ridethepig | Copper Driving China Capital Flows
Aggiornato
As you can see the strong relationship Copper has with Chinese equities, you will notice what has been the case for these final stages of the economic cycle, metals have been moving miles ahead of equities.
We got the floor set in Copper as widely expected all year:
Any dips now look competitive:
Copper has been allowed to outperform Gold:
Bulls need to reclaim the highs in Chinese Equities after the -10% leg:
A weaker USD will help reinstate a bullish outlook for Copper, support clearly seen at $2.715, then $2.675 - which I expect to hold.
Thanks for keeping the support coming with likes and as usual jump into the comments with your charts and views to open the conversation up for all!
We got the floor set in Copper as widely expected all year:
Any dips now look competitive:
Copper has been allowed to outperform Gold:
Bulls need to reclaim the highs in Chinese Equities after the -10% leg:
A weaker USD will help reinstate a bullish outlook for Copper, support clearly seen at $2.715, then $2.675 - which I expect to hold.
Thanks for keeping the support coming with likes and as usual jump into the comments with your charts and views to open the conversation up for all!
Nota
...and we got the break!Trade chiuso: obiettivo raggiunto
Nota
Well done all those trading the break, a superb move via Copper.Nota
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.