LT Conviction: 5/5
ST Conviction: 2/5
Breakout confirmed for long-term upward movement. Risky short-term.
Explain:
Lots of agriculture requires fossil fuel as inputs (fertilizer), and with structural underinvestment in fossil fuel extraction, prices should remain elevated for the next few years.
This higher prices should trickle down into agriculture production costs.
Rising inflation should also increase (price) demand for agricultures.
However, short term looks overbought, and could drop in the next 1-3 months, following energy prices.
ST Conviction: 2/5
Breakout confirmed for long-term upward movement. Risky short-term.
Explain:
Lots of agriculture requires fossil fuel as inputs (fertilizer), and with structural underinvestment in fossil fuel extraction, prices should remain elevated for the next few years.
This higher prices should trickle down into agriculture production costs.
Rising inflation should also increase (price) demand for agricultures.
However, short term looks overbought, and could drop in the next 1-3 months, following energy prices.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.