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Tracking Economy with this Ratio – Copper vs Gold RatioThe Fed is using the Copper / Gold ratio in tracking economy and its growth. Currently, the copper / gold ratio is still trending downward, which indicates that the economy may not be recovering that soon. Copper Oil Futures & Options Ticker: HG Minimum fluctuation: 0.0005 per pound = $12.50 Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
COMEX:HG1!Long
by konhow
8
Copper is Next to Move, Why?Copper is next to move because the Chinese consumers may be coming back. In last December's tutorial, we discussed how Gold was breaking above $2K and set to move higher, which it did. In April, we anticipated that Silver would soon catch up, and it did as well. Now, I believe Copper will be next, not just based on technical but also on fundamentals. Micro Copper Futures Ticker: MHG Minimum fluctuation: 0.0005 per pound = $1.25 Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
COMEX:HG1!Long
by konhow
1
Smart Money Positioned to LONG Copper - COT StrategyDISCLAIMER: This is not trade advice. This is for educational purposes only to demonstrate how I am looking to participate in this market. There is significant risk involved in trading, do your own homework and due diligence. COT Strategy LONG Copper (HG) My COT strategy has me on alert for long trades in HG if we get a confirmed bullish change of trend on the Daily timeframe. COT Commercial Index: Buy Sentiment: Advisors very bearish is actually...bullish. OI Analysis: Multi week down move has seen OI decrease drastically while Commercials have added to longs = bullish. Valuation: Undervalued vs Gold & Treasuries Bullish Spread Divergence Supplementary Indicators: Acc/Dist & %R Remember, this is not a "Long Now" idea. These indicators are not timing tools. They simply tell us that this market could have a move of some significance to the upside, which we will participate in with a confirmed Daily trend change to the upside. Good luck & good trading.
COMEX:HGZ2024Long
by Tradius_Trades