Q: How much copper is involved in a TRUMP re construction plan?
A: A lot!
US 10 yr up, Copper Up, Inflation risk up.
In truth traders have no idea post Trump election and markets are all over the place. Interest rates are up for two reasons, WW3 is off, and expected US government spending is likely to be inflationary.
There are dangers all over the place, if the US 10yr gets too high, so will the US dollar, then this will force the Chinese to devalue and follow with more US paper selling.
Below are trade break outs worth watching with Wyckoff Logic, price is off the lows on strength, breaking supply lines, that is what Wyckoffian traders like to see!
Original Post: http://ift.tt/2eHfJzg
No comments:
Post a Comment