During the last week of trading, Copper prices stopped on a support area touched several times during the year 2016.
On chart W1 it can be seen how the strong drop led prices to move away from the ichimoku averages, leading to a situation of imbalance (chart 1).
Analyzing the data released by the Cot Report, although the open interest value is still negative (but has been recovering for several weeks after the lows of mid-February), we can see how the difference between the variations of long and short contracts has gone from negative to positive (orange histogram shown)
So these levels can be monitored to look for a possible turnaround that brings prices closer to the tenkan / kijun lines. (Graph 2).
●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬●
• Personal Links:
► FB: https://www.facebook.com/COT-Analysis-2160376444276025/
► Steemit: https://steemit.com/@nordcaster
► Twitter: https://twitter.com/colombodiego74
Hi! Did you know that steemit.com is now censoring users and posts based on their opinions?
All the posts of these users are gone!
https://github.com/steemit/condenser/commit/3394af78127bdd8d037c2d49983b7b9491397296
Here's a list of some banned users:
'roelandp', 'blocktrades', 'anyx', 'ausbitbank', 'gtg', 'themarkymark', 'lukestokes.mhth', 'netuoso', 'innerhive'See anyone you recognize? There could be more, they also have a remote IP ban list.
Will you be censored next?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Hello,
if so then i will stop publishing on steem. I thought at least there was freedom here. However, I only show data that everyone can consult from the official COT REPORT website and a simple price analysis without incentivizing anyone to do anything.
Sin.
Goodbye Steem I will migrate to other platforms.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit