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megustadinerow
Sep 20, 2020 2:56 PM

COPPER NEW ATH OR FALL BACK DOWN? Short

Copper FuturesMCX

Description

Hi Again,

I am analysing, preparing for a new week. I always tend to do this on a sunday afternoon. Beware this is not an advice. I don't often trade copper but when i do i always have a good trade. I only step into this commodity when i am really really sure about it to earn some side $. Only small pieces.

Last weeks it moved more than Gold/Silver. It even reached a new ATH. Will it reach a new ATH this week/month? That's my question and nobody can answer it...only time will tell. No crystal ball stories here...

Personally i think it will retest a new ATH and then fall back, see the charts where i can set my targets to the downside. I will open a sell if it hits a new ATH. I will definitely not open a new buy since it is too much risk for me.

Good luck and safe trading everyone!
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