We looked at Copper during today’s tutorial session and came up with a 2.0380 downside target that I’d expected to take weeks to reach. Instead, the May futures went into a power dive that came within less than two cents of the target in mere hours. I’d suggested bottom-fishing there and rated the trade an 8.8, meaning it’s about as juicy as they come. But the steepness of the plunge brought with it a heightened sense of the risk involved, so I will recommend the trade only to those of you who understand why it amounts to nearly $1800 per contract initially, if using a=260.50 (from weekly continuous chart, where a= 260.50 on 12/16/19). The entry trigger would come at 212.53 for a shot at p=219.55._____ UPDATE (Mar 19, 6:42 p.m.): Off a 197.25 low, the trade triggered at 199.45. Numerous subscribers reported getting aboard for what turned out to be a steep, exhilarating ride. Based on a so-far high at 291.50, this gambit could have produced a profit of as much as $5012 per contract.
HGH19 – March Copper (Last:214.65)