Don't Ignore This Chart!

Latin America Starts To Run (ILF)

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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.

Announcement from the Author

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Greg Schnell
About the author: , CMT, is a Senior Technical Analyst at StockCharts.com specializing in intermarket and commodities analysis. Based in Calgary, he 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 Market Technicians Association (MTA) and the International Federation of Technical Analysts (IFTA).

Greg is also the co-author of Stock Charts for Dummies (Wiley, 2018). Greg joined StockCharts.com in 2012 and has be instrumental in helping launch a variety of new blogs and other commentary platforms. Presently, Greg contributes market analysis commentary to The Canadian Technician, Commodities Countdown and Don't Ignore This Chart blogs. Learn More
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