Copper( HG #F) buying the dips after Flat structure

Elliott Wave update Copper

Hello fellow traders. In this technical blog we’re going to present the past Elliott Wave charts of Copper (HG #F) published in members area of www.elliottwave-forecast.com . As our members know, we were pointing out that Copper is within bullish cycle from the December 23th low. Structure has been calling for more strength once ((x)) pull back completes as Expanded flat. We recommended our members to keep buying the dips in 3,7,11 swings. Before we take a look at the Copper (HG #F) Elliott … [Read more...]

Elliottwaves forecasting the decline in Copper ( $HG #F)

HG-blog-2

During the last days of July 2016 Copper Futures has been forming very interesting price patterns. Our Elliott Wave and Cycle analysis suggested the price has been correcting the decline from the 07/12 peak, looking for 2.233-2.260 area where sellers would be appear. Copper was proposed to reach the mentioned area and complete wave X red recovery there before the decline resumes in another leg lower. Wave Y red was expected to break below 07/27 low ( 2.1813). Next picture is $Copper … [Read more...]