Hello Big Boyz! If you remember, from past posts, today is the date that EURUSD should break “the box” to the downside. So if you wait till here, well done. The elements for USD Bullishness are all on the table and I believe US Elections will be the catalytic. I do not live in the USA, but if I did Trump would have my vote, what about you?
Let’s see what we have this week, but you know before you jump to the next line follow don’t forget to follow me @leohermoso
COPPER – AUD
Copper made new highs, but net position has not followed it, and to make things even more interesting there’s a “COT INDEX – POSSIBLE TOP”.
This alone already is a great opportunity, but let’s not forget the strong correlation copper has with AUD. AUDUSD did not follow copper movement, so we have divergences between:
- Copper and AUDUSD prices;
- Copper and it’s net positions
This open possibilities to trade AUD crosses and copper.
COPPER COT CHARTS
COPPER VS AUDUSD
Friends, there are no other tradable pattern that is evident on COT DATA, but you have enough info to do good trades. Stick with AUD crosses and you will be good.
That’s it! Today is my birthday, so share this on your twitter as a bday present! 😀