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Thursday, 10 November 2016

The fierce fight for steel between USA and China from 2017 onwards: 10 November 2016

Steel commodity, steel companies and steel stocks all over the world will rally very fiercely in 4Q-2016 and 2017

Whatever that is related to steel will all glitter from 4Q-2016 onwards. The price of steel and infrastructure-commodities will shoot up tremendously because the big economies are turning to infrastructure development at the same time. Steel commodity, steel companies and steel stocks all over the world will rally from the bottom now. Donald Trump will lift the price lid on steel. 

It will be a fight for steel now between China and US. China wants to develop Asia's railway network, and US is there to fight for the steel and jack up the prices. US wants to develop infrastructure for the long term now. China's Silk Road railway network may have to be done with much difficulty. 

If you want to make good money, but have no idea how to, below are some trade ideas. Stay vested for at least 1 year, rewards will be good:

Dow Jones US Steel Index 
as litmus indicator of Worldwide Steel Prices
Uptrend with 200MA and 50 MA both acting as major supports;
all buying are high volume real buys

USX-US Steel Group Inc (NYSE: X)
Large US Steel Corporation
Uptrend with 200MA and 50 MA both acting as major supports

Pohang Iron and Steel, POSCO (NYSE: PKX)
Large Korean Iron and Steel Corporation
Uptrend with 200MA and 50 MA both acting as major supports

Tata Steel (NSE: TATASTEEL.IN)
Large India Steel Corporation
Uptrend with 200MA and 50 MA both acting as major supports

VanEck Vectors Steel ETF (NYSE: SLX)
Steel ETF: Investing in Steel directly
Uptrend with 200MA and 50 MA both acting as major supports

Gibraltar Steel Corp (NASDAQ: ROCK)
Investing in other steel companies besides the giants
Uptrend with 200MA and 50 MA both acting as major supports


CosmoSteel listed in Singapore SGX
(SGX: B9F, CosmoSteel)
Bottoming with low volume market re-accumulation


Angang Steel Co. (HKSE: 00347)
a large China steel corporation that is listed both in Hong Kong and China
Bullish Rounding Bottom

Malaysia Steel Works KL Bhd (KLSE: 5098)
a steel company listed in Malaysia KLSE
Bullish cup and handle accompanied with real solid volume of buy-ups; a show of intention.

PMETAL (KLSE: 8869)
a metals company listed in Malaysia KLSE
Bullish cup and handle accompanied with confirmation of change of trend to large uptrend

SOUTHERN STEEL (SSTEEL) (KLSE: 5665)
a steel company listed in Malaysia KLSE
Green circled region: change of trend to large uptrend.
Light green circled region: double confirmation of huge uptrend to come.

TKC Steel Corp (PSE: T)
a steel company listed in Philippines PSE
Breakup with high volume and buy-up with high volume at major resistance-turned-supports;
a show of intention.

Triangulation achieved.

Donovan Norfolk Technical Ratings:
BUY PLENTY OF STEEL AND METAL STOCKS TO GET RICH
HIGHLY BULLISH ON RAW MATERIALS SUCH AS STEEL AND METALS

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