Copperanalysis
COPPER Daily Key Reversal Bar Pointing Weakness migth be 3.762025th Daily copper bar key reversal bar made a new high closed off the low. 26th daily bar widespread down bar closed off the low. 4.1380 first demand zone for short, second demand zone 4.4200. 3.7620 might be first target on downside on short position.
Copper Long SetupCopper Long Setup
Entry: $3.4989
TP & RR: $3.6094 (3.47)
Stop Loss: $3.4671
REASONS FOR THE TRADE
Opening a long order at a support level. As simple as that. The Stop Loss is set below the previous low and the Take Profit is at the lower trendline from the triangle that we broke down from. The market Flow indicator is printing a divergence on the 4h chart, so I believe the price should start trending up. I will be quick to trial the stop loss if the price indeed goes up. This is one of those trades that can go wrong very quickly and I don't want to give up profits.
Copper SHORT; Gold / Copper and Wall Street's mass delusionCOMEX_MINI:QC1!
Like the title says; SELL it - SHORT!
Regarding Wall Street's conviction, the "check mark shaped recovery" and other tall tales ...
.... this is the summary post.
... and here is their "Copper delusion"
Let's try Reality! ...
... Shall we?!
The original Gold / Copper Ratio post