But what about copper ?

Obviously, I meant Demand.

 

Any bets on IF and WHERE we might bounce up here ?

Huge support at $ 3.25 is only a nickle away from April Copper's level today.

 

Copper holding up well despite poor economic outlook.
Seems to be following gold to some degree.

 

Indeed, we are up 3 pennies this morning despite the potential glum outlook by Alcoa.

 

China's low-inflation data suggests further upside for the red metal.
Bloomberg this evening : many pros on the short side of copper.

Pull shorts now, await 3.45-3.50 to re-short.

 

COT has it going up ..
http://www.elitetrader.com/vb/showthread.php?s=&postid=3775913#post3775913

 

Zooming today on short covering. I'd say short anything near $3.50.
Market was definitely heartened by the hold at $3.30.

 

Beautiful Murrica - perfect spot for copper to hold.
Long term still looks south.....especially after Uncle Benny runs out of bullets.

 

I been short since July 2011, lots of rollovers, took profit on half, finally added on trendline bounce in Feb 2013 and again took profit on half. I trade off the monthly/weekly charts for my signals. All my stops are at adjusted breakeven and I have nada that allows me to get out of these trades or move my stops.

All my backtesting through the decades have always came back to same ideals, I have to be numb to my monthly account balances in order the wait for the big haul on a few markets each year. Except for a money target on half, have no idea where it is going, I never read any news, don't look at it till the weekend even though it is computerized. I will from time to time see if Jim Rogers has offered any news brief. This is a real boring way to trade, but....