In the last 4 weeks around 16,424 new short contracts were opened for copper while in the same period of time we got a net 700 old long contracts closed for this commodity.This is very bearish and copper prices should keep going down in the next weeks.Check my energyandmetals charts on my free websites:http://futuresandoptions.wix.com/cotswingcharts and http://afaria32.wix.com/cotcharts and http://cotswingcharts.wix.com/freecotcharts and http://cotreportfreeswingcharts.my-free.website/
My bullish vs bearish opinions/signals and charts on this blog or social networks are not a recommendation to buy, hold or sell securities.You need to do your own research when it comes to investing your money because there is no foolproof algorithm or strategy that can assure you a profit.You can only lower your risk of trading by getting more and better information.By following up my blog posts you will find out which securities have the highest vs lowest risk of trading.
Saturday, 31 October 2015
Copper
In the last 4 weeks around 16,424 new short contracts were opened for copper while in the same period of time we got a net 700 old long contracts closed for this commodity.This is very bearish and copper prices should keep going down in the next weeks.Check my energyandmetals charts on my free websites:http://futuresandoptions.wix.com/cotswingcharts and http://afaria32.wix.com/cotcharts and http://cotswingcharts.wix.com/freecotcharts and http://cotreportfreeswingcharts.my-free.website/
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