Looking for a return to the falling channel. 2 Shorts in Place. Currently Even. 1st target is just into channel approx .05 down.... 2nd Target is middle of channel another .05...
I'm calling for a return to $74, Higher with geo-politic disruption.
Looking for a move up of about 20 cents over next 1.5 week.
$7 rise in 2 weeks. All hype, jawboing and supposition. If StochRSI can break down again, history repeats for $2-$4 drop.
Come'on, climbed to strongly, and now crashing way too harshly... I made money on the short correction... I plan on making MONEY on the continued rise into Summer. Not saying I know what will happen next week, just saying med-term i feel good.
This signal has been pretty consistent for me. I haven't played it each time, but it's made money when I have. The stochastic has crossed again... I am STRONG short at $64. The drop to $62.9 was tempting and I thought about closing, but have held on since I'm up for now... I believe the record COT long positioning is a contributing factor to the slide i'm...
I'm of the mind that the end of 2017 run was an over reach and their will be a gentle but significant correction here in first few weeks of 2018. I think DOllar rebounds, Crypto's get their footing, and Prec Metals, give a "LITTLE" back.
Yes, EV will continue to grow, yes China will not come to a crisis halt... I'm not a Copper BEAR!!!... But look at the chart... this was an end of year blowout, reduced volume. This is a great short, with limited "upside" risk in the short term...
I am shocked everytime this returns to this level of support. But i see nothing to support this continued weakness. Someone is playing the volatility and just buying selling the clear range.... I have a strong LONG and hoping for the best. I am now into my MAX position and looking for payoff in 1-3 weeks.
Looking for 6 instance of pattern to emerge and repeat.
So the good news, for the last 2 years i've made great money with my general perception and hypothesis.... Bad News... My entries have been terrible so on several occasions, I'm early. Ride a torturous move the wrong way, but with patience and tactical averaging get my profit eventually (2-4 weeks).... But if i could just tighten up those entries to more optimal...
I don't see any macro-influence that justifies this torturous, linear fall. GC/SI ratio has had a similar spike up, so the silver weakness is isoltated from what is happening with gold. I say these comes back up to upper, 17's within 2-3 weeks.
I made good money on the drop yesterday, (left a ton on table as I wasn't expecting 17.8) but i find the rebound suspicious. I have a chance to reset my short at a higher pricer so I'm taking it... Small position though.... I have a mental stop at 18.55 which would be a 6-month high... Good Luck ALL!!!
Rising Wedge Reversal anyone? RSI Spiking towards overbought (not in, but towards) Embedded Stochastics that don't stay this high long... Seriously 12% Rise in 11 Trading Days.... I'm not a permabear, but a pullback would be healthy... Unless EIA blows past API, i think this is a draw in-line with forecasts and some people take profits.. I'm saying $52-ish by next...
I know that Spec Longs are high, and we've had a run since Nov... But copper keeps climbing the same sloped rising trend lines... Escondida and Grasberg shutdown's aren't fully priced in IMO. I see a major rising trend support holding us at 2.65 at the worst, and I think we see 2.8+ soon. I wish to god it would jump to 3$ quick enough that I don't wuss out and...
Ascending triangle is bullish... FIB retraces from Jan 3rd and Jan 20th runs are support.. Copper miners reporting disappointing production. Possible work stoppage... Bounced of 2.72 Resistance 4 times but gathering strength... You tell me... How am I wrong here?