The Global Economy is slowing down.
China is slowing, DXY is spiking, and the case for base metals is starting to wane.
Looking at things like NG1! and Copper, things are starting to look like blow off tops.
I am slowly building a large longer term Copper short position that I can scale into - TP will me the weekly 50 SMA.
I have found the most rewarding types of trades are the one where things are way off side confirmed by Linear Regression, SMAs, and Bollinger Bands. When you have math giving you a statistical edge, that is something that you can lean into IMO.
China is slowing, DXY is spiking, and the case for base metals is starting to wane.
Looking at things like NG1! and Copper, things are starting to look like blow off tops.
I am slowly building a large longer term Copper short position that I can scale into - TP will me the weekly 50 SMA.
I have found the most rewarding types of trades are the one where things are way off side confirmed by Linear Regression, SMAs, and Bollinger Bands. When you have math giving you a statistical edge, that is something that you can lean into IMO.
Trade closed: stop reached:
Copper is breaking out - got flat stopped and rolled to long Copper. Weekly chart looks extremely bullish.
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