DBB: Recession And Inflation Keep Industrial Metals In Balance (Archive)
Recession headwinds and inflation tailwinds keep industrial base metals precariously balanced.
This 5-Minute Pitch was originally published on Seeking Alpha before the launch of the Hunting Alphas website. It is shared here to showcase my previous work and track record. New 5-Minute Pitches published on this site will not be disseminated anywhere else.
Elevator Pitch
- Base metals may show resilience in 2023, despite a declining macroeconomic outlook.
- My technical analysis framework based on Trend Flow, Support/Resistance Location and False Breakout Traps suggests that the Invesco DB Base Metals ETF is in balance, but may be gearing up for outperformance.
- Impacts of recession and cost-push inflation, particularly driven by energy markets are key monitorables for Invesco DB Base Metals ETF.
Read the full article here.
Disclosures and Disclaimers
Past performance ≠ future results. Not investment advice. See full Disclaimer.
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