Copper?

[easymon1]

View attachment 288520

day range is huge at 6%

It is the day traders' dream.

Smooth as silk.

 

[easymon1]

 

[maxinger]

Copper falls as weak Chinese trade data weighs on demand hopes
Reuters Published about 2 hours ago

Copper prices fell on Thursday, as subdued trade data from top consumer China darkened the economic outlook for the country, weighing on the metal’s demand prospects.


____________________________________

Shanghai, Comex, and LME copper down it goes in tandem.

Comex copper is now at 3.76.
3.81 was the recent support.

But China A50 Index hardly moved.


_________________________

 

[easymon1]

"Data on Wednesday showed"
"subdued trade data from top consumer China"
What report listed this information?

Was it in these reports from May 10 or some other?
CN:CPI
9:30 PM ET

CNPI
9:30 PM ET

 

[maxinger]

"Data on Wednesday showed"
"subdued trade data from top consumer China"
What report listed this information?

Was it in these reports from May 10 or some other?
CN:CPI
9:30 PM ET

CNPI
9:30 PM ET
View attachment 314571 View attachment 314572

China CPI & PPI data was released today Thursday during the China morning session.

 

[easymon1]

Yangshan premium
https://www.dogpile.com/serp?q=Yangshan+premium&sc=yeyYADmv5OEL10

 

[maxinger]

Yangshan premium
https://www.dogpile.com/serp?q=Yangshan+premium&sc=yeyYADmv5OEL10

Huh? outdated news?

 

[easymon1]

That's why Charts, lol.
That China CPI PPI rocked HG price nicely for whatever reason, who gives a shit why. Watch that chart.
That 'news' piece is after the fact eye candy 'explanation'.

 

[maxinger]

Copper falls as weak Chinese trade data weighs on demand hopes
Reuters Published about 2 hours ago

Copper prices fell on Thursday, as subdued trade data from top consumer China darkened the economic outlook for the country, weighing on the metal’s demand prospects.


____________________________________

Shanghai, Comex, and LME copper down it goes in tandem.

Comex copper is now at 3.76.
3.81 was the recent support.

But China A50 Index hardly moved.


_________________________

copper - quite an impressive move of > 4% for today.

 

[maxinger]

My point, indeed.
That's why Charts, lol.
That China CPI PPI rocked HG price nicely for whatever reason, who gives a shit why. Watch that chart.
That 'news' piece is after the fact eye candy 'explanation'.

The news surfaces typically many many many hours or days later.
Because many professional writers sleep and sleep and sleep.

It is not easy to get accurate it-make-sense copper-related news.

I like this website

newsnow.co.uk

it is free and good.