Metals Long Theme on Weak USD and China Bounce

Chart based progressive global trading strategies, Chart Partners

Thomas Schroeder

Chart based progressive global trading strategies

Chart Partners

Chart Partners objective is to discover medium-term cycle turns and profit opportunities before they unfold, within structural trends while preserving capital with clear degrees of risk. We have real return ideas. 

Markets are dynamic and trading systems must reflect this. It is crucial to determine underlying correlations and lead-lag relationships within global markets and the impact on linked instruments. Our weekly Chartonics product gives you short-term trading strategies that can be applied within the medium and longer term macro trends that are mapped out in our strategy updates. 

Our methodology fuses global market variables and isolates drivers in trends. We specialize in FX, index trade in NY and Asia with a focus on Asian stocks. 

Technical Analysis

<p>Copper has formed a macro dual top at the 3.30 zone but the stage is set for a reaction trade higher from price support at the 2.72 level and a key risk pivot point to work with. A bounce would also be in sympathy with the China bounce that is unfolding and will produce a trade in copper and metal linked stocks in HK and the likes of RIO and COPX. A bounce in copper also aligns with a pending top for the USD in parts of Asia, given the USD rally is in the final innings.</p><p>The break of 2.95 support…</p>

Copper has formed a macro dual top at the 3.30 zone but the stage is set for a reaction trade higher from price support at the 2.72 level and a key risk pivot point to work with. A bounce would also be in sympathy with the China bounce that is unfolding and will produce a trade in copper and metal linked stocks in HK and the likes of RIO and COPX. A bounce in copper also aligns with a pending top for the USD in parts of Asia, given the USD rally is in the final innings.The break of 2.95 support…

Copper

Copper Play off of Solid Support