Sideways-Up bias before the eventual Longterm upside breakout to 4k & beyond, commodities are seeing across-the-board rise on hyper-inflationary risk, thanks to massive money printing.
CPO price bounced off major S @ ~3200, subsequently reach R1-R3 upside mentioned in previous post.
Expect further consolidation near wide range top (3500-3800) region, potential retest UTL, before the expected major breakout to 4k & beyond.
🔔Overhead Resistance: 3.6-3.7k, 3.8k
🔔Support Zone: 3.5k, 3.4k
❇️ All R reached on bounce off range low (check out post link below)
❇️❇️ Major Breakout in progress on Longterm chart, link below
Happy Hunting! 🥂🚀
-jk-
CPO price bounced off major S @ ~3200, subsequently reach R1-R3 upside mentioned in previous post.
Expect further consolidation near wide range top (3500-3800) region, potential retest UTL, before the expected major breakout to 4k & beyond.
🔔Overhead Resistance: 3.6-3.7k, 3.8k
🔔Support Zone: 3.5k, 3.4k
❇️ All R reached on bounce off range low (check out post link below)
❇️❇️ Major Breakout in progress on Longterm chart, link below
Happy Hunting! 🥂🚀
-jk-
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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.
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.