COPPER (APRIL)
SELL AROUND 428.50
TARGET 425.50-419.50
ONCE CROSS ABOVE 430
THEN EXIT SHORTS AND GO LONG
WITH STOP LOSS BELOW 425.50
FOR THE TGT OF 433 AND 436.30
BUY AROUND 419.50
TARGET 422.50-428.50
ONCE BREAKE BELOW 418
THEN EXIT LONGS AND GO SHORT
WITH STOPLOSS ABOVE 422.50

China Trade Balance 5.4B vs -31.5B Supportive for Basemetal CHINESE CUSTOMS BUREAU: EU debt crisis has hindered Chinese exports
ReplyDeleteMajor Events for the day: EUR Sentix Investor Confidence @ 2:00 PM (fore -7.7; Prev -8.2) US IBD/TIPP Economic Optimism @ 7:30 PM (fore 49.1; Prev 47.5)
ReplyDeleteEUR: French Industrial Production m/m: 0.3% VS 0.3%. FLAT FOR METALS
ReplyDeleteLME INVENTORY UPDATE:
ReplyDeleteALUMINIUM +7550,
COPPER +3625,
ZINC +4675,
NICKEL -120.
EUR: Sentix Investor Confidence: -14.7 VS -8.2. WEAK FOR METALS
ReplyDeleteUS- WHOLESALES INVENTORIES M/M: ACTUAL 0.9%,EXPE 0.5%, PREV 0.4%
ReplyDeleteIBD/TIPP Economic Optimism @ 7:30 PM (Act:49.3 Fore: 49.1, Pre: 47.5)
ReplyDeleteDATA IMPACT: DATA SAME AS EXPECTATION
COPPER LOW MADE 420.45
ReplyDeleteCOPPER LOW MADE 419.75
ReplyDeleteBUY COPPER @ 419.50
ReplyDeleteEXIT LOGS AND SHORTED AT 418
ReplyDeleteDONT HOLD OVERNIGHT POSITIONS ....
ReplyDeleteEXIT MARKET CLOSING BASIS