Copper Futures (Nov 2017)Copper Futures (Nov 2017)Copper Futures (Nov 2017)

Copper Futures (Nov 2017)

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Copper Futures (Nov 2017) forum


HG1! big pump presumably off Trump's 50% tariff announcement for copper.





XAUUSD Gold is forming a bearish engulfing pattern on the 15-minute chart, signaling potential downside momentum.

Key Observations

- Large and tested zone: Higher likelihood of breaking through.
- Hurdle market: Possible retracement from current levels. MGC1! CL1! HG1!
Snapshot


HG1! USA Tarrifs will effect copper prices, prices will drop.

MHG1! Although it looks like a bargain, I would refrain from shorting until we see what the Chinese come up with on 31st.