DJP holds TL or GANN support @37; FIBO levels dictate INFLATION!
DJP, a commodities play, is an inflation hedge. If DJP breaks 37 voiding the Trendline or GANN FAN line support, then inflation may have peaked out temporarily.
Holding 37, DJP may see higher inflation numbers.\
Note that all impt FIBO levels are respected here in increments of 4.
37 is the 2.618 level of 31 to 27.
If 37 holds, the next resistance is at 41, the 3.618 & next higher high is 45 the 4.618 level.
If 37 breaks, the next support is 33, 1.618 FIBO.
Not trading advice
Holding 37, DJP may see higher inflation numbers.\
Note that all impt FIBO levels are respected here in increments of 4.
37 is the 2.618 level of 31 to 27.
If 37 holds, the next resistance is at 41, the 3.618 & next higher high is 45 the 4.618 level.
If 37 breaks, the next support is 33, 1.618 FIBO.
Not trading advice
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