Lanmar
Long

Copper: 1hr/Daily

FX:COPPER   CFDs on Copper
60 Min:
1) Bullish Rectangle
2) Double bottom possibility

Daily:
1) Bottom of the wedge /resting on it
2) Bullish Advanced Formation
3) Plenty of push back at this exact level as shown in the purple rectangle

Dollar ran quiet a bit quickly - maybe it needs to correct a bit, which is positive for copper . Metals sitting at structure support . Should there be a break in the copper pennant and 1300 on gold ... I'll continue my intermediate bearish bias on the metals as a whole. But for now bids should be coming in.
Comment: Daily Breakout. Trailing stops on this position. Target is the upper bound of the pennant.
Trade closed: target reached: Took some money off the table today at 2.194. Willing to re-enter at 2.167

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out