Copper --> Trade war indicator
Concern grows over global economic slowdown. The US continues to be a leader (for now).
China is the largest copper consumer, and has been beaten down. Technicals don't look good at all. At least there is no divergence.
If Trump and Xi don't reach a deal, you must know - copper will absolutely go down.
P.S:
COPX (Global Copper miners)
CPER (United States Copper)
China is the largest copper consumer, and has been beaten down. Technicals don't look good at all. At least there is no divergence.
If Trump and Xi don't reach a deal, you must know - copper will absolutely go down.
P.S:
COPX (Global Copper miners)
CPER (United States Copper)
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