Copper weekend revision.
Copper = inflation commodity
On log scale its out of its long term bear channel (not on normal scale).
I expect a fall to 2.45 short term as a possibility.
However long term i stil believe in the inflation trade.
But the market Always is the opposite of Obvious.
Commercial traders have recognized this and our near record short.
Indicating short term down presiure is near.
Short is a distinct possibility before we can continue the reflation trade.
Copper = inflation commodity
On log scale its out of its long term bear channel (not on normal scale).
I expect a fall to 2.45 short term as a possibility.
However long term i stil believe in the inflation trade.
But the market Always is the opposite of Obvious.
Commercial traders have recognized this and our near record short.
Indicating short term down presiure is near.
Short is a distinct possibility before we can continue the reflation trade.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.