COPPER AND COMMODITY SHORT: The dollar effect
The bullishness in copper is misguided, in my opinion.
Sustained dollar strength always hurts commodities in the longer term.
The chart shows inverted dollar versus copper.
A big fat juicy divergence, along with likely continued dollar strength due to a structural off-shore dollar shortage, should put pressure on commodities.
Sustained dollar strength always hurts commodities in the longer term.
The chart shows inverted dollar versus copper.
A big fat juicy divergence, along with likely continued dollar strength due to a structural off-shore dollar shortage, should put pressure on commodities.
Transaction en cours:
In progress, commodities weakening. Progressive weakness in copper should shift bearish focus onto equities
Commentaire:
Going as expected
