ridethepig | Copper for the Yearly Close
Updated
đź“Ś Copper for the Yearly Close
First with an immediate review of the flows.
We were tracking for the capitulation low which was our moment to advance...
It was a great choice of moment to load the longs.
Extending the belief in commodity shortages which have been entering into play all year long. The highs are worth striving for, all factors remain the same with the macro picture still equal. The main cases where this will play an additional note too at China and Australia flows which is something to consider.
After clearing our first targets it's time to aim for the 4.5 main impulsive zone. A flyaway break is in play with such a bullish close, which is generally not very common. Of course the last time this happened was in the early 2000's; and we exploded.
As usual thanks for keeping the feedback coming đź‘Ť or đź‘Ž
First with an immediate review of the flows.
We were tracking for the capitulation low which was our moment to advance...
It was a great choice of moment to load the longs.
Extending the belief in commodity shortages which have been entering into play all year long. The highs are worth striving for, all factors remain the same with the macro picture still equal. The main cases where this will play an additional note too at China and Australia flows which is something to consider.
After clearing our first targets it's time to aim for the 4.5 main impulsive zone. A flyaway break is in play with such a bullish close, which is generally not very common. Of course the last time this happened was in the early 2000's; and we exploded.
As usual thanks for keeping the feedback coming đź‘Ť or đź‘Ž
Trade closed: target reached
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