16 April 2014

Copper : Same Same Still

  • First attempt to re-sell Copper (at 304.10) unsuccessful, thrown off by dovish Mar FOMC minutes. Rally high of 308. Cut at 305.70 when it pulled back.
  • 11-Apr : Try again, sold HGK4 @ 305.
  • Today : Added on. Sold HGN4 @ 298.35 (equivalent to HGK4 at around 298.80). Total short now back to 2RU (risk units).
  • Monthly : Big SHS top still valid. Neckline is broken. (Last month was first close below).
  • Weekly + Daily : Price action since mid-Mar is a bear flag consolidation of the steep decline. Bear trend resumption anytime if not already under way now.

1 comment:

Taichiseal said...

Stopped out HGK4 @ 305.50