IceTrading
Long

COPPER Long Term Buying Opportunity

FX:COPPER   Copper
This trade technically constitutes as calling a bottom (which I don't particularly like to do), although I have a few good reasons why I'll be taking this long trade. First and foremost, Copper             is currently tuning away from the bottom of it's long term curved downtrend channel. Secondly, last week's candle was a fairly large hammer. Thirdly, Squeeze momentum is as oversold as it's ever been. The final reason is that over time, Copper             has consistently gone through fairly rigid periods of increase and decrease. These periods range from about 100-150 days. Copper             is nearing the end of it's current period of decline. A combination of reasons I have listed above describe why I will be long in Copper             until approximately January 2016. Leave your thoughts, comments and a like if this was helpful in any way to you. Happy Trading!

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aibek
a year ago
Hello! Nice chart! Same view! Best!

snapshot
+1 Reply
aibek aibek
a year ago
Crude oil leads the game up!
+1 Reply
IceTrading PRO aibek
a year ago
Great TA! Best of Luck!
Reply
YungFinance
a year ago
Outstanding
+1 Reply
Great call!
+1 Reply
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