Price action converging and a breakout looks imminent
Overall sentiment has turned very bearish as speculative Nymex funds positioned with sizeable short bets
There is value and the risk reward to the upside looks favourable
On a larger scale, it seems that the metal is about to produce a large W correctional move higher
Overall sentiment has turned very bearish as speculative Nymex funds positioned with sizeable short bets
There is value and the risk reward to the upside looks favourable
On a larger scale, it seems that the metal is about to produce a large W correctional move higher
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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.