Copper Futures Will Push Higher, ForexAnalytix's Perry Says

The video tutorial discusses recent market trends, focusing on the Shanghai Composite's performance and potential bullish signals. Joe Perry provides insights into China stocks and copper, highlighting key levels and indicators. The discussion shifts to the Aussie dollar and its correlation with commodities, emphasizing the benefits of trading FX futures over spot currencies due to regulation and transparency.

What was the Shanghai Composite's performance last week?

• It had a moderate increase.

• It had the best week of the year.

• It had the worst week of the year.

• It remained unchanged.

What technical indicator is mentioned as signaling a buy for the Shanghai Composite?

• Bollinger Bands

• MACD

• Stochastic Oscillator

• RSI

What level is considered key for copper's price movement?

• 3.25

• 2.97

• 3.50

• 2.50

What is the relationship between the Aussie dollar and commodities?

• There is no correlation.

• They are inversely related.

• They are directly correlated.

• They are only correlated during economic downturns.

Why might traders prefer FX futures over spot currencies?

• Limited market access

• Greater leverage and regulation

• Lack of regulation

• Higher transaction costs