Commodities Charts – Approaching key rebound levels
Cory
May 31, 2019
Chris Kimble, Founder of Kimble Charting Solutions joins me this week to look into commodities, and not just the precious metals. All of the charts below outline key levels that the certain commodity needs to rebound from. This can be a very profitable short term trade but be sure to put a tight stop. Or as Chris states wait for the bounce.
Thank you for this analysis!….GDX weekly volume is too light for me to say this is a confirmed breakout…..What it is may be a false breakout?…I no trust the move yet…Regardless next week should allow for entry at 50% of this weeks bullish engulfing candle…..I am calm and not concerned of missing out, at least yet….I never chase single leg moves up on entry attempts and that has saved me serious exposure