Tuesday, October 23, 2007

Stopped Out Of December Copper

Stopped out of the Short Dec. Copper position today with a 41% return on investment.
Once again, the stop did the duty it was asked to do.

I am looking for a counter-trend rally here to carry in the 3.62 to 3.66 area on the December contract.

From this counter-trend rally high I will look to sell short again for the potential collapse in prices.

With the stop out in Copper, the commodity account is completely in cash and awaits another high probability position.


No comments:

Trend Analysis LLC Headline Animator