Copper

Tuesday  28 May 2013

Stopped out of position at price, 3.3145

28 May Buy 3.220
28 May Sell 3.145

Loss = 75 tics, $187 plus $15 commission per contract

The daily price chart is holding above a half-way retracement
since the high volume rally off the early May low, and we have
been looking for an entry.

We priced into an intra day breakout that had a wide range up,
high-end close, and increased volume.  That bar did not hold.

If the integrity of the overall structure maintains, another probe
from the long side will be warranted, if a set up develops.

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