Latin American ETF's are a broad way to play the move in Industrial Metals as well as the weakness in the $USD. One broad ETF for multiple Latin American countries is ILF.
This just keeps moving to new highs and has broken above resistance. Buyers way want to put this on a watch list for a pullback as a more attractive entry.
There is a Commodities Countdown Recording available to explain more about the opportunity in the Industrial Metals. Commodities Countdown 2017-08-24. For Canadian investors there is a fresh version of The Canadian Technician Recording 2017-08-22. The MarketWatchers Live Recording is available here.
Enjoy the weekend.
Good trading,
Greg Schnell, CMT, MFTA.
About the author:
Greg Schnell, CMT, MFTA is Chief Technical Analyst at Osprey Strategic specializing in intermarket and commodities analysis. He is also the co-author of Stock Charts For Dummies (Wiley, 2018). Based in Calgary, Greg is a board member of the Canadian Society of Technical Analysts (CSTA) and the chairman of the CSTA Calgary chapter. He is an active member of both the CMT Association and the International Federation of Technical Analysts (IFTA).
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