Tis the season for longs on commodities.
Updated
Entry: 0.5953
TP1: 0.6117
TP2: 0.6378
SL: 0.577
With Trump's back in office and his tariff policies back on the table, American-Chinese trade could very well end up decimated. On the flip side, the Aussie and Kiwi economy could find an opportunity to benefit from this as China will likely be pushed to rely more on their free trade agreement. Add that to the fact that, risk-on assets generally trend bullish during the holiday seasons.
TP1: 0.6117
TP2: 0.6378
SL: 0.577
With Trump's back in office and his tariff policies back on the table, American-Chinese trade could very well end up decimated. On the flip side, the Aussie and Kiwi economy could find an opportunity to benefit from this as China will likely be pushed to rely more on their free trade agreement. Add that to the fact that, risk-on assets generally trend bullish during the holiday seasons.
Trade active
Down, but not out....
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.