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Have Copper Prices Bottomed ?

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Copper Futures---Copper futures in the December contract settled last Friday in New York at 2.5625 a pound while currently trading at 2.625 up about 600 points for the trading week as prices are right near a 4 week high. In my opinion I believe the 3 year low which was hit on September 2nd at 2.4675 will hold as a possible trade agreement between the United States and China could be announced later this afternoon as that would certainly be a bullish fundamental factor towards higher prices.

I am looking at a bullish position in the coming days ahead as I do think a longer-term bottom has taken place as the chart structure is excellent at the present time therefor the risk/reward is in your favor.

Copper prices are trading above their 20-day but slightly below their 100 day moving average standing at 2.6400 as the volatility is also starting to increase as I have many bullish recommendations at the present time as I do think commodity market across the board look cheap especially if a very good trade agreement comes about as I see no reason to be short copper at these depressed levels as I want to play this to the upside.




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




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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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