extremously oversold, not a time to buy, but if u see consolidation, indicators divergence, breakouts, should trigger a nice opportunity for a deadcat bounce too... again beware, commodities equal very wild cats.. start with options if you are not convinced of directions.... but good profit potential
US-China kids play can be very painful, beware!
p.s.: SPX not reflecting what we see in basic commodities, this one is also brewing a very painful surprise to the downside very soon, traders and investors are in deep denial of what is really going on..
NOT ME!!
US-China kids play can be very painful, beware!
p.s.: SPX not reflecting what we see in basic commodities, this one is also brewing a very painful surprise to the downside very soon, traders and investors are in deep denial of what is really going on..
NOT ME!!
Note
an explanation of the copper drop in the last week...businessinsider.com/a-trader-who-put-a-huge-bet-on-copper-has-been-selling-down-2018-7
Note
another article, involving potential outcome for SPXzerohedge.com/news/2018-07-11/dr-copper-warns-fed-keep-and-stocks-crash
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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.