If you are considering trading or trading metals I would take a cautious approach. I suspect the rally in metals could be halted for a few weeks by some resistance at the intermediate cycle trend line and the 200 day moving average which are converging now near the 1855-1860 area. This looks to be an obvious place for a contract dump to occur. The Commodity Channel Index is ready to produce a sell signal and conditions are at overbought levels.
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May 2021
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