The consolidation seems over to me, and we may be at the beginning of a 5th-wave for a cycle completion.
If theses the case, I would advise that one entered into a slower longterm trade and also uses the phase of the cycle to capture shorter term trades.
Additionally, the whole trade war rhetoric might be driving the rise in this commodity as nations and companies secure resources.
If theses the case, I would advise that one entered into a slower longterm trade and also uses the phase of the cycle to capture shorter term trades.
Additionally, the whole trade war rhetoric might be driving the rise in this commodity as nations and companies secure resources.
Note
here is a longer-term picture : Targets are yet to be determined, and will be included in future updates
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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.
Related publications
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.