Careful Traders — Copper Price Maybe Overheating

The Daily View for Copper

  • At the time of this writing, HG1’s price is down $-0.18 (-3.73%) from the day prior.
  • This move is a reversal from the day prior, which saw price move up.
  • As for the trend on the daily timeframe, we see the clearest trend on the 50 day timeframe.
  • The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
  • Divergence between HG1’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in HG1’s price.

Below is a daily price chart of Copper.


Featured Copper Idea From TradingView

Below is a trading comment entitled TSLA – The Porsche 996 / Next week’s EPS Calendar you may find interesting:

A Boxster clone – Elon is enjoying Crude Oil on the 84.10 Handle as it’s prior price Objective was 84.11 – it stopped at 84.01.88s…. on the way.TSLA zillionaires are clearly on the Hunt for Mo’ Money.TSLA Traded its highs to highs extension perfectly.The question now is, will it Ballon and Bloviate Up, to 996.Thankfully only 5% of our Puts are in the trade for DEC, they are rather negativeat present. Now we’ll need to adjust for $1000 – a Split Adjusted ATH at wellover $5,000.00.It’s good to Elon, Thankfully Dr. Bury’s nightmare ended. He must be wonderinghow on earth this happened. Us too, Michael, we as well.The Greatest Show on Earth continues, congrats to Tesla HODLers.Tesla added – $1 Trillion to its MARKET CAP – Tesla has been worth morethen all other Car Manufacturers on the Planet combined by a Wide Marginfor some time now.Protected Entity getting all the $ it needs.______________________________________________________________________EPS for Next Week:MondayTWOU2U IncTime Not Supplied-0.25–BGFVBig 5 Sporting Goods CorpTime Not Supplied1.13–AXTAAxalta Coating Systems LtdAfter Market Close0.34–AUBAtlantic Union Bankshares CorpBefore Market Open0.78–AMKRAmkor Technology IncAfter Market Close—ARIApollo Commercial Real Estate Finance IncAfter Market Close0.36–PKGPackaging Corp of AmericaAfter Market Close2.34–ACCAmerican Campus Communities IncAfter Market Close-0.1–AREAlexandria Real Estate Equities IncAfter Market Close0.62–AGNCAGNC Investment CorpAfter Market Close0.65–AJRDAerojet Rocketdyne Holdings IncTime Not Supplied0.47–AMGAffiliated Managers Group 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