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Strategies & Market Trends : SiliconInvestor All Stars Forum
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From: Mike Johnston2/12/2007 8:52:10 AM
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My trade idea : long copper right here around 250-251, stop around 247.

Reasons:
1. China resumed imports in a big way, up 44% y/y in January, demand is still there.

2. Possible "support breakdown failure" of 248 level, giving low risk entry.

3. Heavy short position by speculators.

Note: return below 248 negates negates bullish view.
Clearance of 253-254 would confirm bullish view.
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