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...
WRN 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...
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. 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...