faylee
Long

Copper Good opportunity

COMEX:HG1!   Copper Futures
754 14 34
It seems that Copper             just retracement was ended at fibo 1.618 level.
Meanwhile, there's an intensive buying area from late Aug to mid Sep., strong support here.
So just go long in buying zone.
Comment: Nice break out of the weekly chart!
snapshot


China is likely to squeeze real estate bubble gradually, they want a soft landing. After G20,centre banks reached a consensus, cutting rate or direct QE won't be an effective method in the coming year. It isn't lack of money, but circulation. Hot money is flowing into commodity market and stock market. Meantime the CNY is depreciating step by step. Commodity price will rise.
Next week,let's see the bullish Dr.Copper!
Comment: longer term target:2.7
snapshot
Comment: 1st target:$2.7 hit, i pocketed the profit at $2.68, and will waiting for retracement.
Comment: My earlier trading stretagies for Copper:

1.
Updated Chart for Copper


2.
Potential big deal- long copper!


3.
Update Copper, Final bottom!!
thank u
Reply
Thank you :-)
Reply
stivmerc stivmerc
... there is a large gap down in october 13th.
Reply
Thank you fayle! But, maybe is a bull trap and Copper prices explosion will be later?
Reply
Great!
+1 Reply
thank you
Reply
now Mr Copper is already at 2.644 ...
Reply
very goood! :-)
Reply
Faylee, thank you! How do you think about oil now?
Reply
Brilliant
Reply
Thank you Faylee. Good, you have different strategies. I suppose the first one is right, towards "E".
Reply
faylee stivmerc
@stivmerc, These are copper strategies in the past
Reply
stivmerc faylee
oops @faylee! So simply, thank you :-)
Reply
I went short monday
Reply
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