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I Am Bullish Copper Prices

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Copper Futures--- Copper futures in the December contract settled last Friday at 3.03 a pound while currently trading at 3.1230 up about 900 points for the trading week continuing its bullish momentum as I'm not currently involved, but I am bullish prices as I am waiting for the chart structure and the risk/reward to be in your favor as I'm looking for some type of price retracement before entering into a bullish position.

The main culprit for higher prices in copper is strong demand just like in the lumber market which is hitting another contract high today as we rebuilding parts of the South & Puerto Rico which is causing physical demand for both of these products and I don't think that's going to stop anytime soon, as I'm certainly not recommending any type of bearish position as I do think higher prices are ahead.

Copper is trading above its 20 and 100 day moving average telling that you the trend is to the upside as I had a bullish position several months ago that worked out well, as now I'm looking at entering once again as the U.S housing market is also very strong coupled with the fact that economies around the world are improving as it still looks to me that prices have room to run to the upside.TREND: HIGHERCHART STRUCTURE: POOR

If you are looking to contact Michael Seery (CTACOMMODITY TRADING ADVISOR) at 1-312-224-8140 I will be more than happy to help you with your trading or visit

Skype Address: mseery TWITTER---@seeryfutures



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About the author

Michael is the sole owner of SEERYFUTURES.COM which is a commodity futures and options consulting, advisory, and educational firm.

Michael frequently appears on multiple business networks including Bloomberg News, Fox Business, CNBC Worldwide, CNN Business, and Bloomberg TV. He also writes market commentary for several commodity websites and is interviewed for commodity comments by the Wall Street Journal. He is also a guest on First Business, which is a national and internationally syndicated business show.
Michael started his career in 1990 at the Chicago Board of Trade as a runner. He soon worked his way up to becoming a Series 3 broker. He works with seasoned traders as well as novice beginners educating them on trading the futures markets as well as using simple and complex option strategies. Michael covers all markets including grains, metals, energies, and all other futures markets that are traded.
To Michael the biggest lesson any trader needs to learn is risk management. Michael believes this is the most important factor in trading. He also works with traders to help them determine the proper risk for their trading style. Michael has spent a lot of time educating his clients to help them understand trading strategies and trading techniques while enjoying spending quality time with customers going over the markets or just talking general trading philosophies.

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