ridethepig | Copper Driving China Capital Flows

OANDA:XCUUSD   CFDs on Copper (US$ / lb)
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!
Jan 02
Comment: ...and we got the break!
Jan 07
Trade closed: target reached
Jan 13
Comment: Well done all those trading the break, a superb move via Copper.
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