COPPER Commodity or Junior Miner trade LONGCopper 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.
COPJ
WRN- A copper mining Penny Stock WATCH for LONGWRN is on 15 minute chart. The ideas is described on the chart in textboses with a head
and shoulder pattern identified as well as a Fibonacci retracement leel and dual anchored
VWAP to identify areas of high liquidity and trading volume. The trend indicator adds support
to waiting for a best entry as marked on the chart. Once entered, my expectation is for a
10-15 % move in a single week long swing trade.
COPPER Commodity Trade LONGCopper 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. With that in
in on the 15-minute chart I missed a trade in the junior copper miner ETF this week. I have
now placed COPJ on my watch list and will not miss it again when it falls to support and
retraces. I am looking at the aluminum and finished steel subsectors as well. FCX is
under a consideration but as a large cap it does not have the volatility of the junior miners.