Shawn’s Trade Idea: Buy Global X Copper Miners ETF (WIRE) limit $21.20 with stops at $19.40

No change from last week, as we’ve discussed through today’s report we like the copper sector ~10% lower which could happen in the next few days in the current volatile market – note the Global X Copper Miners ETF (COPX US) closed down more than 4% on Friday night.

• We believe a further washout in the copper sector will provide an excellent risk/reward buying opportunity in the ASX-traded copper ETF WIRE.