DSX On Fire As Expected
I first featured DSX on April 28, 2021, when it was on the verge of a major breakout. Though I have been following it for years.
Then again on May 7 when the breakout occurred.
And again on May 19
Since my first post, DSX has now risen nearly 50% in a few months. Shipping is a bottleneck industry that gives it pricing power
under certain conditions. Usually commodity spikes, this time we have supply chain issues and commodity spikes which i also
featured here back on Feb 24, 2021 that was possibly topping at the time.
On April 28 I confirmed the CRB breakout from a 13-year channel.
As result, DSX exploded since then. I don't see CRB pulling back anytime soon as such DSX should continue to soar. Despite so
people cherry-picking commodities implying the bull run in CRB is over. Be careful of those types bc they can lead you to sell DSX
prematurely.
Then again on May 7 when the breakout occurred.
And again on May 19
Since my first post, DSX has now risen nearly 50% in a few months. Shipping is a bottleneck industry that gives it pricing power
under certain conditions. Usually commodity spikes, this time we have supply chain issues and commodity spikes which i also
featured here back on Feb 24, 2021 that was possibly topping at the time.
On April 28 I confirmed the CRB breakout from a 13-year channel.
As result, DSX exploded since then. I don't see CRB pulling back anytime soon as such DSX should continue to soar. Despite so
people cherry-picking commodities implying the bull run in CRB is over. Be careful of those types bc they can lead you to sell DSX
prematurely.
Real Macro Economic Investing
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patreon.com/Realmacro
Related publications
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.
Real Macro Economic Investing
patreon.com/Realmacro
patreon.com/Realmacro
Related publications
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.