Member Info for Roydon1

Yes, agreed, well done Autonomy, I think once the US Stimulus done, we will see a drop.
I took off 50%, just in case it decide to carry on climbing.
I didn't expect it to hit 350 today, I thought, maybe by the end of the week !
But I think 350 is a virtual barrier, and might bounce down now, before moving up again.
GL

Morning Causal, All
Good start today, hopefully we will break away from the (260 - 310) range, we have been stuck in it for a while now
Time to move Forward & Upward
Next resistance will be at 350, hopefully soon .
GL & Fingers Crossed

Glad you OK !
Yes, I agree, looks like a nice rise coming our way.
Fingers Crossed & GL

Good Morning Causal,
Are you still with us here, or had enough ?
Hope you are OK !

It seems that the SP is consolidating in the range 260 - 320 for the last few trading sessions.
It has bounced of the support at 260 about 4 times , but then, cant stay above 330 !
I reckon the next move will be up to 330 again, and if it beak through this resistance line this time, then it might rise further, to around 350.
Lets wait and see
GLA

Rastuss : As you said, "It’s going to make a direct investment in Baimskaya look less attractive to potential partners", and they decide then to scarp this project, then I think this would be great news, the extra debt would be gone, isn't it ?
Lets wait and see !

Doing well at the moment, compaired to the rest of the market.
But not sure for how long !

Colonel Drake, From your name, I take it that you are an oil trader ?

Hey Autonomy, no worries, as they say "Great minds think alike " :)
Lets hope we have a nice rise tomorrow
All The Best

I don't understand the SP today, it slide down to 260, then takes of like a Rocket , no logic !
Unless , there is tree shaking , and shares scooping, which explain the Big swing today
I wonder why ?

Causal, No I didn't, I missed the slid down , also wasn't sure where was the bounce, so didn't trade
It is not easy, and if I sell , and it goes up, then I loose
Never mine, there are always other chances coming up.
Slowly slowly catch a monkey !

Very strong at the moment , contributing to copper price drop
https://www.investing.com/news/stock-market-news/dollar-rules-ecb-stimulus-boosts-bonds-2114853

Also Crude Oil up 13.5% at the moment
Copper and Oil prices seems to be coupled .

Morning Causal , Maybe because of this :
Chilean miners seek shutdown of BHP's Escondida copper mine
https://seekingalpha.com/news/3553063-chilean-miners-seek-shutdown-of-bhps-escondida-copper-mine?utm_source=investing.com&utm_medium=referral

Closing above 320 today , or even above 325 ??
Not sure, But I Hope !

Evening Causal,
Thanks my friend, and I fully agree about the volatility that can be used to make profit, but as I said, it is not easy, because the prices in Volatile times can move very quickly .

Evening Katnick,
I do what Autonomy said in his post, I look at the share price, if it gets a bit over bought (means, it went too high) then I sell and wait until it gets low enough to buy again, but because the price is cheaper, then I will be able to buy more shares from the proceeds of selling, and my holding price average will get a bit lower (not much), but if you keep doing this, it makes a difference over time.
I mainly use the 1 minute , 5 minute and 10 minute charts to follow the price and make the correct call to buy and sell
You will need to have these charts live (no delay) as it takes few seconds for the price to jump sometimes, and you loose the trade.
Note easy, but can be done.
There are other factors too, you should consider how much you are charged for making the trades , because it adds up, if you make few every day, also don't forget that you pay 0.5% tax every time you buy a share.
If you have any other questions, please let me know
All the best with your trades.

I did Causal, but it is not easy, as copper is changing direction so many times, and KAZ follows
If you get it wrong, you loose !
I was lucky today :)
I am just trying to accumulate shares at the moment, buying and selling small amounts and gaining couple of hundred shares each time, I don't have spare cash to buy more, so trying to trade my average price down.

Gap Filling from 12 March

Chile closes borders !
https://www.investing.com/news/world-news/peru-deploys-military-to-slow-coronavirus-spread-chile-closes-borders-2111943
I wonder if this means a big deficit in Copper Supplies, as Chile is the biggest world producer.