HG - copper demand is higher this year as the economy expands globally. On the 60 minute chart
price hit a high pivot on May 15th and pulled back in a standard Fib 0.5 fhsion. Price
has touched the upper boundary of that support three times and has now printed a wide range
green HA candle. I believe that this is a reversal pattern and will take a long trade here
targeting the pivot high mentioned. This is a 5% expectant profit amplified by the leverage
of a futures trade.I see this as a safe trade of a commodity that has a bullish bias overall.
I am also looking for some increased volume at this juncture to assure that some buying
momentum is coming into the market.
price hit a high pivot on May 15th and pulled back in a standard Fib 0.5 fhsion. Price
has touched the upper boundary of that support three times and has now printed a wide range
green HA candle. I believe that this is a reversal pattern and will take a long trade here
targeting the pivot high mentioned. This is a 5% expectant profit amplified by the leverage
of a futures trade.I see this as a safe trade of a commodity that has a bullish bias overall.
I am also looking for some increased volume at this juncture to assure that some buying
momentum is coming into the market.
Dagangan aktif
Copper Futures moved up well today. Stop loss moved to 52% above break-even thus assuring a profitable trade. Full position over the weekend. Expecting bullish momentum to persist.Dagangan ditutup: sasaran tercapai
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.