Auf geht's
Olu

Copper: Some upsude might be in the works

Long
Copper Futures (Mar 2016) (COMEX:HGH2016)  
Olu Aktualisiert   
COMEX:HGH2016   Copper Futures (Mar 2016)
5
1
Comments on the chart
Kommentar:
price gapped above resistance (basis 1H chart) on the open. Looking good...
Kommentar:
Price got up to 2.082 today and then fell hard to 2.056 where it stands right now. The bullish case is still intact imho. We'll see what happens when there is full market participation
Kommentar:
Copper is behaving as expected. The 'right shoulder' is holding. What I would like to see now are some big candles to the upside. A close above 2.140 will confirm the inverse H&S and then the world will pile into it which could push it up to its 2.315 target
Kommentar:
More upside today. This could breakout tomorrow. If you are not already in the trade I would advice not to just jump in here. As price is nearing the neckline thing can become dicey. A safer entry might be after a close above the neckline.
Kommentar:
some downside seen today as price closed in on the neckline. I did warn that this might happen
Kommentar:
Breakout + target almost reached before pullback
Haftungsausschluss

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