Copper FuturesLong
Copper
Right now copper futures (HG1!) are trading sideways in a well defined channel. With the growing demand for elecrtic vehicles and government pledges to decrease their carbon footprint copper should become a valuable commodity for building this new infastructure. While copper is trading in this channel I am going to be trading with the CPER ETF that tracks copper futures extrememly accuratly through the purchase of bonds to capture opportunities as prices bounce off of supports and resistance lines. When the price does break through the resitance I will switch to longer term investments in the COPX ETF which loosely emulates the Copper Futures but focuses on holding in mining companies and pays out dividends.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.