FM and copper retracement
copper is going to be retracing toward 2.18 by next monday, FM and copper were both almost at the year high, additionaly, there is no good news expected for the coming week, oil is getting worse and worse, and the chinese GDP meets expectation but i guess not enough to satisfy investor so Market is down. this weekend will be only talking about terrorism in france.
Copper goes by cycle the week before last week was up cycle, last week was the down cycle and this week was the up cycle and next week we will be down cycle.
i lost couple of k as i wasnt expecting this at all, but i dont think it is a good idea to average down at 10, because 10 is pretty high, this may soon stretches to low 9, see the spread today, i am suspecting FM to retrace alot to prepare for the Q2, it looks like people wants to load up at low price and run again.