$JJT is the main instrument on the stock market for trading tin prices; which are based on LME tin contracts; which in turn are based on Shanghai Metals Exchange contracts. Tin prices will continuously increase as Chinese electronics manufacturing ramp up-- $JJT is a China reopening play. Technical indicators are instructing caution as we enter a key supply zone. Knocking right on the 150 EMA and the upper Bollinger Band, plus we are overbought. I don't see a topping pattern and I'm not calling for a reversal, but we are due for a pullback. Good luck
تعليق:
Bearish divergence on the RSI & still stuck on the 150 EMA. If you're thinking of trading any of the base metals, I would recommend searching "ShFE Metals". I'm not sure buying is that strong on the spot market, despite the strong price uptrend.
تعليق:
It's worth noting that the LME Metals Index (which you can trade via BCIM, JJM, or DBB) is forming a Head & Shoulders pattern: tradingeconomics.com/commodity/lme