Copper FuturesLong
Update on COPPER Futures: Bull Pennant
I posted an idea on HG1! HG1! last year where I identified a channel that futures were trading in and made a plan to trade the copper index fund 
CPER while it was in the channel and trade the Copper miners ETF 
COPX when it broke out to capture asset appreciation as well as dividends. I got long last March in COPX and have been holding. Price has retracted back to the top of the channel and has formed a Bullish Pennant. I have been adding shares as we reached these prior support levels but now I am increasing my position in expectation of this next breakout.
HG1! last year where I identified a channel that futures were trading in and made a plan to trade the copper index fund CPER while it was in the channel and trade the Copper miners ETF COPX when it broke out to capture asset appreciation as well as dividends. I got long last March in COPX and have been holding. Price has retracted back to the top of the channel and has formed a Bullish Pennant. I have been adding shares as we reached these prior support levels but now I am increasing my position in expectation of this next breakout. 
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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.