Steel; Attempting Breakout Above Cluster Of Resistance

Below looks at Steel ETF (SLX) over the past 10-years. As you can see below, SLX is testing the underside of several resistance levels.

(Click on image to enlarge)

Should SLX succeed in breaking above this resistance cluster at (1), it should attract buyers.

Doc Copper is attempting to do the same (breakout from multi-year falling resistance).


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