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Market Mood Copper 25.08.20

Market Mood Copper 25.08.20

Market Mood Copper 25.08.20

in Weekly Forecasts

Listen to the latest market mood for the COPPER.

Copper is a commodity that stands to potentially gain from US politics. If Democrat Joe Biden wins he is pledging to invest $2 trillion in green technology. Green technology is very dependent on copper for all the various conducting material that is needed for green technology.

Furthermore, recent supply issues for Copper only stands to further accelerate the demand. So, one chart to pay careful attention to is Coppers with a pullback entry at the 50% – 0.618% Fib retracement level.

Trade Risks:

  • If the Jackson Hole Symposium on Thursday serves as a catalyst for USD strength that will weaken copper prices as it will make copper more expensive for holder of other currencies and will invalidate this outlook.

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Cookies Policy

Disclaimer: Any opinions made may be personal to the author and may not reflect the opinions of HYCM. All expressions of opinion are subject to change without notice. This material is considered a marketing communication and does not contain, and should not be construed as containing, investment advice or an investment recommendation or, an offer of or solicitation for any transactions in financial instruments. HYCM makes no representation and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or other information supplied by an employee of HYCM, a third party or otherwise. Past performance is not an indication of possible future performance. Without the approval of HYCM, reproduction or redistribution of this information isn’t permitted.

Legal Information: HYCM is the trading name of Henyep Capital Markets (UK) Limited, HYCM (Europe) Ltd, HYCM Limited and Henyep Capital Markets (DIFC) Limited for which the Henyep Capital Markets group is holding company and its assets are a controlling equity interest in them.

* Cryptocurrencies are not available for trading under HYCM (Europe) Limited and Henyep Capital Markets (UK) Limited (retail clients only).

*Any opinions made in this material are personal to the author and do not reflect the opinions of HYCM. This material is considered a marketing communication and should not be construed as containing investment advice or an investment recommendation, or an offer of or solicitation for any transactions in financial instruments. Past performance is not a guarantee of or prediction of future performance. HYCM does not take into account your personal investment objectives or financial situation. HYCM makes no representation and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast, or other information supplied by an employee of HYCM, a third party or otherwise.

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