09 April 2012

Copper : Nearing Breakdown

  • HGK2 low so far today 373.30, now trading at 373.80.
  • Notable chart points on weekly chart : Oct11 high 375.00 and Feb12 low 369.35.
  • Initial trade : Short at 392.
  • Pyramid : Add to short if we close this week below 369.35 = confirmation of downtrend continuation.
  • Risk : Current levels = bottom of trading range (see daily).

3 comments:

Taichiseal said...

Stop moved down from 391 to 384

Taichiseal said...

-368.70

Taichiseal said...

Stop on overall position now moved down to 378