XBM - iShares S&P/TSX Global Base Metals Index ETF

We are bullish on XBM-T in the short to medium term. XBM has broken out of the July 2014 and March 2018 resistance level. We like the trading channel and believe the price action will continue upward. The relative strength is pushing up against overbought. Our sell target is between $21.00 and $23.00, we will use RSI and trading channel price action to identify a limit sell when the time comes.