I'll be buying Copper based price action nearing a breakout of it's current triangle pattern and uptrend creating a long opportunity. Take profits will be at key support levels.
Good luck and happy trading!
Two Take profits have been triggered
Final profit taken, perfect trade.
So my fundamental rationale for this trade was actually Donald Trump. Trump before he was elected kept talking about "Rebuilding America" and creating Jobs through infrastructure. Copper is an instrumental raw material when it comes to infrastructure. From electrical wire to piping it will be directly involved in Trump's infrastructure plans. Increased demand = higher prices.