Commodities portfolio: Long XAGUSD - Bottomed at Brexit support
Updated
It appears like we can rebuy precious metals next week, which makes a lot of sense considering China is coming back on line after a week of public holidays.
The support level held, where the rapid ascent that happened during the Brexit referendum took place, so I see this as a low risk opportunity to get long on a breakout of last session's high.
Risk a new daily low here.
Good luck!
Ivan Labrie.
The support level held, where the rapid ascent that happened during the Brexit referendum took place, so I see this as a low risk opportunity to get long on a breakout of last session's high.
Risk a new daily low here.
Good luck!
Ivan Labrie.
Trade active
Trade closed manually
I don't like the action here I'm getting out and holding CEF longs for now.Trade active
Moving back above resistance now.Trade closed manually
The reaction to the current situation shows lack of interest in metals, I'm closing for a modest 0.22% profit in gold and silver.Note
Good I reentered right before the action started, I saved myself some cost in rollover.Note
And, yes, I was spot on about the turn here...hope my followers caught the trade.
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