ridethepig
Short

Copper next to lose its shine... Strong Dollar prevails

OANDA:XCUUSD   CFDs on Copper (US$ / lb)
Those who have been following the Portfolio we are building on Tradingview will know where we are in the current Gold move (see attached ideas as we are not going to cover this here).

The upside in Dollar is here till Summer meaning we have a sharp leg to the downside in play for Copper . Gold has already moved first, and here expecting copper to start moving as collateral in this 'B' leg.

Keep a close eye on the DXY chart, let's open the discussion for all those Copper traders and see how it goes...

Best of luck all!
Comment: Superb start to the move here. Watching closely as Gold looks particularly soft.
I agree with you but only if that channel up breaks downwards.

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ridethepig TradingShot
@TradingShot, Nice chart mate, good use of the channel. As long as Dollar remains above 94.6 holds we are on the right side.
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