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COPPER-OIL

Copper & Oil : Are commodities about to surge? Copper is showing great pattern consolidation. it appears to be putting in a daily bull flag pattern that looks poised to breakout. If copper follows some of the other recent price action in the commodity space it makes it even more likely to surge., You're seeing #gold #uranium #oil and other all performing well. Will this dampen and slow down the dis inflation expectations? Perhaps. I am long SCCO with members and have already secured some profits today with members. I do think there is more strength to come in copper.
BLACKBULL:WTI
by Trading-Capital
1
Key Levels and US Market Review for the Asian session open 26/05A handful of AI related Tech stocks supported the broader market in the US while the DOW continued to edge lower into a longer term support zone. US Debt ceiling talks took a step in the right direction albeit a very small one...I do not expect a deal until the last minute as US Politicians enjoy the limelight. The USD continued higher putting pressure on dollar denominated currencies and commodities while US Bond yields continued to re-adjust higher and factor in sticky inflation. Expecting mixed open in Asian markets with the ASX200 expected to start flat while the Hang Seng expected to open down 180 points and the Nikkei to open up 180 points. I expect that there is major concerns over the US economic slowdown brewing, and how the US is going to fund its debt with GDP easing. Longer term trends are for interest rates to level out but potentially later rather than sooner which will put more pressure on the economy. KEY ACTIONABLE LEVELS into the Asian market session. Review of the European and US sessions and what that will mean to the price action in the near term along with key levels to watch. Markets covered :- DOW Nasdaq DAX FTSE ASX200 Hang Seng USD Index Gold Oil Copper ** If you like the free content then follow my profile to get more daily ideas and learning material ** ** Comments and likes are greatly appreciated. **
NYMEX:CL1!
by TradeTheStructure
Key Levels and US Market Review for the Asian session open 12/05Markets came under pressure again on concern of an economic slowdown. Europe was hit lower with the DAX and FTSE100 looking weak. US data out weighed on the US open to pressure key indexes lower although tech and the Nasdaq remain relatively strong. US data out was mixed with unemployment claims higher and PPI showing strength. The uncertainty sent USD higher and commodities lower with Copper taking a hit. Expecting a mixed open for Asia with the ASX200 to open slightly weaker while the Nikkei and Hang Seng set to open up. If inflation is truly remaining 'sticky', coming economic data will be the major focus and I expect this will translate to choppy markets or further pressure from sellers looking to lock in some gains. Some KEY ACTIONABLE LEVELS into the Asian market session. Review of the European and US sessions and what that will mean to the price action in the near term along with key levels to watch. Markets covered :- DOW Nasdaq DAX FTSE ASX200 Hang Seng USD Index Gold Oil Copper
NYMEX:CL1!
by TradeTheStructure