Tag Archives: Copper

A.M. look 6/18/21

Yesterday saw what happens to fundamental traders that know where the market is supposed to be. They were massively rinsed because they do not use stops. Their stop is when a PM taps them out. Soybeans and Wheat Put in … Continue reading

A.M. Look 6/11/21

Energy looks to extend. Software companies had lots of positive patterns yesterday. Copper will need to maintain above its 50 DMA to stay positive. It’s Friday. Index traders should look for an early flow and then another wiggle very late … Continue reading

A.M.. Look 6/4/21

Gold…last night’s low @ its 50 WMA is a descent hold #. 1873.20 is the weekly ORL # where Gold has been hovering around waiting for payrolls. Crypto is down which is generally supportive Gold. Copper is above its weekly … Continue reading

Daily Market Intelligence 6/4/21

Daily Market Intelligence 6:4:21

A.M. Look 6/3/21

The selling started in London. DAX & FTSE have elected their daily ORL sell stops and are now into initial support. Spoo…short term averages come in from 4177-72. 4150 print is needed for a reversal on the 100X3, which would … Continue reading

A.M. Look 5/27/21

Pounds have a positive pattern, however GBP/JPY will need to sustain above 154.90, oscillator resistance, to confirm. Spoos…4175-79 is the level needed to penetrate for downside. 4175 is the reversal # on the 50X3. Spoo/Bond had room yesterday to the … Continue reading

Daily Market Intelligence 5/27/21

Short Form tonight. More rotation. Spoo stuck in a 20 point range. Copper miners are trying to bottom. Angelo picked up on MP which was great scoop right after the opening. Yra commented on my technical post in response to … Continue reading

A.M. Look 5/24/21

Nothing stands out this A.M. Instruments seem rangebound in need of setting up for another move. Crypto is trying to find footing. BTC…31,732 200 DMA Gold…waiting and hoping for a chance to reload on a break into the 1840’s. Be … Continue reading

Daily Market Intelligence 5/24/21

Daily Market Intelligence 5:24:21

A.M. Look 5/21/21

Spoo/Bond daily cloud reinforces the notion that we’re in a consolidation phase the can last a month before something gives. Price action is going sideways, which looks like a time correction, waiting for the cloud. Gold is gaining on Copper. … Continue reading