technically this seems like we just got rejected at the neckline (from underneath) previous support now acting as resistance. Targeting the 200 MA (monthly) also confluence with downturn channel. Macro is commodity deflationary too (short term). Many sales pitches pitching commodity supercycle end of last year. Same as bitcoin supercycle being pitched at $69k
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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.