FX_Professor

Copper = Industry (also a hedging opportunity)

COMEX:HG1!   Contrats à terme sur cuivre
There is a direct correlation between the S&P 500 and copper performance and they generally move in the same direction.

Copper is much more closely aligned with global growth and demand, so if the global economy is expanding then demand for copper should increase.

In other words, if the stock markets correct or crash the price should drop (now at resistance)

If the stock markets rise more, then very simply Copper will follow.

Hedging idea :

60% Platinum buy (over it's resistance), 40% copper sell (under it's support).

Compound the winner gradually and follow the indices movement.

ps. the indices are most likely correcting, not crashing at this stage

✨🦄 💎🚀 CRGPT Token : Join the Crypto AI Revolution 🌟 www.cryptogpt.io/

🌐FOREX SPECIAL: fxprofessor.com/forex-special 💡💙💬 Public Telegram: www.t.me/fxprofessor88 💎
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.