- Much excitement in the Copper market right now. Looks like neckline of massive 6 year SHS top is finally being put to the test.
- If one believes in Dr Copper, then a serious examination of the message from this chart is called for (eg implications for health of equity and bond markets, do I really want to be short bonds?, etc).
- Short Copper is by far the biggest risk I am running now. Overwhelms everything else so perhaps I should just square up the others and focus on managing this one big pot of a single ingredient.
13 comments:
Round 3 trades :=
-3X @ 303.80
-1x @ 299.50
+2X @ 291.75
Left with balance 2x, trailing stop not too far away from current 291.55
-1X @ 295.50
Net : Short 3X
+297.25 (3X)
All square for now.
NEW : -295.90
Forget what's been locked in. Start afresh. New stop levels too.
-293.35
Taken profit on 1/3 at +288.80
-293 (1X)
+292.00 (2X)
Balance short 2X
-297.40 (1X)
-294.90 (1X)
NET position now : -2X
-296.30
Outstanding short position stopped out at +300.05
Start again ... new round ...
-HGK4 @ 304.10
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