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Copper Futures: Metals Commentary from Fortress Capital

Posted 05-19-2011 at 10:08 PM by fcfutures
Updated 05-20-2011 at 10:22 AM by fcfutures

Fortress Capital Analysts have identified a selling opportunity in the June Copper contract. Copper has been in a downtrend since 4-11-2011. On 5-18-2011 Copper tested the downward trend line and was unable to break it. On 5-19-2011 we saw bearish momentum return to the market. With this trend line and bearish momentum we feel this is a good opportunity to look for a short position.

Sell June Copper @ 403.60 Stop

Buy Stop 411.40

Buy Limit 392.00

For further updates on trades and more commentary visit our website: Fortress Capital
DISCLAIMER: There is a substantial risk of loss in trading futures and options; such trading is not suitable for all investors. Past performance is not indicative of future results. The information and data in this report were obtained from sources considered reliable. Their accuracy or completeness is not guaranteed. Fortress Capital, its officers and directors may in the normal course of business have positions, which may or may not agree with the opinions expressed in this report. Any decision to purchase or sell as a result of the opinions expressed in this report will be the full responsibility of the person authorizing such transaction
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