The commodities market is not as volatile as forex but can offer great long-term opportunities. I published an idea on natural gas before, so far is making some profits:
Here is another opportunity on rice, we can see it better on long term chart: Monthly chart: price is bouncing from a long term support and trendline resistance
Here at w1 chart we can see a pinbar at that area and EW cycle completed
We can trade it on D1 chart also:
Best regards
Comments
IvanLabrie
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Yes, the gap is wave 3 of 3.
ElPatron.Y
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Never looked at rice but this one looks like it is about to reverse.