Commodities portfolio: Copper - Buy at market, buy a new high

FX:COPPER   CFDs on Copper
We have a nice setup in Copper             , which already triggered off higher timeframes. The target on chart is the one forecasted in this way. This setup is valid until February 2017, if price doesn't retrace below 2.11. You can enter at market with stops there for the long term position, but you can also take a swing trade setup here, buying a half position at market open, and adding on a break above Friday's session high. Stop for all swing positions is Friday's session low.

Good luck,

Ivan Labrie.
Trade active: Explosive start, boom.
Comment: Hold this one, set an alert for CCI (11 periods) when it hits +100 start trailing stops to the last 3 day low.
Comment: I'm flat, I'll be buying back in once we have evidence of commercials going long ideally.
Trade active: Long here, stop 2.064
Good luck gentlemen.
Comment: Last: 2.106
On this one. Got wiped out by the flash crash but got a small account with only 1 trade.. Copper
IvanLabrie RJHumphries
Yikes, GBPUSD?

Copper long is interesting for sure. It's still valid so we need to wait and trail stops as I indicate above.

Good luck.
RJHumphries IvanLabrie
I have a feeling we might have just seen the bottom of this little correction... Kissed the halfway line of the trending range of the last year or so...
IvanLabrie RJHumphries
I think so. I'm long with a small position from earlier.
RJHumphries IvanLabrie
Could always be wrong though! What's your thoughts? China is not buying thus the price is staying low??
+1 Reply
IvanLabrie RJHumphries
Commercials are keeping prices low. China GDP figures came fine, and we have potential for bullish commodities again, on the back of gold and crude.
I'm buying when we see strength here, for now, safer to wait. I'm flat again.
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