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anybody bullish on copper


Discussion in Commodities

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anybody bullish on copper

  #1 (permalink)
nemeis45
delhi, delhi, india
 
Posts: 59 since Dec 2013
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pretty odd spike coming up on 24th dec
i feel this is a good entry point for a move up . hold it for a long term
any one knows the reason behind the move up?

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  #3 (permalink)
Jvvv
Chicago
 
Posts: 7 since Jan 2014
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Look for a Short covering buy opportunity on a break above the High (335.65) of 1/9.

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  #4 (permalink)
Dunstan
Budapest + Hungary
 
Posts: 5 since Jan 2014
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Have a look at the recent cot report... you'll see that Traders are becomming pretty extreme about copper. I wouldn't say that the rally is over, but if Large Speculators keep on building up their net long positions / Commercials their net short (LS reach let's say net long 35.000 contracts), then the picture will become pretty bearish...

All the best,
Dunstan

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  #5 (permalink)
proman
Wheaton, MD
 
Posts: 9 since Mar 2014
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Actually, now you should start selling copper, because there are strong concerns about Chinese economy growth during this year. And China is one of the biggest copper consumers in the world.

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Last Updated on March 13, 2014


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