Copper : Short HGH3 @ 374.40

• Core book risk very much skewed to Recovery/Good News.
• Initiated short HGH3 @ 374.40 to counter-balance a bit.
• Also just made use of 192k ADP data to take profit on half of US 10yr Note position. Covered at 131-00.
• Weekly Copper : Triangle Right Shoulder. Current level is near the upper triangle edge, thus good level to put on my hedge. Still think we eventually break on the downside.