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No metal buying programs in the near future - TDS

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No metal buying programs in the near future - TDS

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New update 2025.01.24 23:06
No metal buying programs in the near future - TDS

update 2025.01.24 23:06

CTAs are being whipsawed in Copper and Aluminum following President Trump's dampened tone with respect to tariffs on China, TDS' Senior Commodity Strategist Daniel Ghali notes.

Trump's tone shrinks the number of Copper and Aluminum CTAs

"The stronger price action overnight is likely to catalyze notable algo buying activity in the red metal, but the set-up for algo flows still doesn't look great with our simulations of future prices suggesting that no scenario for price action over the coming week will attract subsequent buying programs."


Date

Created

 : 2025.01.24

Update

Last updated

 : 2025.01.24

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