Conti is a company that has 2 factories in my hometown.
They are giving a lot of jobs to many people. I market down the areas where I might add LONG to this trade.
They will surely get a bailout if they get in trouble because of the number of jobs they give and the number of suppliers they work with. Plus they have a really good quality product. ( Tires...
Ok, so this trade would be based on the rumors that the Japanese economy is not that great at the moment. And these rumors started before the COVID19.
Trump wants to make his country great, can't blame him for that. With the 2T $ stimulus package almost approved by everyone he's talking about getting back to business by Easter.
So USD being strong ( if Trump...
So enough money was spent on covering margin calls with this metal.
It's time for it to earn its worth.
After all we live in times of crisis. ( COVID19 )
This is a Weekly chart, it might get there much quicker. I mean... have you seen the unemployment claims in US ? Almost 4m ? pffff ..
I don't know about other parts of the world but in Eastern Europe it was the wheat that disappeared from the Supermarkets first not the toilet paper.
So I'm biased Long on this trade purely from what I saw happening around me.
Also it's almost April, harvesting for wheat comes towards the end of Summer. So I expect this to go up, maybe not all the way to 7 but...
a lot of OJ is going to be consumed whilst we stay at home with this COVID situation.
Demand is going up so price is going up
I might be a bit late to this party but let's see, COVID19 situation in USA is just starting and we know Americans like their OJ . #MakeAmericaGreatAgain
Eurozone is still struggling with the COVID19. The situation in Italy, Spain and Germany still looks grim. UK got out ( Brexit ) so one less big spender in EU
The ECB is injecting a lot of stimulus into the economy ( billions and billions ). EU closer to accessing its bailout fund, the European Stability Mechanism.
Now... CHF is a safe have currency ( together...