Good confirmation of long on Copper:
Copper Finally showing some good movement. I have re-opened my copper position and will also be looking to get into some BUY positions on the AUD side.
The reason I say it is confirmed now is that it broke back above the 50 day MA, it's above the 50 RSI and the MACD (looks like) it wants to start heading into positive territory.
The only thing to watch is the stochastic, it looks like it may want to embed, or it may be saying that we are looking at sideways movement for a while on this next run up.
The reason I say it is confirmed now is that it broke back above the 50 day MA, it's above the 50 RSI and the MACD (looks like) it wants to start heading into positive territory.
The only thing to watch is the stochastic, it looks like it may want to embed, or it may be saying that we are looking at sideways movement for a while on this next run up.
Related publications
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.