13 January 2014

Copper : Short HGH4 @ 336.0

  • First trade since Septaper fiasco.
  • Monthly copper chart has look of a large SHS top. Current levels = pull back to NL.
  • Stop out on new local high above 344.75.
  • Current up move is about 50% retracement of the down leg from 344.75 to recent low of 328.85. [rally due to weaker than expected Dec13 NFP +74k (outlier?) vs E+190k].

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