Short Copper

4 Mei 2014

The bounce in early May from and near the 3 mark looks as if it has run its course, with a pullback from 3.065-3.070 down to 3.035-3.040 likely to occur by May 7th, if not in the early part of the coming week. I went short at 3.067 and view the odds of the trade working out, even with the possibility of some early (fake) strength in Asia on Monday as 70/30.