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markettech's Commentaries

Aug 12 2009

Did You Miss this Opportunity in the Copper Market?

by markettech
Overall Rating: Average rating is: 5 stars.

Copper Demand Affects Prices

 

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Source: VantagePoint Intermarket Analysis Software

 To see more FREE recent market predictions for metals go here!

The market increased by 47.65 dollars.

47.65 dollars = 11,912.50 USD per contract  (About 19 trading days)

When the blue line (forecast) crossed above the black line (actual), VantagePoint predicted the market to trend up. The Neural Index at 1.00 also indicated an expected up trend.

Copper prices have soared 96 percent this year, partly because of surging imports by China, the world's biggest metal user.

China's imports of copper and the metal's products in July dropped for the first time in six months, declining from a record, after stockpiles increased in the world's largest consumer.



Tags: metals
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On Aug 13, 2009 Traderawb said:
Traderawb
I entered at 23000, but have my stop at 25900. I am running a "close" stop using the 20 day average, but could move it to 26200 based on chart lows. I am assuming you closed out your position using some method and was wondering what that was, or is the amount you mentioned a "could of made if..."

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