Metals & Mining Is Breaking Down
This article originally appeared earlier today on ETF Profits.
At the beginning of March, we highlighted the metals and mining sector as a group showing weak relative strength vs. the broader market rally and thought it could remain vulnerable to further downside. We see a confirmation of our original thesis as the sector is breaking down and the bears are gaining traction. The door is open for more bearish pressure on this group and for the currently weak technical price structures to expand. Continue to play the short side of the metals and mining group0 in the weeks ahead, as the sector could act as the downside leader if the broader market moves into a corrective phase or the idea of slowing emerging market growth starts to take hold....455 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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