Sentiment Indicators: Using IG Client Sentiment
2021-04-25 08:00:00
Warren Venketas,
Markets Writer
Sentiment Indicators: Using IG Client Sentiment
The IG Client Sentiment (IGCS) is unique, proprietary and potentially helpful to traders. The article will outline the following illustrative points:
IGCS as a Technical Indicator: Summary
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What is IG Client Sentiment (IGCS)?
IG Client Sentiment (IGCS) is a tool that traders can use in conjunction with a broader technical and/or fundamental strategy. IGCS incorporates retail trader positioning (long and short) to formulate a sentiment bias. This is represented in percentage form (see image below) which aids traders in identifying market imbalances which could lead to possible opportunities.
By Andy Home
LONDON: Funds continue to reduce their long exposure to the copper market even as the bull clamour for higher prices grows ever louder.
Goldman Sachs last week doubled down on its supercycle shout, forecasting copper would average $15,000 per tonne in 2025 in a headline-grabbing April 13 research note titled Copper is the new oil .
Citi is also firmly in the bull camp with a short-term target of $10,500. We highlight that the super part of the supercycle is now with the market facing the largest supply deficit since 2003-2004, the bank said. ( Metals Weekly , April 19, 2021)
Copper is bubbling away just below February s decade high of $9,617 per tonne, London Metal Exchange (LME) three-month metal last trading at $9,400.
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Funds continue to reduce their long exposure to the copper market even as the bull clamour for higher prices grows ever louder.
Goldman Sachs last week doubled down on its supercycle shout, forecasting copper would average $15,000 per tonne in 2025 in a headline-grabbing April 13 research note titled “Copper is the new oil”.
Citi is also firmly in the bull camp with a short-term target of $10,500. “We highlight that the ‘super’ part of the supercycle is now” with the market facing the largest supply deficit since 2003-2004, the bank said.
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(The opinions expressed here are those of the author, Andy Home, a columnist for Reuters.)
Funds continue to reduce their long exposure to the copper market even as the bull clamour for higher prices grows ever louder.
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Goldman Sachs last week doubled down on its supercycle shout, forecasting copper would average $15,000 per tonne in 2025 in a headline-grabbing April 13 research note titled “Copper is the new oil”.
Citi is also firmly in the bull camp with a short-term target of $10,500. “We highlight that the ‘super’ part of the supercycle is now” with the market facing the largest supply deficit since 2003-2004, the bank said. (“Metals Weekly”, April 19, 2021)
EnergyColumn: Supercycle or China cycle? Funds wait for Dr Copperâs call
Andy Home
5 minutes read
Trucks carrying copper and other goods are seen waiting to enter an area of the Shanghai Free Trade Zone, in Shanghai in this September 24, 2014 file photo. REUTERS/Carlos Barria
Funds continue to reduce their long exposure to the copper market even as the bull clamour for higher prices grows ever louder.
Goldman Sachs last week doubled down on its supercycle shout, forecasting copper would average $15,000 per tonne in 2025 in a headline-grabbing April 13 research note titled Copper is the new oil .
Citi is also firmly in the bull camp with a short-term target of $10,500. We highlight that the super part of the supercycle is now with the market facing the largest supply deficit since 2003-2004, the bank said. ( Metals Weekly , April 19, 2021)