I had mentioned this a few posts ago about how important a tell it is for copper to hold its recent move above the 50dma and now its seems copper is in bull mode, above the 150dma and in full volatility expansion.
 |
Commodities are also above the 150dma, there has to be some underlying reason for this move. I love the fact there is no news and we are having this huge rally. There is also a lot of fear right now which is extremely bullish.
|
 |
Just a few points away from a 52 week high.
|
 |
SLV is now firmly above its recent downtrend line and above the 150dma I doubt its going to break through the 38 mark, that is big time resistance and though I am happy with this recent move I doubt the good times will last. I'm a seller at that level.
|
No comments:
Post a Comment