Tag Archives: copper

Australia 200 – Weekly Outlook

In this post, I take a look at the relationship between the charts of the index, copper and BHP  and discuss the potential impact of some of the data releases for the rest of the week.

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Copper Triangle

Copper broke below the triangle support line triggering entry on the sell strategy I discussed in a post last Friday 1 March. No warm inner glow of anticipation from a big initial move here. At this stage, the market is hanging … Continue reading

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Copper – Sell on break below triangle support

Copper’s steep decline over the past 2 weeks has brought it to a critical level. A clear move below trend line support here would mean a break out of a well established triangle. Weakness in the Asian session today puts a break during the London … Continue reading

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Copper at resistance

I posted details of a buy set up in copper when it was testing triangle support back on 19 November. It’s taken a while but, the red metal last night arrived at the resistance line on the upper side of the triangle. … Continue reading

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BHP – The Big Picture

The world’s largest listed mining company has turned a corner. Better global growth prospects have investors contemplating their exposures. Dividend yielding stocks are at the heart of many re-built portfolios,and despite recent rises in share prices still make a sound … Continue reading

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Copper Clears Overbought

Many traders watch copper as an indicator of industrial sentiment, informing their trading of “risk” assets generally, and particularly resource and industrial shares, commodity currencies (eg AUD, CAD) and oil. Copper started an uptrend on 21 December, peaking on the … Continue reading

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Copper at support

Housing starts have averaged 761,000pa in the US over the past 6 months. That’s up a healthy 24% on the 612,000 starts in 2011. New dwellings are a major source of demand for copper and with China’s economic growth showing signs forming a base around current levels, the … Continue reading

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Copper Leads

Traders watch copper closely – it can be a good leading indicator of global industrial and commodity sentiment. A trade signal in Friday’s trading on the daily chart could be important not just for copper markets, but for resource stocks … Continue reading

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Oil and Copper – Buy Shares

Oil and copper are two key industrial inputs. Additionally, the growing presence of investors in commodity markets mean that they are a leading indicator of global sentiment around industrial production. At the moment they’re both saying the same thing – … Continue reading

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Copper Tells the Tale

Europe is once again dominating the headlines. The possibility that a new Greek government may reject the reform program required for financial support requires markets to increase the risk premium in prices – selling all risk assets. Is this likely to continue? … Continue reading

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