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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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This PageThe Speculation page is used for educational purposes and to talk about our opinion on trades and what is going on in the market. All trade recommendations are made in "The Pit". This is also a blog page where you can ask questions, post your thoughts, or ask for help. Be sure to use an anonymous name. If you have any questions feel free to reach out to us via email. Archives
May 2021
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