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Excellent Chart Structure In Copper

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Copper Futures---Copper futures in the July contract are down 210 points at 2.6500 a pound in a relatively quiet trade this Wednesday afternoon in New York looking for some fresh fundamental news to dictate short-term price action.

I have been recommending a bearish position over the last couple of months from the 2.8240 level and if you took that trade the stop loss now stands at 2.7020 on a closing basis as that was yesterday's high.

Copper is trading above its 20 & 100 day moving average, but for the bearish momentum to continue we have to break June 7th low of 2.5995 in my opinion so stay short & continue to place the proper stop loss as we are just an eyelash away from being stopped out. Volatility in

Copper is average at the present time as prices are still hovering right near an 18 week low as we have stalled out over the last week consolidating the downdraft in prices that we have witnessed from the April 17th high of 3.0010 as weak demand and a relatively strong U.S dollar continues to keep pressure on prices.




If you are looking to contact Michael Seery (CTACOMMODITY TRADING ADVISOR) at 1-630-408-3325 I will be more than happy to help you with your trading or visit

Skype Address: 5da1f85979b7117b




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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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