COPPER HITS A RECORD ON TRUMP THREAT, MORE STOCK MARKET INVESTORS JOIN TACO TRADE, FED MINUTES AHEAD
By Nigam 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.
July 9, 2025