short stld again30 min indictors very bearish 35.63 support will break today MACD crossover 12:15 12:30
STLD trade ideas
STLD: Massive uptrend in steel comingSTLD's chart is massively bullish, the same as copper, iron ore futures, AUDUSD, and other correlated instruments. The setup here confirmed some time ago, but it's relevant as an analysis piece now. Most people are bearish on equities but I believe we're seeing the bottom here, or very close. Rising commodity prices seem likely going forward as well, which will benefit the AUDUSD bulls like me.
Cheers,
Ivan Labrie.
