Copper - We look to Buy at 22150

Copper - We look to Buy at 22150 (stop at 21950)

Copper - The move lower is mixed and volatile, common in corrective sequences. Prices have continued the bearish move lower and resulted in 3 consecutive negative days. Trading inside the Daily Ichimoku Cloud. The reaction lower is negative, however, we view this as an opportunity to set longs in line with the overall bullish move higher. Our profit targets will be 22700 and 23000.

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Risk Warning

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If the market moves against your position, your capital is at risk and you may be called upon by your broker to deposit a substantial amount of additional margin funds, on short notice, in order to maintain your position.

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The high degree of leverage that is obtainable through for example futures trading, options trading, Spread Betting, Binary Betting and CFD trading can work against you as well as for you. The use of leverage can lead to large losses as well as gains. This brief statement cannot disclose all the risks and other significant aspects of the commodity markets, including trading shares, currencies, and stock indices. You should therefore carefully study financial trading before you enter the financial markets with the view of buying and selling, including shorting, securities in the market place.

Before deciding to invest in spot foreign exchange or futures you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with spot foreign exchange and futures trading, and seek advice from an independent financial advisor (IFA) if you have any doubts. All information posted on this website is of our opinion and the opinion of our visitors, and may not reflect the truth. Please use your own good judgment and seek advice from a qualified consultant or IFA, before believing and accepting any information posted on this website.

Your capital is at risk.

Losses can exceed deposits