The following is just a small excerpt from my latest Weekly Strategy Session (please click on that hyperlink for details about trying it out). which I published for members and 12631 subscribers this past Sunday.
Last weekend’s analysis of commodities revolved around coffee and crude oil. Crude turned in a mediocre week, with the USO ETF still needing to decisively clear $38 to the upside.
However, coffee impressed, with the updated ETN weekly chart showing a falling wedge breakout in progress. Clearing $36 is the next upside level for bulls to attack.
Returning to the precious metals and their miners, we know the action has been expectedly volatile and whippy of late. And yet, each apparent breakdown has been met with buyers stepping in, fearlessly, to stage a surprise rally. or at least stem the tide of selling.
First, the gold and silver ETF weekly charts illustrate…
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