Bullish Flag breakout on the Commodity Index
Commodity Index Monthly chart ... this looks very much like a breakout from a half-way-up the flagpole pattern.
The dotted line shows the resultant projection & suggests commodities to remain in a bullish uptrend thru to circa Nov/Dec 2026.
Chart clearly shows we've been at that sort of price level once before (2008) & what happened next.
The dotted line shows the resultant projection & suggests commodities to remain in a bullish uptrend thru to circa Nov/Dec 2026.
Chart clearly shows we've been at that sort of price level once before (2008) & what happened next.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.