REFLATION FINISH LINE? Short

iShares GSCI Commodity-Indexed Trust FundArca

Description

⋅ Jul 8, 2021 12:12 PM

Potential ending diagonal for commodities.

Overbought weekly RSI with divergence into an area of resistance.

Bond market has been telling us that the inflation hysteria was overdone and the crowd was all on one side of the boat.

Energy held strong while most other commodities have rolled over. Energy may join now.

Even if you believe that we have started a new commodity bull market, nothing goes up in a straight line.

as always for entertainment purposes only.

Comments

thewickedwiz

⋅ Sep 24, 2021 3:34 PM

Since your last post we had a consolidation, only problem I have with such Etfs is that they hold futures and swaps and not physical.
started buying at 10 and added.
I believe this may still go much higher ,possibly double from here and later get to 50.
We are now making a new high and this after consolidation,as I don't chase stuff will leave it but think this move is real,
Inflation is coming big time and supply shortages will be common .