#SaxoStrats UPDATE: Copper under pressure from Fed outlook, strong USD
See #SaxoStrats: Copper under pressure from Fed outlook and strong USD.
Management and risk description
We got stopped out ITM in our second leg of our OZL AU short yesterday (had moved the stop to entry price of $6.39, after hitting the initial target of $5.50)...
That left a NP of +6.5%, *0.50 = +3.25%...
We still have our 358 Hong Kong short open, which is around break-even levels.
— Edited by Robert Ryan
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