[Note: I’ve changed the core list of touts, adding some futures contracts in order to provide more tradable opportunities. The new selections will vary from week to week. RA ] There are no sure things in the trading world, but the possibilities in the Copper contract shown in the chart look quite enticing. This pattern has already paid off twice with a ‘conventional’ buy at the green line (x=4.4079), and a ‘mechanical’ buy on the pullback to the red line (p=4.6983). It can still be milked for two additional trades: 1) a ‘long’ to d=5.2790; and ) a short when d=5.2790 is achieved (which looks like a foregone conclusion). The latter trade is the more promising, since the chart holds out the possibility of an important top at or near the target. ______ UPDATE (Jul 4): The futures made scant headway last week toward the 5.2790 target noted above. Short there with a tight stop-loss if you’ve held a long position that made money on the way up. The target is the ‘d’ terminus of a large ‘reverse’ pattern begun last winter, so a reversal there could conceivably be an important one, and you should treat it as such. Here’s the chart. _______ UPDATE (Jul 11) Trump’s latest tariff threat spiked the price of copper by nearly $1.00 per pound in a single day, blowing past my 5.2790 rally target with ease. I’d suggested shorting there only to subscribers who were long on the way up, but the extreme volatility of the move could have produced results that varied significantly. I’d be interesting in hearing from those who did the trade, since it will sharpen my ability to tailor trades to suit your needs and your appetite for risk.
HGU25 – September Copper (Last:5.6045)
