Copper futures are in a full-blown breakout this morning targeting at least $3.40 on the current move:
Copper Futures (Daily)
Meanwhile, moving to the crypto space ethereum has been oscillating near the $340 level for the past few days - above $347 we could see a quick move to $370+:
We truly live in remarkable times. Reviewing my watch lists this morning virtually everything (currency and commodity futures) I watch is green. At the same time we are seeing tremendous pockets of tension across the globe (from Iraq to North Korea and even in Washington D.C.). If the market is a discounting machine it is currently discounting a 'threading of the needle' to the best case scenario possible.
Is it possible? Yes. Is it likely? No.
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