Copper rallied on the false idea that Trump will rebuild America tomorrow. Obviously not, we still have a long way to go, what will Trump propose and what will Congress approve? The claim that he will balance the budget and spend $1 trillion dollars rebuilding is a pipe dream. Not to mention Debt ceiling negotiations with a republican in control will most likely...
Copper has also been rejected simultaneously. While this a weekly chart and a long term play, I expect the profits to substantial. Especially if the market admits a recession.
Longer term play but I expect a more profitable trade as well.
After all the Central bank news nothing has changed. GBP was already destroyed for no good reason post BREXIT. There is a massive short position in this pair which will help it push much higher in the weeks and months ahead.
We should see a bounce lower from these levels in teh days ahead.
Party is not over, DXY coming into resistance area at 100.50 I would expect a pull back where GBPUSD will push up higher.
A break of double support should bring CPA stock prive much lower. Not a short term play as none of my calls ever are.
Recession is coming. While this is hardly the holy grail of analysis. There is much more to it that I can't post here.