Copper next to lose its shine... Strong Dollar prevails
Updated
Those who have been following the Portfolio we are building on Tradingview will know where we are in the current Gold move (see attached ideas as we are not going to cover this here).
The upside in Dollar is here till Summer meaning we have a sharp leg to the downside in play for Copper. Gold has already moved first, and here expecting copper to start moving as collateral in this 'B' leg.
Keep a close eye on the DXY chart, let's open the discussion for all those Copper traders and see how it goes...
Best of luck all!
The upside in Dollar is here till Summer meaning we have a sharp leg to the downside in play for Copper. Gold has already moved first, and here expecting copper to start moving as collateral in this 'B' leg.
Keep a close eye on the DXY chart, let's open the discussion for all those Copper traders and see how it goes...
Best of luck all!
Note
Superb start to the move here. Watching closely as Gold looks particularly soft.Note
We are reaching the final targets for this sequence:
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