Copper?

The below is a daily chart.

Signals happen BEFORE the bar opens and need a confirmation by breaking previous bar lows.

upload_2023-5-11_7-25-21.png
 
Selling any sharp rallies to continue long term downtrend. I really expect 2009 lows will break lower eventually, depending on chart patterns below lows will give clues of reversals.

Life is good.
 
kmiklas said:
Heya Folks,

I heard on BB that Copper is moving. I looked at the CPER index and, indeed, it's up a nice percent since Feb 01. A couple questions:

1. What moves the price of copper?
- Why the longer-term uptrend and recent pop?
2. What is the primary copper index?
- Typically I look to the London Metals Exchange for spot price on Gold and Silver. Does the same hold true for copper?
3. Anyone know the Interactive Brokers tickers for copper?
- The commodity intex
- I found CPER and JJC for ETFs

tyvm,
Keith
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I look @front month volume contract, mostly a sell, but contracts further are going up/ no wonder, long term copper trend is nice/up.
Even barchart.com noted can get a better price for cash copper.
But i sell some number 1 + 2 copper cash to some local dealers. NOt much.
I asked my favorite metals dealer if he thought copper was going up about 10%.He said yes + up + down LOL:D:D Great long term decades cash uptrend......MAY -18-2023 week
 
Handle123 said:
Lumber being at 503.50, foretells housing decline.

Those who flip houses stuck at highs and real estate prices be going to 2018 eventually. I smell bankruptcy.
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And real dumb idea ,tariffs on Canada lumber\those Canadian 2''x4s x8' helped keep US 2x4s[main house] lumber low priced.
Sold some cash copper today.
:D:DAmazing HI price for US cash copper coins 1776+/
 
Just think about it : Copper is the main metal of the electrification of transport and the stocks are really low right now...If I was a long term outright commodity investor, I would probably buy it.
 
maxinger said:
Copper futures is one of the best futures for day trading.

Ave day range is big (1.5%).
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And now the day range is even bigger at 3%.
And yesterday was at 5%.

It is the day trader's dream.


gold futures day range - only 1.5%.


Copper is the true / authentic / genuine red gold!
 
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