Friday 28 February 2014
Buy a half-position in May copper market, [3.1960]
Use 3.1740 as a sell stop.
Copper appears to be setting up a buy scenario at what we
call the “danger point,” even though risk is reduced when
positioning near a danger point. It looks like a classical
transfer of risk from weak into string hands. A rally higher
in the next day or so will likely confirm this observation.