Weak copper with looming on the horizon in China and CTA – TDS qualifiers
The vulnerable Chinese PMIS started from the copper sales activity, but the CTA sales activity in the liquidity vacuum has exacerbated the negative side with drought on the right track to sell more than -7 % of its maximum size, and the memory of Daniel Ghali is the commodity strategy in TDS.
Servant sellers may accelerate copper declines
“Given that China was the most severe source of purchase activity recently, the liquidity vacuum resulting from the upcoming holidays is a great danger to prices as CTAS was appointed to filter copper in most of the scenarios for prices during the next many sessions.”
“Prices now need to gather only to avoid subsequent liquidation. Even the flat tape will force CTAS to give up the remaining phase, which can lead to the liquidity vacuum, can lead to a noticeable negative side.