Category Archives: Copper

Elliott Wave analysis of Copper

“The finest workers in stone are not copper or steel tools, but the gentle touches of air and water working at their leisure with a liberal allowance of time.” – Henry David Thoreau I can amend the above quote a … Continue reading

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Commodities call

You have all heard the news. Commodities rebounded from the biggest drop in almost two weeks after Goldman Sachs Group Inc. advised investors to return to raw materials….When Goldman Sachs analysts made their call yesterday, many commodities traders must have … Continue reading

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Posted in Copper, Oil | Tagged , | 13 Comments

Copper: Edging closer to top.

On 2nd December I pointed out that we are in the 5th of the Fifth wave in Copper and that we are likley to see the peak between 417 and 448. There is no change in that outlook for Copper. … Continue reading

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Copper: short term outlook

On 2nd December I had presented elliott wave analysis suggesting that Copper futures would meet some resistance around 417, and hence buying some out-of-the-money puts near there might be an interesting trade idea. Surprise, today Reuters is reporting on copper … Continue reading

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Copper futures outlook

Copper is making a 3-week high as base metals are rallying. Firmer global equity market and supportive economic data are cited for this move. Some are speaking of a looming deficit in copper supplies, expected to push prices to record … Continue reading

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Posted in Copper | Tagged , | 9 Comments