Quote:
Originally Posted by trader123
There is a resistance at $385, copper price looks weak as USD starts to strengthen in advance of Fed meeting on wednesday.
Shorted 1 lot of Comex Copper July at $382.20
Place a GTC stop at $387
Target level at $375
Value of 1 point = US$250
See here for copper chart: Metal Trading: Short 1 lot of Comex Copper July at $382.20 |
Copper has fallen to $377.85 now, decided to take profit at $378. Realised profit is US$1050.
See here:
Metal Trading: Short 1 lot of Comex Copper July at $382.20 (Closed)