Wed 22nd June
Took small profits on Copper long and NQ short. Very small trades.
Current outlook is Euro long term bearish which means DXY strength. https://www.tradingview.com/chart/EURUSD/m7y0TUml-EURUSD-long-term-technicals/
See thoughts on DXY/gold relationship here:
Underwater on small platinum long. Gold rallying today as Putin says the BRICs nations are setting up their own commodity-backed currency.
Gary Savage thinks this whole daily cycle in gold will churn until September as it has not recovered quickly enough in this daily cycle.
EVENING UPDATE: Copper is oversold and making a SFP on the daily, but US stocks look weak. I took the short on shorts from 3800. I cannot see a serious rally in Copper while the market is tradfing risk-off.