Short term
Trade view / 30 September 2016 at 3:02 GMT

#SaxoStrats UPDATE: Copper under pressure from Fed outlook, strong USD

Global Macro Strategist / Saxo Bank Group - Singapore Hub
Instrument: OZL:xasx
Price target:
Market price:

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

Non-independent investment research disclaimer applies. Read more
Kay Van-Petersen Kay Van-Petersen
SierraPt. The desk analyst that did the work on this Hamish, is unfortunately no longer with the firm so cannot comment. I do know however it was a very long-term play, so as long as the company strategy & operations are intact his views should still stand.


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