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Tuesday, 20 November 2018

The Current State of Steel (Major Steel and Steel Stocks Rally Expected Ahead): 20 November 2018, Tuesday, 10.12am Singapore Time


The Current State of Steel (Major Steel and Steel Stocks Rally Expected Ahead): 
20 November 2018, Tuesday, 10.12am Singapore Time
(Click on Technical Chart above to Expand)

Attached is the Technicals of VanEck Vectors Steel as a litmus for the Current State of Steel. The entire 2018 had been used for massive re-accumulation of commodities. Steel is one of them. The bullish descending wedge spanning 2018, which is supposed to create massive bearishness among the naive herd, is going to complete soon. When it completes, Steel and Worldwide Steel Stocks will resume the next big wave up in 2019-2020.

【Do not follow the herd shouting for bear or drawing bearish charts cluelessly】

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