CJ is highly correlated to oil price due to Oil being a top export from Canada whilst In Japan it is a top import, what we are seeing on the monthly chart is signs of strong rally, we have inside bar giving us a TP1, and if we see continued Oil price rallies, we could expect CJ to grow higher and higher.
Note
TP1 hit
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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.