Traders,
A frustrating journey thus far with Copper, waiting for the right time.
We have had some sideways consolidation, and there is evidence that the bulls are reloading here and we may take the upside. I consider, in this situation, that is the bulls cannot break nicely above the highs of today's candle that the bulls are probably invalidated, and waiting for this set up was not fruitful. This happens at times. But let's hope Copper sees resolution and we can see the upside with this commodity.
Best of luck
Tom
Note:
A frustrating journey thus far with Copper, waiting for the right time.
We have had some sideways consolidation, and there is evidence that the bulls are reloading here and we may take the upside. I consider, in this situation, that is the bulls cannot break nicely above the highs of today's candle that the bulls are probably invalidated, and waiting for this set up was not fruitful. This happens at times. But let's hope Copper sees resolution and we can see the upside with this commodity.
Best of luck
Tom
Note:
