ian Cooper

Only private elite here!! I will mainly talk about crypto market, price action analysis etc. ONLY FOR A FEW PEOPLE MAIN ACCOUNT @icoopertrades

[ian cooper @icooperTrades]

#Palladium is down 4% today. The important level to watch now is the 1275-1310 zone. If it loses that zone then 1160 becomes likely.
Whilst is can hold 1275, there isn't a real change on the chart. 1275-1400 continues to be the trading range.
#metals #trading

[ian cooper @icooperTrades]

#Coffee had a drop early today but has recovered most of the intra day losses now. I was planning to add t my long at $281 but unfortunately it stopped a few cent short of that so no change in my position (that area is still my add area if it drops again).
This is a reversal candle (not a bottoming tail) so this could be a start of the bounce back to $300 which is now resistance.
#trading

[ian Cooper @icoopertrader]

@Serenium2209 DM me

[ian cooper @icooperTrades]

The #stockmarket is getting a small bounce overnight with the $7628 level on the #SP500 futures ($ES_F) giving the bounce.
If that area was lost on the ES then it could start a much bigger drop. But for now, that isn't my base case.
The #Nasdaq futures continue to hover in the middle of the range and continues to do very little.
$SPY $QQQ #trading

[ian cooper @icooperTrades]

#Gold is up slightly overnight but no real change on the chart. This continues to be one I am just watching and waiting.
#metals #trading

[ian cooper @icooperTrades]

#Oil futures peaked overnight just under $98 and have pulled back a little from then. I never trust a move until NY opens so I won't get too excited either way until then.
On any pull back, $92 is support.
Push up higher and $100 provides some resistance but $104.60 is the bigger level and my add level.
#USoil #crude #trading

[ian cooper @icooperTrades]

#Oil futures have opened up 1.2% and are now at $97. They didn't close above the $96 level yesterday so would need to close and confirm still to be a break up.
This will continue to be a news driven and volatile asset so let's see what tomorrow brings.
#USoil #crude #WTI #trading

[ian cooper @icooperTrades]

The escalation with Iran has scared markets and #gold is getting a bounce off the back of it. Up 1.6% today but this is still a WEAK move. All levels and plans remain the same but I am definitely NOT FOMOing into a long here.
#metals #trading

[ian cooper @icooperTrades]

The #stockmakret is down again today (only by a small amount) as the war with Iran hangs over the markets. $7620 is still support on the #SP500 if it gets there.
#Nasdaq #trading

[ian cooper @icooperTrades]

#Bitcoin is up 1% overnight and still holding the yellow support zone. I still think $82700 is likely and I am still looking to take profits and short there. BUT this is NOT a blind limit order. It is conditional and I have posted recently about the lower time frames I watch to decide.
bitcoin:native #crypto #trading.

[ian cooper @icooperTrades]

A late day sell off on the #stockmarket as #oil spiked after the US hit 2 Iranian tankers.
The #SP500 has closed down 0.6% and the #Nasdaq down 0.2%.
On the SP500, $7620 remains the key support and above, 7820 is resistance.
On the Nasdaq, the range remains the same. The blue lines are the first major support/resistance with the white lines after that.
#trading

[ian cooper @icooperTrades]

The UK #stockmarket, the #FTSE100 was flat today and is still trading in the ascending wedge pattern. It is slowly approaching the apex of the wedge and will have to break one way or the other in the next month or so. Any touch of the top yellow line looks a good short now with negative divergences likely formed on the daily RSI.
#trading $UKX

[ian cooper @icooperTrades]

#Copper is pushing up today and looks to be breaking above $6.72. If it does, it likely takes out the high. And at that point, I would want it to take out $7 as well. If it does reach $7 I will add to my short.
Assuming that happens, I would be looking for a pull back to $6.72 first and would take some of the position back off the table there. This would bring my position size back down and give me more flexibility. I would then leave the rest of the position for lower. Probably for around $6.40.
#metals #trading

[ian cooper @icooperTrades]

Good evening all. With it being such a quiet day I thought it was a time to look at some historical data. Most people who follow me know that I am looking to start an #oil short if it pushes a bit higher.
It seems people are split 50-50 on whether this is a good idea or crazy.
Many of you see the fundamentals pushing oil well above $100 and think the long is the better trade.
That is entirely possible and I can be wrong on any trade. And if you had told me 2 months ago that Hormuz would have been closed for 2 months I would have though oil was well north of $100 too. BUT it's NOT.
And so far every time oil has spiked above $100 I have shorted and so far it has worked well.
My chart below is the oil futures front month weekly chart. And since 1984 oil has only had weekly closes above $100 around 120 times out of over 2000 weeks. That's about 5% of the time.
It has only had 14 weeks closing above $120 since 1984 which is 0.7% of the time.
And it has NEVER closed above $150.

So could this time be different? Yes.
Do I want to play the odds to the short side? Yes.
#crude #USoil #trading

[ian cooper @icooperTrades]

The #stockmarket is closed today but the futures are open. The $ES_F and $NQ are both flat and very quiet as expected.
On days like this I don't take any trades and I don't waste time staring at the computer.
I will post a few more charts now but then leave it until tomorrow.
#SP500 #Nasdaq #trading

[ian cooper @icooperTrades]

#Bitcoin is down 1.6% today but there's no change from my post this morning.
It is still holding above the support zone so I remain slightly bullish overall.
bitcoin:native #crypto #trading

[ian cooper @icooperTrades]

#NatGas is down 1.4% overnight but there's no change on the chart. $285 is now support and $3.08 is resistance.
I remain long but will take some/all the position off at $3.08.
#NaturalGas $UNG #trading

[ian cooper @icooperTrades]

The #SP500 futures ( $ES_F) is flat overnight. $7628 remains the major support and with 7734 some local resistance that it is now at. If it can get above here (I think it probably will) then it likely makes a new high.
The #Nasdaq futures ( $NQ) are up 0.3% and continue to trade near the middle of the range. I remain neutral on this from a chart perspective, but slightly bullish overall due to my bias on the SP500.
#stockmarket #trading

[ian cooper @icooperTrades]

Is today a holiday in the US?
I must have missed that.
Assuming it is, it could be a quiet day.
If thats the case, I simply turn off the computer and do something else. But let's see.

[ian cooper @icooperTrades]

I posted yesterday about #spaceX saying IF it closed above 150 and then CONFIRMED it would be bullish.
BUT it pulled back before the end of the day to close just below and that level continues to be resistance today.
$125 would be my buy level on a pull back.
No shorts really interest me around here.
$SPCX #nasdaq #trading