Hello, I truly hope that everyone and your families are safe and in good health.
My long range opinion. I am relieved to see that we did not bottom out completely, meaning there are still very interested buyers. Is the bottom in? I don't think so, but we are getting close.
$20 is not out of the picture, but a few things would have to go perfect storm for that scenario (but look at the top 2 powerhouse countries and you know anything can happen).
My hope before CV19 was the green dashed line as bottom, but now blue is now the bottom marker. The rest is self explanatory.
Be safe and well, good fortune to all!
My long range opinion. I am relieved to see that we did not bottom out completely, meaning there are still very interested buyers. Is the bottom in? I don't think so, but we are getting close.
$20 is not out of the picture, but a few things would have to go perfect storm for that scenario (but look at the top 2 powerhouse countries and you know anything can happen).
My hope before CV19 was the green dashed line as bottom, but now blue is now the bottom marker. The rest is self explanatory.
Be safe and well, good fortune to all!
Comment:
Just a quick update. Looking at the hourly, potential for inverse H&S. Do not use money you can't afford to lose, especially in these times. Stay safe, stay well!
Comment:
LTC very flat, if MW update does not exceed, will dump.
Comment:
Took 4 months longer, but the idea holds.