by, 2nd-June-2016 at 10:14 PM (383 Views)
Copper is looking interesting. Tuesday saw price try to break up out of VA twice but failed, giving way to selling pressure.
China GDP growth rate has been in decline since 2012 while their stockpiles last month were at record highs.. http://www.bloomberg.com/news/articl...tal-flows-east
CoT data shows Large Spec have been increasing short positions while Open Interest last week was at highest level for the year.
On the daily, RSI has been below 50 for almost all of the Month of May.
I went short on Wednesday at 2.094 and again yesterday at 2.064 with initial stoploss at 2.13, with intention of adding to this position ..
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