With ‘Doc’ Copper tiptoeing higher, we should prepare for a possible opportunity to short the July contract ‘mechanically’ if and when the futures get to the green line (x=4.026). The week ended on a downstroke that would require a last-gasp rally to reach our goal. This is a potential $65,000 winner on four contracts, with commensurate entry risk, so we would want to initiate the trade with a ‘camouflage’ trigger capable of drastically shrinking the initial exposure. I have no indication that subscribers trade this vehicle, but please let me know in the chat room if you’re interested. _______ UPDATE (Jun 28, 5:56 p.m.): The shorting opportunity is past, since the futures have sold off hard since narrowly missing our offer. The 2.956 downside target noted here earlier remains in play.
HGN23 – July Copper (Last:3.72)