Here we have copper where we have seen some major moves for the last few months. the analysis below is a long term analysis. - monthly wedge broken and retested back in December 2016 - price over all is in an ascending channel - price has hit the mid range supple levels where we have seen retracements back it up to 50 %. - currently monitoring price action against the Peru copper prices and also the dollar prices for some more moves. possibility is that we should see some further down side to 61.8% demand levels in the region of $2.46628 zones - we will open out long term positions to all supple structures with final point of call being the 127% extensions targets with net 58% gains. - currently eyeing the $2.46628 region for entries and possibly lower are well to dollar cost average on these entires. -overall net exposure is to be 5% with all supply structures being breached to become demand structures where we will gradually scale out profits. excited to see how 2019 will play out !!!! :)
Trade active
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Positions have now been opened since middle of August 2019. now its a matter of patience. with trade wars still outstanding should we not get some good trade deal between the USA/China i expect some volatility along side minning inventories with Australia and Peru & Brazil. i however expect some consolidation in these zones due it it being a heavy order liquidity area. Risk adjusted to 3.5% for long term. currently short on EURAUD as a hedge to also cover the swaps for copper which are both credit and debit so. lets go :)