Difficulty Ahead, Not All Parabolas
Updated
JJJT is the main instrument on the stock market for trading tin prices; which are based on LME tin contracts; which in turn are based on Shanghai Metals Exchange contracts. Tin prices will continuously increase as Chinese electronics manufacturing ramp up-- JJJT is a China reopening play. Technical indicators are instructing caution as we enter a key supply zone. Knocking right on the 150 EMA and the upper Bollinger Band, plus we are overbought. I don't see a topping pattern and I'm not calling for a reversal, but we are due for a pullback. Good luck
Note
Bearish divergence on the RSI & still stuck on the 150 EMA. If you're thinking of trading any of the base metals, I would recommend searching "ShFE Metals". I'm not sure buying is that strong on the spot market, despite the strong price uptrend.Note
It's worth noting that the LME Metals Index (which you can trade via BCIM, JJM, or DBB) is forming a Head & Shoulders pattern: tradingeconomics.com/commodity/lme
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