I have “no”.
In fact I’m on a fresh monthly sell, pending the next week or so.
Last month’s high would have to be taken out, for me to reconsider.
That and a corrective pullback after the next tag of the 200dma.
I think, more generally in the commodity sector including energy, there are likely zombie companies being kept afloat by low rates. So CRB will reverse up, only after rates bottom. Then BK’s will thin out the losers and give the rest a better shot as well get to pay more.
I have “no”.
In fact I’m on a fresh monthly sell, pending the next week or so.
Last month’s high would have to be taken out, for me to reconsider.
That and a corrective pullback after the next tag of the 200dma.
I think, more generally in the commodity sector including energy, there are likely zombie companies being kept afloat by low rates. So CRB will reverse up, only after rates bottom. Then BK’s will thin out the losers and give the rest a better shot as well get to pay more.