Copper Miners: Tested Pattern Top

Copper miners continue to bull

On April 15 we had an NFTRH+ update (Correction is Ending in This Reflation Trade, now public)

Last week I added both COPX and FQVLF (FM.TO) as they tested the support of their pattern tops.

Here’s COPX showing a clear zone below which risk can be managed and above which this inflation trade can be ridden. The way I interpret this is that with the hard smash and whipsaw to, through and back above the SMA 50 in March, there is no near-term need for another such test. That’s why I bought the EMA 20 and pattern top. Now the rest is up to Doctor Copper and the inflationary reflation trades in general.

copx

For “best of breed” top down analysis of all major markets, subscribe to NFTRH Premium, which includes an in-depth weekly market report, detailed interim market updates and NFTRH+ dynamic updates and chart/trade setup ideas. You can also keep up to date with actionable public content at NFTRH.com by using the email form on the right sidebar. Follow via Twitter @NFTRHgt.

Testimonials