Tuesday, 24 January 2017

Comex Copper ( H17)

 Lets see what the US session brings.WE have rising support at 263.00 but i am not content to get long here as we have a down sloping RL that may bring price back. However if we see new highs i am prepared to go long on stop around the 265.80 area with a stop below close of 4 hr bar ( 264.00 area) and the reaction line breakout rules apply to this trade. A break and close below the blue upsloping ML will mean a return to the thin green horizontal ML's seen around 256.00 and below.

No comments:

Post a Comment