Copper?

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I like to accumulate some + sell cash copper, not just HI grade coper LOL.
barchart.com has a 100% buy on front month hi grade copper;
88% buy on SPY.
Good long term UP trends on both.
Asked the metals dealer ''buying any gold lately??''. No she says, buys copper+ stainless steel, iron........ all the time.

 

Yesterday's spike on HG N/U was something to witness.

 

2021:

...whatever

 

Up it goes to the moon.

Demand >> Supply

 

https://www.reuters.com/markets/com...e-offers-little-relief-cme-shorts-2024-06-25/

 

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barchart.com has it a 75% buy medium term/hi grade copper;
67% buy long term[volume month contract]. Cash copper dealer buys all grades LOL
100% buy on SPY medium + long term.

 

Copper futures - one of my favorites for day trading.

The average day range is ~ 2%.

For day trading, you need to have a day range of > 1% in order for it to be tradable.

Good Job Copper !