But what about copper ?

Quote from Handle123:

I only trade Copper long term
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Lately, it's been a good short-term play as well.
What's your view long term ?
Will 3.40 hold ?
 
Quote from Handle123:

I only trade Copper long term, sometimes will use options to hedge if I first enter on a Thursday/Friday, otherwise I try not to use them.
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How do you expose yourself long and what is long term
 
Quote from cdcaveman:

How do you expose yourself long and what is long term
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He's likely long/short the futures contract and as he mentioned, he'll offset that position with a corresponding long put and/or short call if he is long futures or the reverse if he is short the futures.
 
Ah, the Obama win now makes this a tougher trade.
And a lower US dollar won't help the shorts.
Still, if US Equities tank from the fiscal cliff, this guy is going lower...maybe below $3.00.
 
Quote from syswizard:

Still, if US Equities tank from the fiscal cliff, this guy is going lower...maybe below $3.00.
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And there it goes.....down 4 cents already.
 
Despite incredible downward pressure, Copper held $3.44 today quite admirably. Up nearly 2 cents in Globex trading right now.
$3.40 is the big one....
 
All metals fairly strong today. Dec Copper up nearly 3 cents even as equities are continuing downward. This is the first "breakaway from equities" for copper in quite some time.
Likely some short covering happening here.
 
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