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.