REMX formed 2 island reverals (a big one and a smaller one at 0.382 fibo) resistance at 16.9-17.16
Retested the wedge boundary with positive momentum divergence
Theoretically REMX is overbought but as it seems that we manage to overcome the medium line of the channel the so far modest correction could get more speed soon.
Rare earth ETF, REMX ,has been the best performing commodity ETF in a basket that include gold, copper, and energy funds. it had a 3 month return of 15.9 %. The only ETF beating this is PTM with 26.3 %. I holding this for the month, as part of my asset rotation strategy.