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Insignia Consultants | Seven Reasons why copper and base metals got a May Mayhem

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Seven Reasons why copper and base metals got a May Mayhem

By: Admin
3 weeks ago
12231

Insignia Consultants

Thursday, May 25, 2023 TIME 10:15 AM IST

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Seven Reasons why copper and base metals got a May Mayhem

  1. Fading of Chinese growth optimism. Chinese April growth was below expectation.
  2. Sharp gains in the US dollar Index.
  3. Technical breakdown. Base metals are trading below long technical and short term technical.
  4. Destocking by large hoarders of base metals as price crashed and fears of continued crash.
  5. Prolonged global recession fears.
  6. Rise trend in LME stocks.
  7. Net short positions in CME futures had a big jump.

Disclaimer: Any opinions as to the commentary, market information, and future direction of prices of specific c3urrencies, metals and commodities reflect the views of the individual analyst, In no event shall Insignia Consultants or its employees  have any liability for any losses incurred in connection with any decision made, action or inaction taken by any party in reliance upon the information provided in this material; or in any delays, inaccuracies, errors in, or omissions of Information. Nothing in this article is, or should be construed as, investment advice. All analyses used herein are subjective opinions of the author and should not be considered as specific investment advice. Investors/Traders must consider all relevant risk factors including their own personal financial situation before trading. Website www.insigniaconsultants.in

Disclosure: Members, employees, directors, clients and all other people associated with “Insignia consultants” do trade in MCX metals and energies They may or may not have positions on the trading strategies mentioned in this report. They may also have open positions in MCX metals and energies futures in trading strategies other than those mentioned in this report.

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NOTES TO THE ABOVE REPORT

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PLEASE NOTE: HOLDS MEANS HOLDS ON DAILY CLOSING BASIS

PLEASE USE APPROPRIATE STOP LOSSES ON INTRA DAY TRADES TO LIMIT LOSSES.

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APPROPRIATE STOP LOSSES PER LOT IN INDIAN RUPEEES ON THE TRADING CALLS GIVEN IN THIS REPORTTHE TIME GIVEN IN THE REPORT IS THE TIME OF COMPLETION OF REPORT

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