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A Close Look Into Copper

Cory
June 7, 2019

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.

Click here to visit Chris’s site and learn more about his subscription service.

Discussion
3 Comments
    Jun 07, 2019 07:24 PM

    GDX just logged its second highest weekly close of the year and did so on the largest volume since January…
    https://stockcharts.com/h-sc/ui?s=GDX&p=W&yr=7&mn=5&dy=0&id=p01577314550&a=524423306

    Jun 07, 2019 07:18 PM

    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.

      Jun 08, 2019 08:01 PM

      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