Copper
EMX is a good play for copperUsing the Jake Bernstein MAC method, you could have bought at the bottom of the channel today and sold at the top of the channel. EMX Royalty is a nice way to play the bullish copper market. This plot is using the Rob Hoffman MSR and stochastic spike indicators. The latest stochastic spike suggests a pullback tomorrow and one could buy below the support of the channel.
CCW.V Acquires 39,200 Hectares of EV Properties in ON and QCCCW has acquired nickel and copper properties to add to its flagship Cobalt, ON property that has been delivering bonanza silver and cobalt intercepts. Bullish Engulfing candle and pickup in accumulation make for a nice chart setup.
---
COQUITLAM, BC, Feb. 16, 2021 /CNW/ - Canada Silver Cobalt Works Inc. (TSXV: CCW) (OTC: CCWOF) (Frankfurt: 4T9B) (the "Company" or "Canada Silver Cobalt") is pleased to announce the acquisition of 39,200 hectares of EV properties in Quebec and Ontario. It is Canada Silver Cobalt's intention to transfer the properties, in exchange for shares, to another public company to be identified by the Company, in order to capitalize on the current EV market, and to distribute the shares by way of dividend to Canada Silver Cobalt's shareholders.
These properties have a strong potential to host a variety of base metals including nickel, copper and cobalt. This strategic move is for structural organization purposes to add to our current cobalt mineralization discoveries in the Cobalt Camp and as an expedient approach to the increasing demand for EV battery input materials. Canada Silver Cobalt's main focus will remain on its High-Grade silver discovery at the Robinson Zone with drill core silver grades of 89,000 grams per tonne (January 29, 2021 CCW Press release).
TBXUpdate TBX. For me it´s a buy and hold. You could also trade the gapclose or take some profits at this point. Gold/Silver/Copper exploration.
COPPER (XCU/USD) – Week 6 –Consolidation not over yet.Copper price moved sideways for the whole trading week, as we predicted in our past analysis.
For this week we are expecting the bearish corrective move to finish with a high chance that we will test the support area and the lower channel line highlighted on the chart. Once this move is completed, our long-term bias for this pair will be bullish.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Copper is approaching support, potential bounce Price is facing bullish pressure from our first support, in line with our horizontal pullback support, 38.2% fibonacci retracement and 61.8% fibonacci extension where we could see a further upside above this level. Ichimoku cloud and 20 EMA are showing signs of bullish pressure as well.
Copper is facing bullish pressure Price is facing bullish pressure from our first support, in line with our horizontal pullback support, 38.2% fibonacci retracement and 78.6% fibonacci extension where we could see a further upside above this level. Ichimoku cloud and 20 EMA are showing signs of bullish pressure as well.
Turmalina Metals Corp.TBX is a great exploration play.
We should see a Gapclose soon.
If we pullback or just move forward we will have to see.
Copper is facing bullish pressure, potential for further upside
Price is facing bullish pressure from our first support, in line with our horizontal pullback support, 23.6% fibonacci retracement where we could see a further upside above this level. Ichimoku cloud and 20 EMA are showing signs of bullish pressure as well.
Copper is testing resistance, potential reversal Price is approaching our first resistance, in line with our horizontal swing high resistance, 127.2% fibonacci extension and 76.4% fibonacci retracement where we could see a reversal below this level to our first support target. Stochastic is testing resistance as well, where we could see a reversal below this level.
COPPER (XCU/USD) – Week 5 – Correction knocking on the door.Copper price moved sideways for the whole trading week, as we forecasted in our past analysis. As we broke out of the previous trendline, we anticipate for this week that the consolidation will continue to the support area highlighted on the chart. Once this move is completed, we will likely see the top brake once more.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Copper is approaching resistance, potential reversal
Price is approaching our first resistance, in line with our horizontal swing high resistance, 78.6% fibonacci extension and 78.6% fibonacci retracement where we could see a reversal below this level to our first support target. Stochastic is testing resistance as well, where we could see a reversal below this level.
Copper is approaching resistance, potential reversal Price is facing bearish pressure from our first resistance, in line with our horizontal swing high resistance, 78.6% fibonacci extension and 78.6% fibonacci retracement where we could see a reversal below this level to our first support target. Stochastic is testing resistance as well, where we could see a reversal below this level.
Copper Long SetupCopper Long Setup
Entry: $3.4989
TP & RR: $3.6094 (3.47)
Stop Loss: $3.4671
REASONS FOR THE TRADE
Opening a long order at a support level. As simple as that. The Stop Loss is set below the previous low and the Take Profit is at the lower trendline from the triangle that we broke down from. The market Flow indicator is printing a divergence on the 4h chart, so I believe the price should start trending up. I will be quick to trial the stop loss if the price indeed goes up. This is one of those trades that can go wrong very quickly and I don't want to give up profits.
Copper is facing bearish pressure, potential reversalPrice is facing bearish pressure from our first resistance, in line with our horizontal pullback resistance and 61.8% fibonacci retracement where we could see a reversal below this level to our first support target. Ichimoku cloud and EMA are showing bearish pressure as well in line with our bearish bias.
Copper is heading to a new ATHFundamentally, COMEX:HG1! has a potential with the new green economy and its new applications. China was the dominant consumer of it but in the next term, not a country or countries but a sector, including EVs, will dominate the market and prices.
This is a long term prediction. I think current supply CAPEX is not enough for the next term. Thus, we can expect further real price increases in the next term.
The chart is based on Wyckoffian method. I think this is a re-accumulation phase. The next step will be the sign of strength.
Copper is facing bearish pressure, potential reversalPrice is facing bearish pressure from our first resistance, in line with our 100% Fibonacci extension and 76.4% fibonacci retracement where we could see a reversal below this level to our first support target. Stochastic is approaching resistance as well, in line with our bearish bias.