$WLD I’m bearish on this. The bounce off the bottom has been quite strong this round, but the price is now exactly up against the zone from before where previous pumps repeatedly got smashed down hard. There’s also a lot of supply sitting overhead, and liquidity is still hanging above the prior high. If short, I’d watch for an entry in the 0.414-0.426 range, set the stop loss above 0.455, and target 0.398, then 0.379, down to 0.358 along the way. If the sellers can hold this area, the price may pull back again, filling the demand zone left behind during the rebound. Don’t go in too heavily—this kind of resistance level behaving this way is normal. Control your position size and watch the risk.

WLD4.79%
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