Hi again,
that was fast and furious. Market hit our second target and we are flat right now. We would like to see daily and weekly close ( but for now bulls just turn on the light in the tunnel on weekly chart, pls check the chart below ).
Now, patient is the name of the game and if something new and interesting happen will make an update.
Original article and previous update available below.
--------------------------------------------------------
Hi,
this is a short update to our Copper analysis from mid-September ( Chart of the Day from Sep 14, 2016 below or click here). We hit our first target and we still expect higher levels twds 2,47/2,50. We like buy dips twds 2,10 ( and lower ) but remember as described last time only close above 2,5 will change our view from neutral to bullish. From bears perspective we need to close below 2,00 ( 1,93 ) to confirm bearish trend ( we do sellers activity around 2,5 - TrendLine on Weekly chart ).
Free Forex Live Trading Room ( till the end of 2016 ) - Join Us again next week - click here
Chart of the Day from Sep 14, 2016 below or click here:
Copper - two charts below - weekly and daily.
The second chart ( daily ) is showing that bulls already started their work ( or simply bears took some profits ) but first chart ( weekly ) is saying that is still long way ahead.
Please check the levels ( notes on daily chart ). Psychological 2,00 has to hold if bulls want they dreams come true :)
Weekly chart:
Daily chart:
that was fast and furious. Market hit our second target and we are flat right now. We would like to see daily and weekly close ( but for now bulls just turn on the light in the tunnel on weekly chart, pls check the chart below ).
Now, patient is the name of the game and if something new and interesting happen will make an update.
Original article and previous update available below.
--------------------------------------------------------
Hi,
this is a short update to our Copper analysis from mid-September ( Chart of the Day from Sep 14, 2016 below or click here). We hit our first target and we still expect higher levels twds 2,47/2,50. We like buy dips twds 2,10 ( and lower ) but remember as described last time only close above 2,5 will change our view from neutral to bullish. From bears perspective we need to close below 2,00 ( 1,93 ) to confirm bearish trend ( we do sellers activity around 2,5 - TrendLine on Weekly chart ).
Free Forex Live Trading Room ( till the end of 2016 ) - Join Us again next week - click here
Chart of the Day from Sep 14, 2016 below or click here:
Copper - two charts below - weekly and daily.
The second chart ( daily ) is showing that bulls already started their work ( or simply bears took some profits ) but first chart ( weekly ) is saying that is still long way ahead.
Weekly chart:
Daily chart:
Please let us know should you have any additional questions or you would like to discuss other crosses as well. We are here to help you, just contact us at: landoftradingATgmail.com.
Happy Trading
Mr Price Action
DISCLAIMER: This material was created for informational purposes only and represents the Land of Trading team’s view of the past and current economic and capital market environment. It is not an investment advice and should not be viewed that way at all, and the creators of this material cannot be held liable for any potential losses resulting from trading, where despite this disclaimer someone would consider this material as an investment advice. All rights reserved ©2016. Contact: landoftradingATgmail.com
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