What's it going to be like ? It is now hoovering at the resistance level area for the last 3 weeks. It might consolidate a while more before we see a breakout of the bearish trend line.
I am bullish on it just like my stand in Silver and other commodities I trade.
Unless you know what you are doing, you NEED NOT have all commodities in your portfolio. It is difficult to say how much allocation you should have as different people have different goals, strategies and knowledge. And always, always trade with a STOP LOSS. Nobody can predict the market (those who say they can are seldom traders themselves but earn their money through their "predictions")so just because it has been good the last few months, it may or may not be enjoying such trend in the future. That is why you need STOP LOSS to protect your money.
I am bullish on it just like my stand in Silver and other commodities I trade.
Unless you know what you are doing, you NEED NOT have all commodities in your portfolio. It is difficult to say how much allocation you should have as different people have different goals, strategies and knowledge. And always, always trade with a STOP LOSS. Nobody can predict the market (those who say they can are seldom traders themselves but earn their money through their "predictions")so just because it has been good the last few months, it may or may not be enjoying such trend in the future. That is why you need STOP LOSS to protect your money.
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Praise the Lord. Congrats to those who longed with us.....
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2 followers who bought this are now anxious that it might fall further. I have reiterated that commodities price action are volatile and you should do your own due diligence before going long or short.
For me, I am just holding it and not selling....
For me, I am just holding it and not selling....
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added more as it is above the resistance level at 1123.974
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Meeting heavy resistance at current price. It wouldn't hold for long before it explodes higher up..........
