Thursday Evening 26 February 2015

Sell the half-position of May copper market, [2.694]

25 Feb – Buy 2.639
27 Feb – Sell 2.694

Gain = 550 tics, $1,375 less $15 commission per contract

Price is at/near a potential area of resistance, and with just
a half-position, we act more quickly to preserve profits when
available.  Today’s volume was significantly higher, and it
could be short-term profit taking selling into new buyers, or
price can continue to rally significantly.  Not knowing or
being certain which side will prevail, the proverbial profit
bird in had makes sense.

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