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
On April 14, the Nasdaq notched its tenth consecutive session of gains, marking its longest winning streak since 2023. It has risen nearly 14% from its recent lows, as the 'Magnificent Se
Gold (XAU/USD) hits a nearly four-week high during the Asian session on Wednesday, though it lacks follow-through buying and currently trades just below the $4,850 level, nearly unchanged for the day.
Silver (XAG/USD) is rushing higher on Tuesday, reaching fresh two-week highs right below $78.00 at the time of writing, after bouncing from lows around $72.60 on Monday.
On Sunday (April 13), Trump announced following the breakdown of U.S.-Iran negotiations that the U.S. Navy would impose a maritime blockade on Iranian ports starting Monday.Following the
U.S.-Iran Standoff in the Strait of Hormuz. Iranian-Controlled Strait Has Not Resumed Passage; Why Does Trump Still Want a Military Blockade?Following the failure of U.S.-Iran peace talks, President Trump announced on Sunday that the U.S. Navy will immediately blockade the Strait of Hormuz and prevent any vessels that have pai
Following the failure of U.S.-Iran peace talks, President Trump announced on Sunday that the U.S. Navy will immediately blockade the Strait of Hormuz and prevent any vessels that have pai
Related Instrument
