Do You remember what happend in the 80's? Soon :)
Could this be the form of a new upsloping channel? I like the potential of this. There's no doubt longterm copper is gonne gain. Just a mather of timing the entry. I was expecting a pullback to 2.45 (see link) But what i see now certainly has potential.
Uj only gold "related asset" at this point with some tough fights happening: Prefered scenario keeps the green Arrow one. Risk on on uj though. Trade safe
Chart says it all. Add in no momentum anymore, very bearish cot. And we are doomed to drop.
Sentiment is stil to bullish to go higher, further drops inbound. Kinda hoping to reach 18.58 = december low.
After the waterfall we had have a unique opportunity to at least test the february high. To make the story more intriging. Commercial cots are at a record high: prnt.sc cotbase.com Tickers we are buying: kko-international.com (not on tradingvieuw) Chart: www.bloomberg.com
gold/silver index simple idea on weekly: February low got broken indicating a trendchange. R/R for this month is better to the downside. A test of the bottom of the bb band area would be apreciated. I don't expect it to break 71.63.. The 76 area would be a nice area to reach before we can look for a turn back up. Longer term the trend is strong and remains up.
Copper weekend revision. Copper = inflation commodity On log scale its out of its long term bear channel (not on normal scale). I expect a fall to 2.45 short term as a possibility. However long term i stil believe in the inflation trade. But the market Always is the opposite of Obvious. Commercial traders have recognized this and our near record short. Indicating...
dxy stil on track to reach the key lvl of intrest. Act accordingly