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Tag Archives: Copper Price action trading

Price Action shows the possibility of a Retracement due to the breakout

Copper Price action – Sharp Breakout and the possibility of Retracement

By Trading Predator June 12th, 2018 No Comments

Copper prices rallied sharply from the beginning of June. International Spot prices jumped from 3.07 to 3.30, just in a matter of less than two weeks. It all started with the breakout on June 4th and unfolded into a sharp rally. It’s a typical market behavior to retrace or at least have a minor correction,

Copper Prices show consistent Buying Pressure, trading above the Resistance

Copper – Market Prices Trading above the Resistance zone

By Trading Predator December 26th, 2017 No Comments

Aftermath an extended Rally in the beginning of 2017, Copper prices unfolded into a range bound – Mean reversion Market structure. Prices struck within a range of 2.90 – 3.20 almost from the beginning of Sep 2017. The scenario is clearly visible on Daily chart. Buying and selling pressure is equal and there’s no imbalance

Traders must focus on the corrective consolidation (pullback) on weekly chart

Copper | Focus on Corrective consolidation in weekly chart

By Trading Predator April 13th, 2017 No Comments

After making new highs in the beginning of this year, a correction is intact on copper. Traders should focus on this corrective consolidation (visible clearly in weekly chart) to capture the next impulsive movement when price action expands out of the range. The correction we see now is a result of earlier upswing from 1.900

Copper Price action trading higher after the news on Supply chain disruptions

Will the Breakout in Copper Sustain For Coming days ?

By Trading Predator December 15th, 2016 No Comments

Known as the stethoscope of Global economic measure, Dr. Copper saw good momentum on last few weeks. Prices rallied from 2.10 to 2.50 within a matter of five too six weeks. When we see from the perspective of Price action trading, (on weekly chart) Yearly low is at key level 2.00 (tested in the beginning

Expect A Price action trading setup in Copper MCX

Copper | Look for a Price Action Setup on the Range

By Trading Predator October 6th, 2016 No Comments

September was obviously a good month for Copper. The Industrial metal outperformed its counterpart commodities. Price action is driven by infrastructure requirements, especially the construction demands of china. China is a big motivator of Copper prices, the metal correlates with Chinese economy. From the perspective of MCX, copper trading around 329.15 to 321.00. There is