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Thread: copper commodity channel

  1. #1

    Default copper commodity channel

    Copper challenged the boundary of my long holding commodity but fell back some. still below the 200 weekly.....some hope for a relief rally? Good for the PMs too.

  2. #2


    Copper gold ratio did also break channel

  3. #3

    Default Copper on 200 week MA...

    Last edited by ruthenium; 08-04-2022 at 08:32 PM.

  4. #4

    Default Copper grinds higher....although slowing

  5. #5

    Default copper resumes downtrend..

    fell out of bed. new low next week? 3 dollar copper?

  6. #6

    Default breaking up and out of channel for the moment

    ACTUALLY, the minor trend and the larger longer term from MAY.

    rising volume too after trend reversal from June 2 local bottom
    Last edited by ruthenium; 09-08-2022 at 09:42 PM.

  7. #7


    “The Federal Reserve is not currently forecasting a recession.”
    Fed Chairman Ben Bernanke, January 2008
    This is no longer posted in the Fed Minutes of January 2008, but still quoted here - The FOMC minutes still quote MR. Reifschneider. as stating the same thing.

  8. #8



    Yes it has been clawing up since July. Just not enough to keep the miners afloat with rising energy costs. The metal went up more than many miners. Maybe we get a pull back on the FED speak or Friday. I trade some miners for the blips. I don't have any out of EU, RECENT on this blip BHP, SCCO,RIO,ERO. I wish I had bought more BHP, but energy prices and china had me on edge. RIO got swacked for buying TRQ....that one makes me nervous because TRQ sits right between russia and china. Which would be a good thing since there would be energy, water, and close proximity to the customer...maybe TOO close in that case.

    Anyway, it is a traders market here for copper an platinum....still looking for the main event but it has to be close to the china is a buyer for Pt lately and everyone will be wanting these on the road to recovery....with a 5 month lead time on the bottom I assume. So if the fed rate peak is in May of next year... I am on time otherwise I could be early. If I am late I can always average up.

    Copper still looks like it could roll over for another bottom once the mainstream media sells the slowdown in the economy here. Then maybe the dollar weakens too and supports prices. I think energy prices will pick up again in Mid October.
    Last edited by ruthenium; 09-12-2022 at 03:49 PM.

  9. #9

    Default right on the weekly purple line.
    given that it will be a friday....and full of fed speak...hopfully 338 or 330 holds.

  10. #10

    Default DXY surges to 114.5 and copper at 330.
    325 next then 315 if DXY goes to 119.9

    Hong Kong coming off lock downs.....could support copper. If china wakes up. I see a little Pt bounce after the trouncing. Nothing for copper yet.

    But the copper gold ratio is rising still.....
    Last edited by ruthenium; 09-25-2022 at 09:28 PM. Reason: typ;os and title.

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