Trading strategies for copper and aluminum by Tradebulls Securities

Copper needs a decisive breakout below 657 for sellers to get active

Gold market is taking a nap as the bull market has stalled. Bitcoin is replacing gold's role in the portfolio of many investors, and until that changes, gold will have to share its spotlight with the cryptocurrency. Benchmark 10-year Treasury yields rose to 14-month highs on Tuesday at 1.776 per cent and the US dollar advancing against all currencies were the culprit for gold’s decline. US dollar also found support after news of the collapse of highly leveraged investment fund Archegos Capital. Gold was unable to hold its key support level of $1,700 an ounce on Tuesday. Year-to-date, gold is