mortdiggiddy

Quietly building longs

Long
mortdiggiddy Updated   
COMEX:HG1!   Copper Futures
Big level here oversold on multiple supports. $HG_F $GLD $GDX $JJC
Comment:
Copper seasonality along with anything XXXUSD hasn't been super helpful this year.

commodityseasonality.com/metals/

charts.equityclock.c...es-hg-seasonal-chart
Comment:
Mean reversion after ranging between the Year CAMs for XAUEUR suggests a retracement back to the 2017 close.

Comment:
Today is the first day I have witnessed in a while where yen, bonds, gold all getting along.
Comment:
We are finally getting the move I was waiting for this week, and what a move it is.
Comment:
Not since November 2016 has copper had this good of a week, when price busted the tight wedge at the bottom.
Comment:
Big move in commodities today, copper looks great
Comment:
I hope copper stays right where it is until tomorrow. That would generate 2 weekly inside candles. We could get a similar move of late september up after that.

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