Commodities have been enjoying a strong revival in recent years, with broad commodities returning 27% in 2021 and 15% in 2022. A combination of fiscal and monetary support in the early phases of the COVID-19 pandemic helped to soften the damage to demand from one of the deepest economic shocks in modern times. As COVID-19 restrictions lifted, commodity demand...
Entry will be at 208 with a stop at 212 target 197. Price needs to arrive strongly to supply zone for a short. Long put options will be used.
22.30-11.50 would be a good entry for both shares and long dated calls.
$PTRA is pushing towards the resistance and most ev stocks are the hot trade. I have a good feeling this will keep pushing higher with the infrastructure bill in the news. Low volume with a decent amount of shares short make for a possible squeeze. Good Luck and make your own trades.
The Australian dollar has started the week with slight gains. Currently, the pair is trading at 0.7626, up 0.25% on the day. Friday's Nonfarm payrolls was expected to be strong, and NFP delivered big, with a read of 916 thousand, up from 379 thousand a month earlier. This figure easily beat the forecast of 652 thousand. With the US recovery gaining traction and...
Technical Analysis We are breaking out to a 52-week high, with heavy volume (100%+ stronger volume intraday vs its 10-day average volume) First measured move target is at $32, which is coincidental with a Fibonnaci 61.8% level. OBV is supportive of the overall uptrend. ~~~ Take a look at USCR (US Concrete) which is rallying in my opinion based on the same...
MLM has been building strength and continuing. Although sometimes a high RSI means something is overbought, sometimes it can signal strength. Every time the RSI and MACD spike, it ends up being a sign of building strength and momentum in MLM as marked by the blue vertical lines. There was a bullish Golden Cross and with the infrastructure bill around the corner,...