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Copper Futures HG1!

Short Bonds & Long Copper | Copper/Gold vs. 10yr YieldsIt looks like the Bond market hasn't priced in growth or we're going to see a nasty reversion trade in the materials sector and a bond pop. The Copper / Gold pair is a great proxy for inflation due to the divergent properties of the 2 metals. Copper is purely an industrial metal and a proxy for inflationary growth so the 10yr reacts correspondingly. Gold, on the other hand is a precious metal and trades similar to a monetary instrument and is loosely correlated to the long-end from the inverse yield relationship.
COMEX:HG1!Short
by mattcook
Copper: Getting Ready to LongAfter the amazing bullish run late last year Copper has been consolidating. I am now getting ready for the possibility that the correction is soon to be completed and looking for long set-ups. This wave count is by no means an expert wave count or meant to be exact but conveys my idea that there was a motive wave followed by a three wave correction (labeled (A)-(B)-(C) in the parallel channel (flag?)) that may be close to completing. My two areas of interest are: ~2.45 -- in this area Wave (A) = Wave (C). It is also the .5 retracement of the impulsive leg in copper which started in October, and may coincide with the bottom of the channel/flag ~2.38 -- in this are Wave (C) = 1.272 * Wave (A), and is also the .618 reatracement of the impulsive leg from October as well as the .5 retracement from last year's low to this year's high. A further drop to this level may also allow RSI to drop into oversold which would be a more ideal situation. My plan is to continue my recent strategy by trying to enter with very small risk upon a bullish candle on the small time frame once Copper reaches this zone, and move stops to breakeven after I am up a few pips (see my linked idea on the Canadian Dollar for more details about this strategy). If you have any comments or feedback on this idea or your own view on Copper please share! Best of luck in your trades.
FX:COPPERLong
by SharkbaitAl