Copper Daily Chart Buying Opportunity

29. Aug. 2016

I'll be buying Copper based price action nearing a breakout of it's current triangle pattern and uptrend creating a long opportunity. Take profits will be at key support levels.
Good luck and happy trading!

8. Nov. 2016

Anmerkung

Two Take profits have been triggered

9. Nov. 2016

Anmerkung

Final profit taken, perfect trade.

24. Nov. 2016

Anmerkung

So my fundamental rationale for this trade was actually Donald Trump. Trump before he was elected kept talking about "Rebuilding America" and creating Jobs through infrastructure. Copper is an instrumental raw material when it comes to infrastructure. From electrical wire to piping it will be directly involved in Trump's infrastructure plans. Increased demand = higher prices.