPPER ABOVE WEEKLY HIGH. Trading at 20 EMA as support and Bullish candle at 20EMA. Exit below previous weekly candle low.
Copper is consolidating for a while at important resistance level. Also it is at a long running TL corresponding to 100 ema also. Lower TL has become a important buying zone in the past also. Closing above recent resistance can give good up move again. Good price action for learning in this chart: 1) Beautiful respect to lower TL 2) Resistance level became the...
Triangle pattern for Copper
As per the chart. DD Advised.
Copper Futures - Expanding Channel Pattern Target 1 @ 798 Target 2 @ trendline 2 StopLoss below trendline 1
Strategy for trading Copper for July 2021 1. Copper is in Downtrend on Daily Chart but have formed reversal pattern with bullish hammer on 21 June 21 also RSI showing strength. 2. Strong Resistance zone between 733 to 740. This area will decide further direction for trade either on Long side or short side. 3. Price is respecting channel as shown, if it touches...
* Falling Channel * TruStop negative Crossover Bullish Journey to resume above 730-739 zone #KeepItSimple
Copper buy for initial target of 750 then 850 important levels r marked in the chart itself should be treated as demand and supply zone.
Expecting upmove above 695 till 710 as first target.
Buy Copper near 690-693 Stoploss 657 Target 750
Look at the above weekly chart of MCX Copper. It has created an ascending channel pattern without breakout. This channel started in the previous years April month. At present, its falling after making a tail. But how much it can go down? Copper may fall more from here, and that can be up to 728 - 710.6 levels. But overall, its on an uptrend. So, soon it will...
Copper forming a bullish bat harmonic pattern on daily time frame. Can move towards 860+ levels.
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