Yes, I track commodities too..
Comparing most of the commodities, almost all of them are bearish or slightly bearish. for example, Silver has been bearish for some time now and also gold has changed from bearish to slightly bearish today with creeping bullishness.
but coffee is the only one showing such a strong a bullishness, so do I buy it?
If the commodities are having a bad day except one, what does that imply? I don't know but I'm going to open a small long position at the low end of the range.
If you have any idea why coffee might be bullish, please let me know below
Redd
Comparing most of the commodities, almost all of them are bearish or slightly bearish. for example, Silver has been bearish for some time now and also gold has changed from bearish to slightly bearish today with creeping bullishness.
but coffee is the only one showing such a strong a bullishness, so do I buy it?
If the commodities are having a bad day except one, what does that imply? I don't know but I'm going to open a small long position at the low end of the range.
If you have any idea why coffee might be bullish, please let me know below
Redd
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