No, it’s not. But it’s also not without precedent. Furthermore, I’d argue against strong global economies. The US yes. Most of the rest don’t look too great to me. I don’t see any reason for anyone to own any currencies beyond the dollar either. Which means further US equity strength
Copper - Tariff affect ?
- Thread starter syswizard
- Start date
No, it’s not. But it’s also not without precedent. Furthermore, I’d argue against strong global economies. The US yes. Most of the rest don’t look too great to me. I don’t see any reason for anyone to own any currencies beyond the dollar either. Which means further US equity strength
Well, well... copper looks to have made a hard turn and is close to completing a W, which would be very bullish. I haven’t had the chance to check out the other metals, but I was looking to short silver, and will have to dosect that chart a bit more. (Not that palladium trades with the other metals, but its recent strength has confused me- as well as cost me).
Commodities overall are at a huge make ot or break it point.
Commodities overall are at a huge make ot or break it point.
I've got a buy stop in Copper now (2.7585). Amazing how quickly things change. I've been off/on short metals for a while and now I'm seeking to go long. Pretty much based only on this week. Gold was the first to show a stop to the free fall, which was a bit of a mixed signal (I had both a short and a long stop in place, now only the long one). It looks like Copper is next, but moving quicker. Silver is still biased short, but if Gold/Copper move up, I might take a long on Silver before a signal.
This goes back to your Feng Shui comment... It might be time to look at ags for me (though I hate their trading hours). They've had the shit beat out of them.
Side note - I got saved on a copper short stop a few days ago that missed triggering by 1 tick (@2.51815). It would have sucked hard.
This goes back to your Feng Shui comment... It might be time to look at ags for me (though I hate their trading hours). They've had the shit beat out of them.
Side note - I got saved on a copper short stop a few days ago that missed triggering by 1 tick (@2.51815). It would have sucked hard.
I guess your buy stop has been triggered towards end of US session.
copper up probably due to bullish market.