We’ve discussed copper stocks several times in today’s report, and we bought RIO on Friday, STI is looking to benefit from a spike lower in the coming days/weeks.
- We are placing a bid below Marchs swing low in case we see a sharp spike on the downside.
Trade Idea: Buy Global X Copper Miners ETF (WIRE) using a limit of $19.20, with stops at $18.20, around 5% risk.
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