Copper FuturesShort
Lots of reasons to lean short
Pro:
1. COT rolling over snalaska.com/cot/current/charts/HG.png
2. Pushing up against 2011 downtrend
3. Massive resistance level going back to March 2014
4. Overbought
5. Potentially putting in a higher high on lower momentum
6. Wedging forming from March 2014
Con:
1. Massive bounce from the monthly 200ema in January & February 2014
2. Trading above the weekly 50ema at 2.8905
3. Entire CRB looks like it's gonna break out.... or just F*ck everyone.....
1. COT rolling over snalaska.com/cot/current/charts/HG.png
2. Pushing up against 2011 downtrend
3. Massive resistance level going back to March 2014
4. Overbought
5. Potentially putting in a higher high on lower momentum
6. Wedging forming from March 2014
Con:
1. Massive bounce from the monthly 200ema in January & February 2014
2. Trading above the weekly 50ema at 2.8905
3. Entire CRB looks like it's gonna break out.... or just F*ck everyone.....
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.