My latest bullish signal for copper was 16 April 2016.Since then price of copper rose by 6 %.This week I got a bearish signal for copper based on the total number of new short contracts opened(4,184) vs net number of old long contracts closed(9,914) for the last 2 weeks.Moreover for the last 3 weeks I got a Pearson correlation coefficient(PCC) of -0.76 which is a strong enough negative correlation between bearish sentiment vs bullish sentiment for this commodity.Therefore I expect price of copper to go down in the next days/weeks.Check performance of my trackrecord2016 and strategy on my free websites:
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