Some commodities are playing tricks

When the DXY Index registers an RSI (monthly) reading of over 65, it’s a reasonable signal to accumulate commodities.

This study is not be used in isolation nor disregard analysing the specific commodities of interest.

However, as I am preparing to accumulate certain commodities, this latest signal may be a short term bull trap, especially those chasing oil prices higher.

So my discipline will be to wait for my price and if I miss my entry price without an adequate margin of safety……then it can go on without me.

August 10, 2023

by Rob Zdravevski

rob@karriasset.com.au