Wednesday 22 August 2018

Forex and Copper Report : 22nd August 2018





COPPER REPORT
Econ0mics & Trump trade wars
FOMC minutes tonight will be the key. Trump and his political battle and political controversies will result in more losses for the US dollar. Diversionary tactic by Trump would be to increase the trade war bugle and make an armed attack on some nation. Trump will do anything to survive and try and win the senate elections in November. Volatility will rise.

COMEX COPPER SEPTEMBER 2018 – current price $268.80
Bullish over $268.10 with $273.70 and $279.10 as price target
Bearish below $263.40 with $257.90 as price target
Neutral Zone between: $263.40-$268.10
·       Copper can rise to $278.60 as long as it trades over $263.10.
·       Small sell off will be there below $263.10 today.
HAPPY PROFITABLE TRADING

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