1. Copper - China - CNY - Yuan
COT Report: -66,642 net positions as of 04/30/24 - Yearly High
Fundamentals:
CNY - Positive Manufacturing PMI (Forecast 50.3, Actual 50.4)
Summary:
Despite positive PMI, Copper prices faltered, hinting at possible market extremes. Possibility of another turning point.
In conclusion, a synthesis of price action, net positions, and news events provides valuable insights for potential turning points in these markets.
COT Report: -66,642 net positions as of 04/30/24 - Yearly High
Fundamentals:
CNY - Positive Manufacturing PMI (Forecast 50.3, Actual 50.4)
Summary:
Despite positive PMI, Copper prices faltered, hinting at possible market extremes. Possibility of another turning point.
In conclusion, a synthesis of price action, net positions, and news events provides valuable insights for potential turning points in these markets.
Trade closed manually:
I have closed this trade down on a loss off -0.26% of my account.