Forest in Danger ,Timber supplies severely affected !
The recent bushfire incident in Australia is a tragic and a setback for humanity. God bless the country and the innocent people who are where they are now because of this situation.
Businesses too are suffering especially those in the timber, packaging, paper, furniture,etc industries where wood resources (supplies) are now very much compromised.
If this bullish chart continues which I think it will, then the current correction is an opportunity to buy at a later stage.
Businesses too are suffering especially those in the timber, packaging, paper, furniture,etc industries where wood resources (supplies) are now very much compromised.
If this bullish chart continues which I think it will, then the current correction is an opportunity to buy at a later stage.
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28.96 is an important support level. It needs to hold else it will heads further south.
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As it is , it seems supported at 28.96 and have also rebounded a bit upwards. Goto smaller time frame to determine your buying entry.
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congrats to those who followed. now it is retesting the resistance again at 30.28. Once it breaks up, we can expect price to head towards 32.
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Let's wait for the pull back before adding more.
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Now is ripe to add more