Results 1 to 4 of 4

Copper Analysis 2012-08-23

| General - Let's talk business
  1. #1
    jbravo54 started this thread.
    SMF Badges of Honor

    Member since
    Jan 2012
    Location
    NJ
    Posts
    157
    Thanks
    55
    Thanked 146 Times in 63 Posts

    Copper Analysis 2012-08-23



    Here is a technical lesson. The candle or bar I have circled is called a Doji, almost a Tombstone Doji. What is it? Most of the bars are either Red or White. Red means it closed lower than it opened and the opposite for White ones. Red means bad day, and White means good day. Doji's open and close at the same general price. The price today opened, rose, and came back down. She tried to rise but could not hold it, and fell.



    Overall copper is chopping nowheres. Little up and a little down. You could say she is winding up for something big. When its going to happen and which direction is what we all are wondering. I still think she is going to sink like a stone, but that is just my opinion. I don't want it to, but I don't like what I see and hear out there in the real world.

    Happy Scrapping.
    "Easy does it, first things first, do what you can. Believe me, I too have been through the wringer." Bill W.


  2. #2
    jbravo54 started this thread.
    SMF Badges of Honor

    Member since
    Jan 2012
    Location
    NJ
    Posts
    157
    Thanks
    55
    Thanked 146 Times in 63 Posts
    Also, a doji may represent a change in direction. At this point we could move back down again, hit support, bounce up again? Or finally break support, and bombs away.

    Which direction do you think its going to go?

  3. #3
    SMF Badges of Honor


    Member since
    Nov 2011
    Location
    boise, ID
    Posts
    1,605
    Thanks
    469
    Thanked 1,462 Times in 668 Posts
    With the copper ETF's holding physical copper, I would think they would provide a floor around the current price.

  4. #4
    RustyDollars's Avatar
    SMF Badges of Honor

    Member since
    Jan 2012
    Location
    Central Wis
    Posts
    426
    Thanks
    438
    Thanked 533 Times in 213 Posts
    Shhh <speaking in hushed voice> Copper is trading at a 60 day high today. Maybe our stockpiling is going to pay off.

    Kitco - Spot Copper Historical Charts and Graphs - Copper charts - Industrial metals
    If it wasn't for the $ in $crap, it would just be.....


  5. Similar threads on the Scrap Metal Forum

    1. Copper Analysis 2012-12-01
      By jbravo54 in forum General - Let's talk business
      Replies: 3
      Last Post: 12-02-2012, 01:58 AM
    2. Copper Analysis 2012-07-21
      By jbravo54 in forum General - Let's talk business
      Replies: 1
      Last Post: 07-27-2012, 05:52 AM
    3. Copper Analysis 2012-05-17
      By jbravo54 in forum General - Let's talk business
      Replies: 4
      Last Post: 05-18-2012, 12:16 AM
    4. Copper Analysis 2012-04-26
      By jbravo54 in forum General - Let's talk business
      Replies: 12
      Last Post: 04-27-2012, 01:26 AM
    5. Copper Analysis 2012-04-19
      By jbravo54 in forum General - Let's talk business
      Replies: 2
      Last Post: 04-20-2012, 05:46 AM

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

 
Browse the Most Recent Threads
On SMF In THIS CATEGORY.





OR

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

The Scrap Metal Forum

    The Scrap Metal Forum is the #1 scrap metal recycling community in the world. Here we talk about the scrap metal business, making money, where we connect with other scrappers, scrap yards and more.

SMF on Facebook and Twitter

Twitter Facebook