
COPPER HITS A RECORD ON TRUMP THREAT, MORE STOCK MARKET INVESTORS JOIN TACO TRADE, FED MINUTES AHEAD
By Nigam Arora & Dr. Natasha Arora
To gain an edge, this is what you need to know today.
Copper At Record High
Please click here for a chart of copper ETF (CPER).
Note the following:
- The chart shows that copper jumped to a new high yesterday on Trump’s threat to impose 50% tariffs on copper.
- The chart shows that zone 1, previously the resistance zone has now become the support zone.
- RSI on the chart shows that copper is overbought but still has room to run.
- The chart shows that the volume was heavy, indicating conviction.
- There was a time when copper was in ZYX Allocation Core Model Portfolio.