So. I think that Copper have changed the balance. Next target for testing is 2.864
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Keep It Simple With Sentiment (KISWS) - Trade and Profit like the Pros!
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To prep for tomorrow, here's Copper's reaction from the last four FOMC rate meetings:
May: 
March: 
January: 
December: 
May:
March:
January:
December:
We must learn who is gold, and who is gold plated
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That was more than just a pullback, I'm ready to hit some more Copper shorts.. what do you think Aleksbuk?
Crest at H1
Daily candle trend
EDIT: Doubling down on my copper short now too. The reaction to FOMC vs Gold shows that bears are still in control of this market. Despite fundamental news pushing copper up it is struggling to stay there.
Crest at H1
Daily candle trend
EDIT: Doubling down on my copper short now too. The reaction to FOMC vs Gold shows that bears are still in control of this market. Despite fundamental news pushing copper up it is struggling to stay there.
careful not to step in a pile of it
{quote} That was more than just a pullback, I'm ready to hit some more Copper shorts.. what do you think Aleksbuk? Crest at H1 {image} Daily candle trend {image} EDIT: Doubling down on my copper short now too. The reaction to FOMC vs Gold shows that bears are still in control of this market. Despite fundamental news pushing copper up it is struggling to stay there. {image}
careful not to step in a pile of it
- Joined May 2019 | Status: iTrade | 1,800 Posts
Copper is still making back some of prior months losses. More has to do with the strike in Chile at the Codelco mine. It doesn't seem to be getting any better. Nothing can make copper rally like a labor disruption at a big copper mine in Chile. I'm paying attention to how that will impact copper more than it already has. It's approaching the 50% retracement level. It'll be interesting to see what happens. 
We must learn who is gold, and who is gold plated
EventsTrader Live Return This Year:
54.4%
- Joined May 2019 | Status: iTrade | 1,800 Posts
Thanks for the video Aleksbuk. I agree copper is interesting. I agree with what you said about copper coming back to test the support zone. I'm just not sure if we'll see a rally afterwards without US-China trade relations improving. It's very tough to get a handle on copper right now. I'll be looking out for more insight. Keep the videos coming. 
We must learn who is gold, and who is gold plated
EventsTrader Live Return This Year:
54.4%
Its really remarkable just how poorly copper is performing.
It gapped higher Sunday due to the positive trade news between the US and China, but in spite of that it has continued to head south this week. Looks like its wants to test 2.60 again.
It gapped higher Sunday due to the positive trade news between the US and China, but in spite of that it has continued to head south this week. Looks like its wants to test 2.60 again.
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- Joined May 2019 | Status: iTrade | 1,800 Posts
We must learn who is gold, and who is gold plated
EventsTrader Live Return This Year:
54.4%