Chris Kimble - Kimble Charting Solutions – Fri 7 Jun, 2019

A Close Look Into Copper

Chris Kimble, Founder of Kimble Charting Solutions is with us this week for a look at copper. With copper nearing some strong short term support levels and sentiment very bearish Chris outlines a trade where a long position could yield some nice returns.

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  1. On June 7, 2019 at 1:24 pm,
    Matthew says:

    GDX just logged its second highest weekly close of the year and did so on the largest volume since January…

  2. On June 7, 2019 at 2:18 pm,
    Chartster says:

    Great copper charts, Chris!

    Another topic: (GLD)
    The most fascinating action on GLD I’ve ever seen.
    Three white soldiers followed by a white spinning top candle, followed by a large black candle, followed by a black shooting star (with a higher high) followed by a black spinning top with a higher high. WTH..?

    If you’re long, you could see an 80$ gap down Monday. If you’re short, you could see a gap up Monday.
    Absolutely crazy!
    Someone give me a valid reason to be long or short, please.
    (not feelings, just TA) thanks

    Anyone long or short right now either knows something, or knows nothing.

    Crazy stuff.

    • On June 8, 2019 at 1:01 pm,
      larry says:

      Chartist I know what you see….something is just wrong about the initiation of this move……The short covering is now more than new accumulations…imho