Technician
Short

Copper: One Pretty Bearish Scenario

COMEX:HG1!   Copper Futures
362 5 6
Major long term bearish head and shoulders has a target around 1.5.
Note: what i dont like about this pattern, is that it doesn't follow well the relativity concept, i mean the pattern is more than 50 percent bigger than the prior trend, in terms of amplitude and time.

https://twitter.com/thefxchannel
thefxchannel.com
I teach my experience conclusions in 10+ trading strategies. PM me for details and cost.
Also looks like the head and shoulders bottom others have been touting had a false break of the neckline. I'm short copper again too.


Reply
Do you think this is going to spill over into the other metals silver gold ?
Reply
No not necessarily, as copper is sensitive to growth concerns(especiialy in china) and risk-off sentiment
Reply
TrendTraderz Technician
Although I agree with you on sentiment, I wouldn't let the numbers coming out of China fool you. China is hovering around 7% growth, but that is 7% of an economy that is double the size it was in 2007. China is still moving along strong.
Reply
Technician TrendTraderz
Thanks @Trend Traderz for your feedback. I primarily base my view on technical analysis, and also there are rough ideas, when i want to trade it i wait for lots of confirmations.
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out