Steel Long FuturesUpdated STEEL, breaking above the downtrend, testing the key fibos
Steel futures. A great world economy proxy
Bouncing and testing all key fibonacci levels. Still, no higher highs, hence trend remains bearish (so as for the economy?)
Bouncing and testing all key fibonacci levels. Still, no higher highs, hence trend remains bearish (so as for the economy?)
Note
reached the 38.2% fibo and retracedif the weekly Kijun is lost, 40/42$ area remains as key pivot area
Note
reached support zone after rejecting at the 38.2% Fibo
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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.