Improved consumer confidence and manufacturing data have caused traders to conclude demand for copper will rise. Copper prices are very sensitive to economic data as consumption varies with the state of the economy. Things are improving in China, the world's number one consumer, as well as the in the U.S., the world's number two consumer. Prospects in India show increasing demand for copper as well.
Copper prices were recently pushed down by worries over the European debt crisis, suggesting that austerity measures there would shake up the world economies sufficiently to reduce demand for copper. As that news grows older, and a bailout package seems more certain, attention is turned to improving economic data.
Our article on Copper is in the Archive section below.
02-06-2012: March Hi-Grade Copper: Economic Optimism
02-03-2012: March NASDAQ 100 Index: Earnings Trump Debt Worries
01-30-2012: March Natural Gas: Many Shale Discoveries
01-27-2012: March Cocoa: Weather and Unrest in Africa
01-21-2012: March Australian Dollar: Inflation Slows
01-16-2012: March Lumber: Moderate Housing Start Improvement
01-10-2012: March Chicago Wheat: Black Sea Origins Dominate
01-06-2012: March Orange Juice: Weather Temporary
01-02-2012: February Gold: Hard to Predict
12-22-2011: January Heating Oil: Inventory Declines but Mild Weather Dominates
12-12-2011: February Lean Hogs: Seasonal Factors Prevail
12-12-2011: March U.S. Dollar Index: Euro Dictates
12-05-2011: March Palladium: Engines Need More; Russia Departs
12-01-2011: December Oats: Tracking Corn and the Euro Zone
11-27-2011: March Rough Rice: Investors Head for Exit
11-16-2011: December Soybean Meal: China or S. America More Influence?
11-08-2011: December Coffee: Production On Increase
11-03-2011: February Live Cattle: Governments Crack Down on Animal Cruelty
10-28-2011: December Chicago Wheat: European Debt Old News
10-23-2011: January Platinum: Labor Strife at Some So. African Mines
10-13-2011: December Treasury Bonds: How High Can They Go?
Updated once a week (usually on Saturdays.)
Buy and sell prices are averaged where multiple contracts are involved, which is why they may not fall on an exchange tick increment.
02-06-2012: As Economy Brightens, So Do Copper Prices
Archive List
Performance
In some cases, where position initiation price was changed, it was the result of averaging a "roll forward" out of Feb. into new contracts.All Commodities Trades 01/03/2012 -02/04/2012:
# Commodity BS Buy Sell Last Gain Intended Rough Group
(Loss) Risk Percent
5 Mar Australian Dollr C 105.11 105.85 107.35 $ 3,550 14,950 11.4% Currency
5 Mar Cocoa L 22.19 23.00 $ 3,900 14,950 17.1% Softs
9 Mar U.S.Dollar Index C 79.22 79.64 79.10 $ 3,510 14,940 11.4% Currency
2 Jun Gold S 176.13 174.30 $ 3,600 15,000 17.1% Prec Met
2 Mar Heating Oil #2 C 303.00 308.40 311.40 $ 4,476 14,952 5.7% Petrol
8 Mar Orange Juice L 197.99 201.45 $ 3,912 14,988 17.1% Softs
1 Mar Coffee "C" C 211.80 218.70 215.90 $ 2,558 15,000 17.1% Softs
9 Mar Lumber S 261.40 262.50 $ -1,359 14,949 5.7% Lumber
9 Jun Live Cattle C 126.85 125.45 126.85 $ -5,310 5,040 3.2% Meats
9 Jun Lean Hogs C 98.10 97.13 98.10 $ -3,762 3,492 3.2% Meats
4 Mar NASDAQ 100 E-Min C 243.70 251.90 252.30 $ 6,440 14,880 5.7% Stock Id
12 Apr Natural Gas Mini C 2.51 2.99 2.68 $ 14,040 14,700 5.6% Nat Gas
11 Mar Oats C 293.20 314.20 314.20 $ 11,220 14,960 22.8% Grains
2 Mar Palladium C 682.20 714.10 708.80 $ 6,320 15,000 17.1% Prec Met
3 Apr Platinum S 163.21 163.19 $ -60 14,985 17.1% Prec Met
12 Mar Rough Rice C 135.54 146.21 138.80 $ 25,248 14,976 22.8% Grains
5 Mar Soybean Meal C 313.80 325.60 328.60 $ 5,750 15,000 22.8% Grains
4 Mar Treasury Bonds C 141.65 144.86 142.41 $ 12,720 14,960 5.7% Finance
3 Mar Chicago Wheat C 638.50 653.30 660.80 $ 2,130 15,000 22.8% Grains
Adjustment for Open Positions: -($ 9,993)
Prior to 1/30:
Other Gains/-Losses This Reporting Period: $ 231,930 ***
*** For Contracts Closed or Rolled Forward __________
Total for all Trades: $ 320,820
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Trading in commodities involves substantial risk and past performance is no guarantee of future profits. Zenith does not sell advice nor does it manage discretionary accounts other than its own. Readers should be aware of the vested interest that all traders/brokers have in encouraging other traders to make the same transactions. No one should follow investment advice blindly. This web site should be used only as a "sounding board" for confirming one's own opinion. Any suggested order placements should be reviewed and reset to fit current market conditions by individual traders.Recommendations may include trades which have already been made on the same or a previous day, otherwise the issue is placed on a "watch list." Suggested trades are based upon an approximate maximum $15,000 capitalization requirement per trade, depending upon initial contract margin requirements. Zenith's actual trades may be larger. $22 per round turn for futures is deducted from profit figures. Commodity option trade recommendations are not tracked, but performance should parallel that of the underlying commodity's.
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