DR COPPER – Red Metal Pulse of Global Economy…

 

ATA Continuation…

22.04.2013 – DR COPPER PREDICTIONS…

&

11.01.2016 – DR COPPER – ATA MIND OVER MARKETS VICTORY …

with

13.03.2018 – KGHM – MARKET VERDUN…

 

Copper  back  Today on ATA Research Radar 

 

ATA Following …

12.01.2019 –  GLOBAL EQUITIES PATHFINDER – DJIA Year after the Peak…

17.01.2019 –  YEN – RISK OFF REVENGE…

17.01.2019 –  SWISS FRANC – NO RISK OFF REVENGE…

10.03.2019 –  EUR/USD – Super Mario – Super Dove…

17.03.2019 –  UK POUND – SECULAR HORIZON… beyond BREXIT…

31.03.2019 –  DXY – F/X MARATHON ELITE…

1.04.2019  –  US 10Y BOND YIELD – NO MEGA SAFE ESCAPE…

28.04.2019 –  OIL – WASHINGTON vs TEHRAN CLASH…

30.04.2019 – PHLX Housing Sector Index in Slowing Shadow…

3.05.2019 – PHLX Gold/Silver Sector Index – F/X Anti USD & Save Haven Pathfinder…

 

DR COPPER – Red Metal Pulse of Global Economy…

 

Copper

 

COPPER  SECULAR  SITUATION 

ATA MARKET MODEL  IN LONG TERM ACTION  

 

First…Market Motives :

US & Global Slowdown or Recession Mainstream Projections 

vs

US GDP Annualised (Q/Q) Q1 3.2%

(exp 2.3%; prev 2.2%)

&

FED Policy & Powell Speeches 

Interest Rate Unchanged – Target Range stands at 2.25-2.50%

US Economy Supported by ‘Solid Fundamentals’ 

Healthy GDP Growth Expected for Rest of 2019

Patient Stance on Policy

vs

US other Verbal Strikes on FED Policy 

like

White House Advisor Kudlow Verbal Strike – FED is Looking at Rate Cuts

&

Vice President Pence Verbal Strike – Is Not Time for Rate Hikes, maybe Time to consider Cut Rates

with

DJIA still Testing  All Time Highs Zone from 2018

&

US 10Y BOND YIELD –  Wave Up after Down Correction – Key Level 2.50%

USD vs EURO still Fighting – Now in Key Level 1.12 

vs

PHLX Gold/Silver Sector Index –  No New Low on Present Down Trend

Last Low – 09.2018  in  Psychological Key Level Zone  60 ( Min 60.59 )

 

 

Second…Market Technical Patterns :

Monthly View 

first of all

still under  Secular Horizon Top Zone  2008 – 2011 Years 

4.00 – 4.50 USD  Zone 

vs

still above Secular Horizon Top Zone  1988 – 1994 Years 

1.50 – 1.30 USD Zone 

&

Lehman Low  12.2018 

1.25- 1.40 USD Zone 

with

Present Forming  H&S Pattern

Neck Line – Key Level 2.70 USD 

August 2018 – January 2019 Low Zone 2.58 – 2.55 USD 

with

Risk of Potential Wave Down Targets

First

November 2015 – September 2016 Low Zone

with

Psychological Key Level 2.00 USD 

or even

Second

Secular Horizon Top Zone  1988 – 1994 Years 

1.50 – 1.30 USD Zone 

of course

H&S Pattern must be first of all  activated 

by

Break down Neck line – Key Level 2.70 USD 

 

MACD Monthly 

still Active Sell Signal  

 

 

ATA Investment Conclusion

Investors should consider  Global RISK OFF Scenario 

with

Activated H&S Pattern 

by

Break down Neck line – Key Level 2.70 USD 

entitled

” WINTER IS COMMING ” 

like in

PHLX Gold/Silver Sector Index 

 

for Now  Bear Wave  dominates

with

Probability of  Test  H&S Neck Line 

Key Level 2.70 USD 

so

Special Focus on

Copper  Smart Money Battlefield  

3.00  vs  2.70 USD 

SM Reaction on 

EOM – Key Month May

 

always remember

Chart is More Important than 1000 Words…

&

Most Important s Final Smart money Reaction…

EOM – Key Month May

 

 

Copper Comex Monthly & Weekly Charts :

22.04.2013

Copper 2013 - 1

Copper 2013 - 2

11.01.2016

Copper 2016

3.05.2019

Copper - M - Line - log

Copper - M - log

Copper - M - log - Focus

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