Just my opinion on what's coming with the current global inflation picking up. The last 12 years have been a falling wedge with the 3 confirmed impulses. We touched the first resistance at 66$, bounced back and look like we are now heading for a re-test before the end of the summer. If oil break out, the next resistance will be around 75$. At this point if it go higher, it would be safe to talk about a new commodities supercycle.
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.