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Xcuusd (Copper)

Copper XCU/USD (Quietly Rising)View On Copper XCU/USD (4 JULY 2020) Copper is quietly rising and it shall continue to do so. Now $2.6 region will become a great support for any pullback as copper price shall rise further toward $2.8 or $2.85 soon. DYODD, all the best and read the disclaimer too. Feel Free to "Follow", press "LIKE" "Comment". Thank You! Legal Risk Disclosure: Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor. DISCLAIMER: Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice. Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
OANDA:XCUUSDLong
by SonicDeejay
1
ridethepig | Copper Quarterly Update (via Supply Side Shortages)📍 Changing Directions... Let us first look at the previous charts for the flows we were tracking in the typical Copper flows inside a crisis: a) Confirming the correction, which is set from an abc retrace b) Momentum is in play here In the lows at 2.1 - 2.3 the clear move was loading on the lows. This was followed by an immediate slingshot out as smart money outguessed the shortages coming on the supply side. First to go as confirmed at the weekend, Chile, Covid has hit mines hard and most are back to 60% capacity AT BEST!! Chile is now a virus hot spot... it is sadly only going to end in one way. The slingshot carried out here is going to be effective at taking out the highs - a commodity shortage is a prelude to the monetary crisis which is cooked for year-end. Those V shapers have clearly not checked the most important chart that ironically begins with a V... VIX above 30 does not imply everything is fine... Thanks as usual for all those keeping the feedback coming in the comments... 👍 or 👎
COMEX:HG1!Long
by ridethepig
2
SOME CLUES ON THE S&P 500? Gold vs S&P 500 This chart shows the spread between gold and the S&P 500. I think the probability of retracing down to the 618 level and moving higher toward target is reasonably high. This implies the following: 1. Gold and the S&P 500 trade higher together, with gold taking a significant lead 2. Gold trades higher while the S&P 500 tanks 3. Gold trades lower but the S&P 500 tanks more than gold Gold has been moving in tandem with the S&P 500 recently, so it's important not to immediately assume the S&P 500 will tank and gold will rise. I think right now it's important to be very open minded of what's possible (always important to be open minded about market outcomes). Here is where things get more interesting... Copper looks very similar to the S&P 500/Gold Spread: I'd love to hear some thoughts on this.
COMEX:GC1!
by Lanmar
2