Genghis

All that glitters is ... Copper?!

Long
COMEX:HG1!   Copper Futures
Personally I think we are set to complete wave 2 of a 5 wave impulse north. My projected trajectory highlighted by the blue waves.
Majorly bulled up unless we break Jan'16 low 1.93. Currently on the hunt for long entry around these levels.
Trade active: Long at 2.064
Comment: Approaching TP
Comment: SL move to 2.18
Trade closed: stop reached: Closed at 2.18
Comment: Here we go... entering rebuy territory
Comment: Big build in copper inventories. Even with the glut i'm looking for an excuse to get long.
Trade active: Long at 2.09 , SL 2.08
Comment: SL moved to 2.18
Comment: Neckline break
Comment: Eyeing up 2.32
Comment: To the moon
Comment: Long term... copper looks set to fly. Short term looking like potential ceiling around 2.50 to set up selling opportunity
Comment: Took out 2.50 with ease

Comments


intersting to see if 2.084 holds
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Genghis Genghis

Long at 2.09, SL 2.08
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Looking close to go time
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Sat on trend line support
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Sat on trend line support. Looking to get long
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Decision time numbers are 2.32 or 1.93
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The plot thickens. Fresh trend line resistance set up.
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Potential support from a collection of factors; bullish inverse H&S neckline (green), potential right shoulder of new iH&S, set up of trendline of the 2 heads (yellow), Bottoming out on daily stochastic
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Genghis Genghis

Potential long set up
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Genghis Genghis

Launched :)
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