Copper Daily Chart Buying Opportunity

29 Ağu 2016

I'll be buying Copper based price action nearing a breakout of it's current triangle pattern and uptrend creating a long opportunity. Take profits will be at key support levels.
Good luck and happy trading!

8 Kas 2016

Not

Two Take profits have been triggered

9 Kas 2016

Not

Final profit taken, perfect trade.

24 Kas 2016

Not

So my fundamental rationale for this trade was actually Donald Trump. Trump before he was elected kept talking about "Rebuilding America" and creating Jobs through infrastructure. Copper is an instrumental raw material when it comes to infrastructure. From electrical wire to piping it will be directly involved in Trump's infrastructure plans. Increased demand = higher prices.