Olu
Long

Copper: Looking For A Strong Move Up In This Bullish Idea.

FX:COPPER   Copper
110 2 4
Comments on the chart. Quite wordy writeup so please bear with me. If 2.070 is taken out this idea is to be ditched
Comment: Forgot to add that the stochastics has just turned up from the lows and there is a lot of room to the upside.
Comment: Price went nowhere today so idea still stands
Comment: Price is moving up and is building on the last weekly bullish candle. Idea is still in play
Comment: After all is said and done price put in another bullish weekly candle. So the idea is still on
Comment: Every fall in price so far has been bought. A breakout might be in the air. Money is being pumped into the markets at the moment. The stock markets are going up, gold going down , commodities are going up and $ is stagnant. We could get our breakout
Comment: Tightened my stop too much on this one and I have been stopped out. Still looking higher though. However the lack of 'oomph' in the upmove is concerning. A 3rd wave move is usually very strong
Comment: Was right on this one to be cautious. Price could just not muster a good move up. I am allowing the upmove to still happen if 2.070 (low of (2)) is not taken out. But the idea is on its last legs. I am thinking aloud here...If I see some strength on monday I could go long against the above mentioned low...
Thanks Olu..
Reply
Olu piptamil
No problem man. Let's see how it plays out
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