Chart Update, page-17843

Your fib should have started a bit from the all time low making the 61.8 at about current low. Using an RSI to mesure momentum or trend, the weekly level where RSI is consistently around the 30 is anpther way to use this momentum indicator.

I still can't work out how the market got it so wrong as the pandemic hit, ignoring the daigou channel suddenly impact from travel restriction. I was mesmerised by the price action against this fact and we are now seeing the negative effect from this realisation unfortunately. I just can't see any positive news happening as the geo-politics are actually ramping up the adversorial difference of opinion. Biden has actually made this divide much more permanent than Trump because he isn't transactional and we as a nation is sucked much deeper in this fight with our largest trading partner.

Watch Coal as a measure of the temperature on the relationship used intentionally as a pun since a minority of commentaries were suggesting that the Chinese would feel the cold snap can come back with tail between legs and start buying up thermal than met coal. Not happeneing as we progress to the northern spring!