RajDhall
Long

Multiple timeframe Copper analysis

OANDA:XCUUSD   CFDs on Copper (US$ / lb)
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3
Could test recent highs
Kind regards

Rajan Dhall MSTA
fxdaily.co.uk

Comments

Base metals are also showing signs of improvement on the monthly and longer-term charts.
I'm wondering if we are going to see some nice returns in Copper - and other commodity classes.
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RajDhall Michael_Macdonald-XATSUK
@Michael_Macdonald-XATSUK, Agreed Mike my longer term worry is just Chinese demand though, but on a technical note its looking good
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@RajDhall, If you look at Copper v SPX, there are signs of asset rotation into base metals. The same for Ags, and, to a lesser extent, Gold and PM.

I'm still biased long comms, short equities for US assets, although that doesn't preclude further SPX gains in the coming weeks.
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