Price weakness to catalyze a large-scale CTA selling in Copper – TDS
Source Fxstreet
CTAs are selling Copper and Aluminum, TDS' Senior Commodity Strategist Daniel Ghali notes.
Trump dampens his tone with respect to tariffs on China
"CTAs are selling Copper and Aluminum, with price action playing into the significant asymmetry in expected flows following President Trump's dampened tone with respect to tariffs on China."
"With no scenario for price action over the coming week likely to attract subsequent buying programs, the weakness in prices is now sufficiently large to catalyze large-scale CTA selling activity in the red metal, with up to -25% of algos' max size likely sold this session."
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Once again, the price of Ethereum (ETH) has risen above $3,900. This bounce has hinted at a further price increase for the altcoin before the end of the year.
ECB Policy Outlook for 2026: What It Could Mean for the Euro’s Next MoveWith the ECB likely holding rates steady at 2.15% and the Fed potentially extending cuts into 2026, EUR/USD may test 1.20 if Eurozone growth proves resilient, but weaker growth and an ECB pivot could pull the pair back toward 1.13 and potentially 1.10.
With the ECB likely holding rates steady at 2.15% and the Fed potentially extending cuts into 2026, EUR/USD may test 1.20 if Eurozone growth proves resilient, but weaker growth and an ECB pivot could pull the pair back toward 1.13 and potentially 1.10.
West Texas Intermediate (WTI), futures on NYMEX, trades 2.3% higher to $73.00 during the early European trading session on Tuesday.
Gold (XAU/USD) catches fresh bids following the previous day's two-way price swings and trades with modest gains above the $5,350 level, during the Asian session on Tuesday.
The Pound Sterling (GBP) trades lower against its major currency peers, slides 0.3% to near 1.3360 against the US Dollar (USD) during the European trading session on Tuesday.
Related Instrument
