Morad Askar Discusses Trends In Copper Movement

Morad Askar, Head Trader & Managing Director at Convergent Trading, says small-caps are more sensitive to micro adjustments in interest rates and the economy in general. He says traders can get influenced by the time frame of other peoples' trends, so pick your chart timeframe and stick with it. He discusses the consolidation in the chart of crude oil futures around the 61.50 level. He feels copper is a forward looking indicator for home construction and sees a bull flag in the chart.

Futures

21 Apr 2021

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Futures

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Morad Askar Discusses Trends In Copper Movement

Morad Askar, Head Trader & Managing Director at Convergent Trading, says small-caps are more sensitive to micro adjustments in interest rates and the economy in general. He says traders can get influenced by the time frame of other peoples' trends, so pick your chart timeframe and stick with it. He discusses the consolidation in the chart of crude oil futures around the 61.50 level. He feels copper is a forward looking indicator for home construction and sees a bull flag in the chart.

Futures

21 Apr 2021