Study the given hourly & daily chart of copper & short copper if it breach the given support lines.
As shown in the hourly chart, there are 2 support lines near 387 & 388 for copper price. If price breach these lines, it can tumble down. Again question arises about target. Many readers confuse about it and ask me by mail. But for tgt, study the geven daily chart and look @ the S3 line which can be next stop for copper. Which is placed @ 372 around. But I know that, you guys are typical intraday type guys, you can watch the given levels, if copper price breach s1 , s2 then go short on it and earn some money. Thank you & Jay shriram.
Update 1 -- 12.48 pm, 11th Feb 2017.
Short copper call is not initiated. Price took U turn & turn upward from389. So call is closed. Yes, this the great aspect of positional trading. If we not get the correct chart structure, we should not trade. We lost nothing. Thank you, Jay Shriram.
