EURGBP, Silver, And Copper Technicals | Summary and Q&A

4 views
March 13, 2019
by
InvestingChannel
YouTube video player
EURGBP, Silver, And Copper Technicals

TL;DR

The analysis discusses the potential for the euro to outperform the pound amidst Brexit uncertainty and warns of a potential reversal in the euro pound trade. Additionally, it highlights the strength of silver and the possibility of a sell-off in copper.

Install to Summarize YouTube Videos and Get Transcripts

Questions & Answers

Q: Why have traders been shorting euro pound, and what could happen if the trend reverses?

Traders have been shorting euro pound, expecting euro weakness compared to the pound. However, a weekly reversal indicates the potential for the euro to outperform the pound if things don't go as planned in Brexit negotiations.

Q: What are the key levels to watch for silver's performance?

Silver has been performing well, with key support holding at around $14.95. It is important for silver to maintain this support level to potentially reach $17 in the long term.

Q: What is the potential downside for copper and why?

Copper could experience a sell-off, potentially dropping to $2.40 from its current levels around $3. This suggests a possible interruption in trade negotiations. Copper is considered the metal with the PhD in economics, making it significant in analyzing industrial metals.

Q: How does the analysis suggest traders should approach the market?

Traders should be cautious as the current euro pound trade may indicate a potential reversal. Additionally, silver shows strength and copper may experience a sell-off, suggesting a cautious approach in these markets.

Summary & Key Takeaways

  • Traders have been shorting euro pound, anticipating euro weakness compared to the pound, but a potential weekly reversal suggests the opposite may happen.

  • Silver has shown resilience and could potentially reach $17 in the long term, with support holding at $14.95.

  • Copper may experience a sell-off, with a break below $3 potentially taking it down to $2.40, indicating a possible hiccup in trade negotiations.

Share This Summary 📚

Summarize YouTube Videos and Get Video Transcripts with 1-Click

Download browser extensions on:

Explore More Summaries from InvestingChannel 📚

Summarize YouTube Videos and Get Video Transcripts with 1-Click

Download browser extensions on: