Crude Oil and Copper Breakdowns Reinforce Our Concerns; Defensive Sectors Remain Attractive

EM Metals and Mining:  Active Fund Ownership Surges to 7-Year High

Gravity Works As WeWork Doesn't; Now Plan B

Chart based progressive global trading strategies, Chart Partners

Thomas Schroeder

Chart based progressive global trading strategies

Chart Partners

Chart Partners objective is to discover medium-term cycle turns and profit opportunities before they unfold, within structural trends while preserving capital with clear degrees of risk. We have real return ideas. 

Markets are dynamic and trading systems must reflect this. It is crucial to determine underlying correlations and lead-lag relationships within global markets and the impact on linked instruments. Our weekly Chartonics product gives you short-term trading strategies that can be applied within the medium and longer term macro trends that are mapped out in our strategy updates. 

Our methodology fuses global market variables and isolates drivers in trends. We specialize in FX, index trade in NY and Asia with a focus on Asian stocks. 

Technical Analysis

Recent shorts in metals did meet if not exceed downside targets at copper 4.0, palladium 2,350 with platinum still contending with triangulation. Short re cycle levels and break points are the focus.China and the USD are key inputs to drive a fresh down leg in base metals. The demand side of the equation (China) is overshadowing the USD pullback (nearing support). We are also moving into a seasonally weak period for risk.Gold remains bullish to test 1,850 where a tactical top is due.

Recent shorts in metals did meet if not exceed downside targets at copper 4.0, palladium 2,350 with platinum still contending with triangulation. Short re cycle levels and break points are the focus.China and the USD are key inputs to drive a fresh down leg in base metals. The demand side of the equation (China) is overshadowing the USD pullback (nearing support). We are also moving into a seasonally weak period for risk.Gold remains bullish to test 1,850 where a tactical top is due.

Copper

Metals Re Short/Breakout Levels