We are continuing to witness strong upward moves across the board in our natural resource selections vindicating our consistent and resolute stance to keep an eagle’s eye on staying the course.
It is increasingly possible that we may have seen the bottom in our chosen sectors and our mantra should be reflected commensurate with a powerful, unexpected upward rally which is the mirror image of the recent downswing. This may be a characteristic “V-Shaped Reversal” which technically is the hardest to forecast but among the most profitable and powerful of all chart patterns. We are encouraged by this upmove, but we must remember there will be volatility and profit taking as resistance levels have to be regained.
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