Short December12 Copper
I think this is a sell stop 3.7385 with protective stop above friday high and target objective 2.5630. Chinese economy who is driving the sector is slowing down and copper is in a seasonal weak period till the end of the year. This seems a good opportunity to enter a short position.
Read the competing purchasing managers index released today 29/09/12:
markiteconomics.com/MarkitFiles/Pages/ViewPressRelease.aspx?ID=10116
Read the competing purchasing managers index released today 29/09/12:
markiteconomics.com/MarkitFiles/Pages/ViewPressRelease.aspx?ID=10116
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.