COPPER (APRIL)
SELL AROUND 417.50
TARGET 414.50
ONCE CROSS ABOVE 419
THEN EXIT SHORTS AND GO LONG
WITH STOP LOSS BELOW 414.50
FOR THE TGT OF 421.80 AND 425
BUY AROUND 414.50
TARGET 417.50
ONCE BREAKE BELOW 413
THEN EXIT LONGS AND GO SHORT
WITH STOPLOSS ABOVE 417.50
FOR THE TGT OF 410.20 AND 407.10
TECHNICAL VIEW
MORE COMMODITY CALLS
TECHNICAL VIEW
TECHNICAL TREND: BEARISH
MAS:HEVEY SELL+ IS:HEAVY SELL= SUMMARY:HEAVY SELL
WAIT FOR LEVELS
ReplyDeleteMajor Events for the day -
ReplyDeleteEUR Industrial Production m/m @ 2:30 PM (fore -0.2%; Prev 0.3%) .
US PPI m/m @ 6:00 PM (fore 0.3%; Prev 0.4%) .
US Trade Balance @ 6:00 PM (fore -51.9B; Prev -52.6B) .
US Unemployment Claims @ 6:00 PM (fore 355K; Prev 357K) .
US Core PPI m/m @ 6:00 PM (fore 0.2%; Prev 0.2%) .
US Natural Gas Storage @ 8:00 PM (fore 22B; Prev 42B)
COPPER APRIL SHORTED @ 417.50
ReplyDeleteLME INVENTORY UPDATES:
ReplyDeleteALUMINIUM +8950 ,
COPPER -1075 ,
NICKEL -888 ,
LEAD -975 ,
TIN +75
ZINC -425
EUR: French CPI m/m: 0.8% VS 0.4% basemetal supportive KEEP LEVELS
ReplyDeleteEXIT SHORT @ 419 AND BUY @419
ReplyDeleteEUR: Industrial Production m/m: 0.5% VS 0.0%. SUPPORTIVE FOR METALS
ReplyDeleteUS Trade Balance @ 6:00 PM (Act: -46.0B, Fore: -51.9B; Pre: -52.6B) DATA IMPACT: SLIGHTLY WEAK FOR BASE METALS
ReplyDeleteCOPPER APRIL HIGH MADE 422.60
ReplyDeleteBOOK PARTIAL PROFIT AND MODIFY YOUR
SL TO COST TO COST LEVEL
WILL NOT CARRY COPPER POSITION FOR TOMMROW.
ReplyDelete