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carlosmello

Buy HGN2016 at 2,1540, Stop at 2,0780, Target at 2,3000

Long
Copper Futures (Jul 2016) (COMEX:HGN2016)  
carlosmello Updated   
COMEX:HGN2016   Copper Futures (Jul 2016)
1
0
HGN2016 is in ascending triangle, has just tested the upside trendline and a good room to the upside.
Comment:
HGN2016 is testing the stop loss region. The trade wasn´t stopped yesterday but will be soon if the market breaks down.
Comment:
It looks a good decision to have not stopped the long position. Price has consolidated at the stop loss region and now seems to be picking up. We remain long, but if HGN2016 breaks the lows of last week then the position will be stopped.
Trade closed: stop reached:
Stopped HGN2016 at 2,06 with a loss of 4.36%.

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carlosmello
Buy RBN2016 at 1,5058, with Stop at 1,3720 and Target at 1,6970
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