Copper Accumulation by Commercials Continues

We are long-term bullish on gold and other precious metals, but the short-term trend (daily and weekly) is in a significant downtrend. Copper continues to see accumulation by commercial traders.

Do not trade any of these markets on the short side on daily data, use weekly data instead. FCX currently is showing a Cuban Missile Crisis trade on daily charts. Use our educational articles to review this method if you would like to participate in this opportunity.