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Anyone bullish on copper at these levels


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Anyone bullish on copper at these levels

  #1 (permalink)
metahominid
Peterborough,NH
 
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I just started trading copper and I wanted to trade it the rest of the year up and down. What should I be looking for besides the dollar, chinese data, and bonds?

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  #3 (permalink)
 
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 rocksolid68 
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metahominid View Post
I just started trading copper and I wanted to trade it the rest of the year up and down. What should I be looking for besides the dollar, chinese data, and bonds?

Hey @metahominid,

You may want to follow Peru and Chile since they produce more copper than China! Watch their currencies, the dollar, etc. Watch other commodities too.

Good luck!

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  #4 (permalink)
metahominid
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rocksolid68 View Post
Hey @metahominid,

You may want to follow Peru and Chile since they produce more copper than China! Watch their currencies, the dollar, etc. Watch other commodities too.

Good luck!

Alright yeah, I knew South America was an influence because of the number of mines. Volatility has seem to died down. I bought a contract at 2.0795 last week.

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 rocksolid68 
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metahominid View Post
Alright yeah, I knew South America was an influence because of the number of mines. Volatility has seem to died down. I bought a contract at 2.0795 last week.

How long have you been trading?

Why copper?

Why long?


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  #6 (permalink)
 myrrdin 
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metahominid View Post
I just started trading copper and I wanted to trade it the rest of the year up and down. What should I be looking for besides the dollar, chinese data, and bonds?

Seasonals are bearish until middle of November, COT data is mildly bullish.

Copper is overbought, and looks vulnerable to a hawkish dialogue tonight if it occurs.

Best regards, Myrrdin

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  #7 (permalink)
USS Liberty
Pittsburgh PA
 
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Is there a weekly copper inventory report similar to the weekly crude oil inventory reports in the US that spike volatility at the time of their release?

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 SMCJB 
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But EVs....

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