Copper: Inflation is manifested in asset prices...for now

Copper is acting strong here, so far the 2 day timeframe had captured a good rally here, and subsequently spotted the bottom of the correction after it hit the target. There is another signal active here, similarly to the price action shown in stocks. I expect copper to rally until the end of May easily, upside targets are on chart and are valid while it holds over 2.288 or time runs out, whatever happens first.
Ray Dalio's cash is trash idea is starting to materialize (albeit a bit too early sadly for him).

Cheers,

Ivan Labrie.

Commentaire:

Transaction en cours:

Buy zone here, if not in, a good spot to enter, risk is a drop under 2.33 roughly.

Trade fermée manuellement:

Failed to hit target on time.

Commentaire:

Rallied way slower, now looks done though.