COPPER (APRIL)
SELL AROUND 419.50
TARGET 416.50 - 410
ONCE CROSS ABOVE 421
THEN EXIT SHORTS AND GO LONG
WITH STOP LOSS BELOW 416
FOR THE TGT OF 423.50 AND 426.70
BUY AROUND 410
TARGET 413 - 419.50
ONCE BREAKE BELOW 408.50
THEN EXIT LONGS AND GO SHORT
WITH STOPLOSS ABOVE 413
FOR THE TGT OF 405.75 AND 402.70
TECHNICAL VIEW
MORE COMMODITY CALLS
TECHNICAL VIEW
TECHNICAL TREND: BEARISH
MAS:HEVEY SELL+ IS:HEAVY SELL= SUMMARY:HEAVY SELL
Keep a positive attitude, no matter how much you lose.
ReplyDeletebuy@410
ReplyDeleteEXIT LONGS@408.50 AND SHORTED @408.50
ReplyDeleteCHINA'S GROWTH SLOWS FURTHER , WE ASSUME NEWS HAS MOSTLY FACTORED IN , METALS WILL REMAIN WEAK FOR THE DAY..
ReplyDeleteLME STOCKS UPDATE: COPPER -2700, NICKEL +942, LEAD -725, ZINC -775, ALMN -7425
ReplyDeleteEUR: Italian Trade Balance: -1.11B VS -4.35B:
ReplyDeleteBULLION / BAEMETAL SUPPORTIVE
EUR: Trade Balance: 3.7B VS 5.9B. : WEAK FOR BASEMETAL
ReplyDeleteLOW RISKY TRADERS EXIT FROM MARKET ..MARKET SOME VOLATILE LEVEL
ReplyDeleteCME Group said late Friday that it will cut margins for copper futures effective after the close of business on April 16.
ReplyDelete