Trade for JJC: - Copper breaking down from a rising wedge. - New 20D low was made. - Long Sep 17 22P for 1.20 debit GLHF - DPT
Because of copper's widespread applications in most sectors of the economy — from homes and factories to electronics and power generation and transmission — demand for copper is often viewed as a reliable leading indicator of economic health. CPER ETF seeks the daily changes in percentage terms of its shares’ per share net asset value (“NAV”) to reflect the...
Hello. I haven't posted since forever, had a lack of motivation but guess whos back! DGAZ is continuing with the same pattern than it was having on last decline push. 3 tops and immediately huge decline. Currently we're on 2 tops but the third time could be different. This could be last short potential for DGAZ for a little while as we don't really know which...
Commodities can be a bit of a hit or miss trading off the fib. levels. But since bottoming in 2016, copper has been run through the 2.6 extension level shown here and appears to have been bid up off of that level all year. So, we may be heading to the next level up in the not to distant future.
Commercials net long >44k, sentiment at euphoric levels $JJC
Cooper finished initial correction as wave A, and is now in wave B. The B wave is expected to be choppy. Short could be started to build above 2.76. However, if it traded in/above the red box for a extended period of time,short should be covered. There is going to be big risk of impulsive extension.
A pull back at least is coming for copper or commodity in general.
... Presumably this trend has encountered exhaustion, perhaps it is worthy looking for a short term entry with a stop above the high!?!
BAT and many structures on the left side