Commodities are rallying again. Soft commodities, oil, Nat gas, aluminum, coal, copper... except for lumber (housing demand is very low now)
USD is also rallying.
Seems like inflation play is back which begs the question... is inflation really peaked?
Resistance at 55.30 has been broken. The nearest support is at 52.95. The more important support is at 48.27. Plan your risk and stop loss around those levels.
USD is also rallying.
Seems like inflation play is back which begs the question... is inflation really peaked?
Resistance at 55.30 has been broken. The nearest support is at 52.95. The more important support is at 48.27. Plan your risk and stop loss around those levels.
Join our telegram channel to receive free analysis videos and timely analysis updates.
t.me/joinchat/AAAAAEpysoIiZLpAi-2kTA
Our Patreon link
patreon.com/nimbuscapital?fan_landing=true
t.me/joinchat/AAAAAEpysoIiZLpAi-2kTA
Our Patreon link
patreon.com/nimbuscapital?fan_landing=true
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.
Join our telegram channel to receive free analysis videos and timely analysis updates.
t.me/joinchat/AAAAAEpysoIiZLpAi-2kTA
Our Patreon link
patreon.com/nimbuscapital?fan_landing=true
t.me/joinchat/AAAAAEpysoIiZLpAi-2kTA
Our Patreon link
patreon.com/nimbuscapital?fan_landing=true
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.