CTA selling activity to weigh on Copper and Aluminum – TDS
Source Fxstreet
CTA selling activity in Copper and Aluminum is likely to weigh on these metals, reflecting the downside asymmetry in algo flows resulting from range-bound price action, TDS' Senior Commodity Strategist Daniel Ghali notes.
CTAs to sell +16% and +10% of their max size in Copper and Aluminium
"Ultimately, this trading regime is akin to time-decay for trend signals, resulting in more frequent whipsaws as adversarial pressures build proportionally with CTA positioning."
"This session, CTAs are set to respectively sell up to +16% and +10% of their max size in Copper and Aluminium, but the scope for subsequent purchases remains elevated in aluminium, with more selling in the pipeline over the coming week, even in a flat tape scenario for prices."
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Despite recent declines and volatility, a crypto analyst has declared that the XRP price is on the cusp of breaking out of a bullish flag pattern. According to the analyst, a successful breakout of
The Australian Dollar (AUD) extends its losses against the US Dollar (USD) following the release of domestic employment data and China’s interest rate decision on Thursday.
Trump approves the ‘D.O.G.E dividend’ tax refund for US taxpayersPresident Donald Trump just signed off on a tax refund plan that could send billions back into the pockets of Americans. The ‘D.O.G.E Dividend’, named after Elon Musk’s Department of Government Efficiency (D.O.G.E), will return 20% of the savings from Musk’s cost-cutting initiative directly to taxpayers. Trump confirmed the plan during a Miami Beach event […]
President Donald Trump just signed off on a tax refund plan that could send billions back into the pockets of Americans. The ‘D.O.G.E Dividend’, named after Elon Musk’s Department of Government Efficiency (D.O.G.E), will return 20% of the savings from Musk’s cost-cutting initiative directly to taxpayers. Trump confirmed the plan during a Miami Beach event […]
At the Conservative Political Action Conference on Thursday in Maryland, Elon Musk hinted at some of DOGE's upcoming works, including a possible audit of the Federal Reserve.
Artificial intelligence (AI) has been a leading driver for many tech stocks like Nvidia in recent years. However, as the AI revolution matures, investors may be looking for ideas b
Related Instrument
