Slightly Bullish - Rising commodity prices may boost CME
CME has been relatively Neutral throughout the recent run-up in asset prices. CME should be a proxy of rising commodity prices. The ADX/DMI indicator is showing mild strength. Look for the Choppiness indicator to confirm a new trend prior to entering a position. CME Price is above "The Cloud" indicating a slightly Bullish situation. Be prepared to Cover your Assets if price weakness persists.
Trade cautiously as Bullish market trends are under pressure.
Trade cautiously as Bullish market trends are under pressure.
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