Shawn’s Trade Idea: Buy Global X Copper Miners ETF (WIRE) limit $21.20 with stops at $19.40
As we’ve discussed through today’s report we like the copper sector 10-15% lower which could happen in the next few days in the current volatile market. We’ve drawn our initial line in the sand which may be tweaked.
- We believe a further washout in the copper sector will provide an excellent risk/reward buying opportunity in the ASX-traded copper ETF WIRE.