Tag : copper futures

A Break Out Is Looming In Copper
A Break Out Is Looming In Copper

Copper Futures—Copper futures in the May contract is trading lower by 160 points at 2.9040 a pound as prices hit a 9 month high in last week’s trade before profit taking has ensued. In my opinion if you take a look at the daily chart there are several different ways you could play this commodity if you are bearish I…

Gold Prices Unchanged For Trading Week
Gold Prices Unchanged For Trading Week

Gold Futures—Gold futures in the June contract is currently trading at 1,295 an ounce unchanged for the trading week as the trend remains sideways at the present time. If you are long a futures contract I would place the stop loss under major support which now stands at 1,284 as an exit strategy as I still have a bullish bias…