The big picture view of the Industrial Metals index shows a break above resistance this month out of a large falling wedge.
I am long DBB and the intent is just as a trade. But the big picture view of the Industrial Metals index shows a break above resistance this month out of a large falling wedge. If that is not reversed by month’s end, then we’ll have to think about the base metals a little more seriously. For now, the candle could easily sag back below the red line.
For “best of breed” top-down macro analysis and market strategy covering Precious Metals, Commodities, Stocks and much more, subscribe to NFTRH Premium, which includes a comprehensive weekly market report, detailed NFTRH+ updates and chart/trade setup ideas, and Daily Market Notes. Receive actionable (free) public content at NFTRH.com and subscribe to our free Substack. Follow via X @NFTRHgt and BlueSky @nftrh.bsky.social, and subscribe to our YouTube Channel. Finally, watch for ANS coming soon and check out Hammer’s trade (long and/or short) setups.
Comments
Log in or sign up to join the conversation.