The bullishness in copper is misguided, in my opinion.
Sustained dollar strength always hurts commodities in the longer term.
The chart shows inverted dollar versus copper.
A big fat juicy divergence, along with likely continued dollar strength due to a structural off-shore dollar shortage, should put pressure on commodities.
Sustained dollar strength always hurts commodities in the longer term.
The chart shows inverted dollar versus copper.
A big fat juicy divergence, along with likely continued dollar strength due to a structural off-shore dollar shortage, should put pressure on commodities.
Trade active
In progress, commodities weakening. Progressive weakness in copper should shift bearish focus onto equitiesNote
Going as expected
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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.