LEONES
Short

Copper Coil

COMEX:HGZ2013   COPPER FUTURES
156 9 0
Copper             has formed a coil that is going to breakout soon either way. I think this is going to happen to the downside. Target objective would be 3.1000-3.0000. I expect similar behaviour in the other metals, including precious ones. Breakout is imminent. Copper             is typically in seasonal down trend till the end of the year as the construction begins to wind down for the winter months.
Sell order triggered today 09 Oct 2013 on copper
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Breakout on the 10Oct13 followed by two days pullback. I keep my stop loss but move the target closer. See here my plan
snapshot
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See here my new plan:
snapshot
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After triangle break out copper bounced back from the horizontal median line and hit today the stop loss order for a loss. Sad face.
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snapshot

Chart showing big fat red candle on daily
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Getting a lot of headfakes today.
Remember we discussed Treasury Bonds.. TLT the ETF is showing a big drawdown. You still bullish on Bonds?
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LEONES PRO QuantitativeExhaustion
yes this is true but still bull for me. I'm looking at the euro...looks good to sell soon
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Interesting take. So bullish on bonds and US Dollar and bearish on Euro
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LEONES PRO QuantitativeExhaustion
Yes correct - look at the dollar index weekly chart, it is really close to an interesting support level.
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