The Softs ETN is potentially signalling a breakout coming based on the daily. The Weekly also shows firming strength. Seasonality wise, this is a bit early, but I'm seeing quite a few breakouts over resistance in things like Cotton, Sugar, and Corn is seeing strength too.
No hurry on this, however perk up on this, especially if the dollar strength starts to wane which would give an additional boost to this area of commodities.
Early RSI breakouts may initially fail, however they do tend to push back higher after a bit of consolidation.
No hurry on this, however perk up on this, especially if the dollar strength starts to wane which would give an additional boost to this area of commodities.
Early RSI breakouts may initially fail, however they do tend to push back higher after a bit of consolidation.