Moise, The weekly showed a clean and powerful break on the upper BB. Keep eyes on currency, bonds and interest rates to play this properly. My view is continued weakness in $USD, bonds and higher rates. Good for commodities, bad for U.S. long term. $16 resist, while $14ish nearest support.
The ishares Silver Trust ETF (SLV) has a "perfect" ABC pattern break out.
5 comments:
Thanks Moïse!
You're great!
nobobli
@Nobobli ; De rien :)
Hi Moise, any comments on US Steel (X US)? Thanks and keep the good work going.
@Liverpool ; thanks ; stay long US Steel, use $35 as your stop
Moise,
The weekly showed a clean and powerful break on the upper BB.
Keep eyes on currency, bonds and interest rates to play this properly.
My view is continued weakness in $USD, bonds and higher rates. Good for commodities, bad for U.S. long term.
$16 resist, while $14ish nearest support.
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