• ACI - Nov 15 201220121115
  • AEM - Jul 24 201520150724
  • ALIAF - Mar 20 201420140320
  • AU - Jul 24 201520150724
  • CDE - Jul 24 201520150724
  • $copper - Aug 12 201520150812
  • DGP - Mar 25 201520150325
  • GDX - Jul 24 201520150724
  • GFI - Jul 24 201520150724
  • GLD - Apr 22 201520150422
  • $GOLD - Jul 24 201520150724
  • $HUI - Apr 22 201520150422
  • IAG - Jul 24 201520150724
  • JJC - Aug 12 201520150812
  • KGC - Jul 24 201520150724
  • NUGT - Apr 22 201520150422
  • GOLD - Jul 24 201520150724
  • SLW - Jul 24 201520150724


Long-term Trades

Long-term Trades are trade or investment ideas that have the potential for significant returns over a longer-term period, typically several months or more. This category of trade ideas might be useful for the longer-term swing trader or investor looking for investment ideas to supplement their existing portfolio and prefers a less active, more hands-off approach to investing.

Aug 122015
 

JJC (Copper ETF) will trigger a long entry on a CLOSE above this steep downtrend line. Stops TBD based upon entry price. Although one could certainly establish a starter position on an intraday break above the downtrend line or even here as spot copper prices are at long-term support on the weekly chart, with the amount of false breakouts & whipsaw signals lately, it might be best to wait to see JJC print a solid close above this steep downtrend line before establishing a full position.

JJC daily Aug 12th

JJC daily Aug 12th

As with any trade, this one may or may not pan out but as far as my concerns about the effect that the slowdown in China might have on copper prices, my thoughts are that the impact is quite likely already reflected in the charts with copper prices already down 50% since the early 2011 highs. A link to the live, annotated version of the 10-year weekly $COPPER (spot copper prices) chart can be viewed here or under the Commodities & Metals section on the Live Charts page.

As copper prices have the potential to move up to the top of this weekly descending price channel and quite possibly eventually go onto break above it, which would be a very bullish technical event, $JJC will also be added as a Long-Term Trade idea with the potential for additional upside targets to be added if this setup triggers and entry & starts to play out as expected.

$COPPER weekly Aug 12th

$COPPER weekly Aug 12th

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