InvestingScope

Base Metals: Long term sell opportunity.

Short
AMEX:DBB   Invesco DB Base Metals Fund
The Base Metals market is reproducing a pattern that led to its 11.00 Multi Year Monthly Support in 2016. The formation starts with an aggressive channeled rise from the Support, continues with a Head and Shoulders and ends with a structured decline towards the 11.00 Support again.

We appear to be forming the right shoulder of the new H&S pattern so what should follow is a structed decline to 11.00. We are on a long term short on this market.







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