MoonPickle

COPPER FUTURES LONG 2018 - 2030

Long
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COMEX:HG2!   Copper Futures
Appears to be the bottom of a minor correction, Vix Fix indicator highlighted for confirmation + ABC consolidation pattern.

Very bullish on copper due to high demand for batteries in the next decade, from electric cars (some countries are banning gas-powered cars) to solar panel systems.

Demand for copper to proliferate between now and 2035-2040.

-Monitoring
Kommentar:
Sources/data:

"Copper demand for electric cars to rise nine-fold by 2027: ICA"

www.reuters.com/arti...27-ica-idUSKBN1940PC

"The Electric Vehicle Market and
Copper Demand" - white paper

copperalliance.org/w...lity-Factsheet-1.pdf
Kommentar:
steady climb up..
Kommentar:
Long setup earlier in the week worked out perfectly, MACD flipping up

Continued, slow upwards movement is expected

Kommentar:
increase in upward momentum. demand for $copper is going through a change of hands at the moment.
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