Most of you would know that a strong copper equals strong equities and they move the same direction or are directly proportional more times than not.
The US jobs number seems to have a positive spin on the US futures which are at 1214 currently. But much before all that happened, copper delivered a buy signal at 3.15 pm.In other words, risk appetite was returning to equities.
The signal has already generated + 4 points and strength above 417 would give more.
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US markets reversed hard... up 45 handles (4% from the lows). Still barely break-even for the day... Looks like nifty might get a nice short squeeze going on Monday.
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