ridethepig | Copper Driving China Capital Flows

Diupdate
As you can see the strong relationship Copper has with Chinese equities, you will notice what has been the case for these final stages of the economic cycle, metals have been moving miles ahead of equities.

We got the floor set in Copper as widely expected all year:

ridethepig | Copper Starting To Form a Floor?


Any dips now look competitive:

Copper next to lose its shine... Strong Dollar prevails


Copper has been allowed to outperform Gold:

Copper Allowed To Outperform Gold


Bulls need to reclaim the highs in Chinese Equities after the -10% leg:

The year of the 'consolidated' bull?


A weaker USD will help reinstate a bullish outlook for Copper, support clearly seen at $2.715, then $2.675 - which I expect to hold.

Thanks for keeping the support coming with likes and as usual jump into the comments with your charts and views to open the conversation up for all!
Catatan
...and we got the break!
Trading ditutup: target tercapai
Catatan
Well done all those trading the break, a superb move via Copper.
Catatan
ridethepig | SHCOMP Market Commentary 2020.01.31
Beyond Technical AnalysisCoppercopperlonghangsengCopper Futures HG1!hongkongridethepigTrend AnalysisWave Analysisxcuxcuusd (Copper)xcuusdlong

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