Commodities portfolio: Long XAGUSD - Bottomed at Brexit support

It appears like we can rebuy precious metals next week, which makes a lot of sense considering China is coming back on line after a week of public holidays.
The support level held, where the rapid ascent that happened during the Brexit referendum took place, so I see this as a low risk opportunity to get long on a breakout of last session's high.
Risk a new daily low here.

Good luck!

Ivan Labrie.

Giao dịch đang hoạt động

Giao dịch được đóng thủ công:

I don't like the action here I'm getting out and holding CEF longs for now.

Giao dịch đang hoạt động:

Moving back above resistance now.

Giao dịch được đóng thủ công:

The reaction to the current situation shows lack of interest in metals, I'm closing for a modest 0.22% profit in gold and silver.

Bình luận:

Good I reentered right before the action started, I saved myself some cost in rollover.

Bình luận:

And, yes, I was spot on about the turn here...hope my followers caught the trade.