Trading covers the latest CPI report, which came in line with expectations, while the DXY weakened slightly as AUDUSD approached a key long-term resistance zone at 0.7112. Coach discusses the possibility that the recent surge in precious metals may be nearing completion and explains why copper could be vulnerable to a sharp decline, with a large number of long positions potentially setting the stage for a liquidation selloff. He also points out that the S&P 500’s new highs are not being confirmed by RSI, while today’s crop report could set the tone for the markets in the weeks ahead.
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