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Technical Analysis with chessNwine

chessNwine
Full-time stock trader. Follow me here and on 12631
Joined Apr 1, 2010
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I CU Copper, Shakin’ Those Longs

chessNwine Wed Mar 19, 2014 10:44am EST 3 Comments

With the monthly ETN for copper, first chart below breaking major support again this morning, FCX SCCO are two copper miners which look ripe as short setups for aggressive traders playing this downside momentum.

On the second and third daily charts, below, note their respective bear flag technical setups as price weakens.

What are you trading this morning?

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JJC

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FCX

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SCCO

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3 comments

  1. Belzile
    Belzile
    March 19, 2014 at 10:50 am

    Long and nervous in FCX. I will cut under 30.50.

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  2. alf44
    alf44
    March 19, 2014 at 11:39 am

    .
    … a few days ago I posted that SCCO looked like it might hold SUPPORT !

    Needs to hold that $27ish area … looking iffy here !
    .

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