Copper FuturesLong
$HG1 DR.COPPER TELLS US THE TRUTH NOT USOIL
Copper above all else is the best gauge for the future prospects of the economy. Highly dependent on developing nations and stimulus within the Chinese economy, we see the price as much more important to that of oil. What is of great interest is to how the price of copper was warning in 2018 that harder times were ahead. The euphoria within the equities market in mid 2018 blinkered many to what was to ensue. We see the halting of trade tensions between the USA and China as a firm base for the price of copper to rise significantly.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.