High probability of seeing higher prices
Actualizado
I've entered long lately. Reasons:
- Technically the trendchannel/flag has been broken to the upside. Trendcontinuation is very likely.
- According to seasonality (10 years or longer) the price will peak in mid Octoboer/November (depends on the time period).
- As problems in the supply chain, inflation etc. doesn't get solved quickly it increases only the price increase.
Nota
Still long. Could be a fake drop back in the channel. See the weekly chart:Nota
You might want to take a look on a seasonality chart covering the last five years:
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