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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