60 Min:
1) Bullish Rectangle
2) Double bottom possibility
Daily:
1) Bottom of the wedge/resting on it
2) Bullish Advanced Formation
3) Plenty of push back at this exact level as shown in the purple rectangle
Dollar ran quiet a bit quickly - maybe it needs to correct a bit, which is positive for copper . Metals sitting at structure support. Should there be a break in the copper pennant and 1300 on gold ... I'll continue my intermediate bearish bias on the metals as a whole. But for now bids should be coming in.
1) Bullish Rectangle
2) Double bottom possibility
Daily:
1) Bottom of the wedge/resting on it
2) Bullish Advanced Formation
3) Plenty of push back at this exact level as shown in the purple rectangle
Dollar ran quiet a bit quickly - maybe it needs to correct a bit, which is positive for copper . Metals sitting at structure support. Should there be a break in the copper pennant and 1300 on gold ... I'll continue my intermediate bearish bias on the metals as a whole. But for now bids should be coming in.
Comment:
Daily Breakout. Trailing stops on this position. Target is the upper bound of the pennant.
Trade closed: target reached:
Took some money off the table today at 2.194. Willing to re-enter at 2.167