Grasberg Strike Settled, Copper Pricing Heading South?

Discussion in 'Metal Futures' started by synchro, Apr 21, 2007.

  1. synchro

    synchro

  2. copper futures are pointing north at the moment in Asian trading so who the heck knows about europe and USA trading later on
     
  3. synchro

    synchro

    Not much action in GLOBEX Sunday night. Shanhai market is up though, so at least Shanghai didn't think the Grasberg situation is bullish or bearish. Perhaps the strike settlement is already baked in.
     
  4. synchro

    synchro

    Perhaps I spoke too soon.....around 1pm the Shanghai market started to sell off. GLOBEX dropped in tandem... from about 3.62 to stabilizing around 3.58 bid 3.59 ask. As usual -- impossible to enter at a good price.