COMEX COPPER: Still showing bullish structure

Discussion in 'Commodity Futures' started by BORAMOR, Feb 3, 2021.

  1. BORAMOR

    BORAMOR

     
  2. themickey

    themickey

    Are you ElliotWave & Fib practitioner?
     
  3. BORAMOR

    BORAMOR

    yes
     
  4. themickey

    themickey

    Whats your call copper cash to the end of Feb?
    And seperately to end of March?
     
  5. All copper mines have huge profit margins at $360/lb. This level can't sustain for long because the supply is elastic. I am short three contracts. Not only because it's +EV, but also because it's negatively correlated to equities. When the sh*t hits the fan it's dropping below $2.5

    upload_2021-2-3_16-7-9.png
    upload_2021-2-3_16-7-34.png
    upload_2021-2-3_16-11-38.png
     
  6. maxinger

    maxinger

    It was.
    Now it is not.
     
  7. BORAMOR

    BORAMOR

    copper cont weekly 3.jpg
     
  8. BORAMOR

    BORAMOR

    copper cftc.jpg
     
  9. the average hedge fund does worse than an index fund, so who cares.
     
  10. BORAMOR

    BORAMOR

    This what you understand from the chart ??? Good for you
     
    #10     Feb 4, 2021