Central banks can print currency but they can't print wheat!
While tech and high growth stocks were in favour during the economic expansion, hard assets and necessity goods are likely to be in favour during the stagflationary period to come. Even in a recession, people need to eat!
We have broken the 2009 downtrend and formed an inverse head and shoulders as a...
Another obscure ETF from my home country but I like the look of the chart. 5th wave due or another leg down for the correction or something totally different. I don't know but I will be watching for signs that my count has any validity.....
Nothing changed with this one, same range as in the previous post, backtested the range EQ and now headed to range lows. Looking to buy at around range lows, but maybe only after it has swept the previous lows and reclaimed the range.
Coffee isn't alone in this dump, it's all of the commodities at the same time.
Wisdomtree COFFEE OD7B failed to get back out of the white range pictured here. Now it's headed back to range EQ @ 0.674. If that fails as support, it's headed to range lows or even new lows after that because of the massive swing failure above the white range (the green boxes). If that happens I would only enter back in if it reclaimed the white range lows.
Bounce from 78.6 fibs & also previous resistance which becomes support
it should head towards 50% retrace line & hopefully brake it eventually.
Very bullish on Nickel in coming weeks/months/years due to EV battery metals rise
The Coffee price broke the trend line down and some resistance zones. Waiting for the price pull back the support zone around 0.800 or the trend line around 0.700 then go Long
