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Copper. short ... excellent entry point and the end of the China copper bubble.


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#1 ogm

ogm

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Posted 24 May 2013 - 06:20 AM

There is a zillion and a half reasons to be short copper. Weak economies, huge supply, weak technicals, etc.

Read this to understand how copper was used in china for financing, and why its now over.
http://www.zerohedge...as-lehman-event

This is an excellent entry point as copper has bounced to the moving averages and is starting to fail back down.

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Edited by ogm, 24 May 2013 - 06:21 AM.


#2 ogm

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Posted 24 May 2013 - 06:31 AM

Here is weekly for some more perspective.

The potential here is huge. And a very easy stop level on the break back above this trendline.




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Edited by ogm, 24 May 2013 - 06:32 AM.