BDRY Long
Chinese People's Congress meetings start March 5th. On day 1, China will announce GDP Target for 2025 and any additional economic stimulus measures planned to spur economic growth. BDRY ETF specifically consists of FFA's which driven by Chinese Import demand for dry bulk commodities such as iron ore, coal, and grain. Expect import demand to grow significantly for dry bulk commodities following CPC announcement on March 5th. This also coincides with the post Chinese Lunar New Year which is a key seasonal bottom turning point in Chinese economic activity. A 100% gain in BDRY ETF is not unreasonable over the next 4-6 months as seasonal tailwinds occur into summer construction and harvest.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.