PieterSteidelmayer
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I have been short copper for some weeks now based on primarily fundamental factors such as upcoming surge in supply over the next few months based on production schedules and on-going decreases in demand.Falls in recent days have not had the expected impact on synthetics' volatility or premium so I added those to my overall short holdings feeling like I've got a bargain.Buyers remorse set in as I relaized those boys don't normally get it wrong or misprice so I am extremely wary that I may have misjudged the situation and am ready to dump the lot at the first sign of trouble.
If spot hasn't cracked the 3.00 barrier coming into the Friday open I will give serious consideration to liquidating my entire position at market.
If spot hasn't cracked the 3.00 barrier coming into the Friday open I will give serious consideration to liquidating my entire position at market.