capsule91
Short

copper to resume downtrend

COMEX:HG1!   Copper Futures
complete loss of demand after upthrust, this was essentially a redistribution and currently in markdown
will retest broken down levels before resuming downtrend..
also watchout for a upthrust to 2.6070 test and then accelerate breakdown..
Comment: more trade possible
Comment: "also watchout for a upthrust to 2.6070 test and then accelerate breakdown.."

played out well so far
Trade closed: target reached: completed swing long

Comment: very interesting development in copper technically....
it failed to continue the downtrend as of now, didnt form the 3rd lower box of the trend but shifted a box higher... if the price action , takes support from the present box, a good long trade can be planned tomorrow or day after

Comments

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