The post CTA selling activity to weigh on Copper and Aluminum – TDS appeared on BitcoinEthereumNews.com.

CTA selling activity in Copper and Aluminum is likely to weigh on these metals, reflecting the downside asymmetry in algo flows resulting from range-bound price action, TDS’ Senior Commodity Strategist Daniel Ghali notes. CTAs to sell +16% and +10% of their max size in Copper and Aluminium “Ultimately, this trading regime is akin to time-decay for trend signals, resulting in more frequent whipsaws as adversarial pressures build proportionally with CTA positioning.” “This session, CTAs are set to respectively sell up to +16% and +10% of their max size in Copper and Aluminium, but the scope for subsequent purchases remains elevated in aluminium, with more selling in the pipeline over the coming week, even in a flat tape scenario for prices.” Source: https://www.fxstreet.com/news/cta-selling-activity-to-weigh-on-copper-and-aluminum-tds-202501231526

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Filed under: News - @ January 23, 2025 3:32 pm