COPPER Commodity or Junior Miner trade LONG
Updated
Copper prices rise when the economy is thought to be growing and needing more electrical
infrastructure while they fall when bearish indicators might project a recession. I am
at the aluminum and finished steel subsectors as well. FCX is under consideration but as a
large cap it does not have the volatility of the junior miners. In the meanwhile COPJ, CPER and
COPX look like they are worth considering given the trend up since mid-February. The chosen
strength and trend indicators confirm the trend. This is a long trade and sector rotation play for
those to consider that are tired of tech stocks and earnings plays.
infrastructure while they fall when bearish indicators might project a recession. I am
at the aluminum and finished steel subsectors as well. FCX is under consideration but as a
large cap it does not have the volatility of the junior miners. In the meanwhile COPJ, CPER and
COPX look like they are worth considering given the trend up since mid-February. The chosen
strength and trend indicators confirm the trend. This is a long trade and sector rotation play for
those to consider that are tired of tech stocks and earnings plays.
Trade active
Zoom- in shows a 9% move in 4 days while GLD the ETF sideways demonstrating thatcopper trades are worth considering.
Note
This trade demonstrates a BB strategy entering t the lower band and exits at theupper band or vice versa on a short from April 12 to April 14th for the similar 8%
return over 2 days.
Note
Small pullback today so another piece taken long to buy the dip Note
Small move up- slow and steady.
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