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MEGA TRADE: Copper Short Squeeze
iShares U.S. Home Construction ETF
MEGA TRADE: Copper Short Squeeze
By Trading-Capital
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May 22
3
May 22
Copper has had a monster run to the upside.
Its clearly going to affect aspects in the economy by applying upward pressure on inflation and downward pressure on home builders and construction.
Copper surging shows resilience in the global economy but simultaneously high copper prices could cure this rushing demand.
Copper technicals are screaming a pullback, a short setup is looming.
Chart Patterns
Commodities
Copper
electricity
FCX
hg1
inflation
Trend Analysis
Trading-Capital
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