Commodities Are Waking Up From The Support
Jul 26, 2023

AW

Commodities are waking up from the support with the help of China stocks and there’s room for more upside as shared back on June 08. CLICK HERE

Bloomberg commodity index with ticker AW made a nice three-wave (A)-(B)-(C) correction with the wedge pattern into wave (C). Unless it has alternatively unfolded a leading diagonal from the highs. Anyway, in both cases we can expect a recovery, at least for a temporary period of time.

Currently we can see it nicely breaking out of projected wedge pattern, which indicates for a bigger recovery, at least back to the starting point of the that wedge pattern near 120 area, or maybe even higher if correction is completed.

Commodities Are Waking Up From The Support AW Daily Chart
AW Daily Chart

Ethereum Classic Is Looking For More Gains. Check our blog HERE

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