Canadian TSX-V is holding support
Note: this is Friday’s close. Da ‘V’ is not trading today due to Canadian holiday.
The Canadian TSX-V is holding the 50 and 200 day moving averages and an important support level as it moves sideways, deciding whether or not there will continue to be an inflation and/or anti-USD trade in play. This is the speculative end of the commodity/resources related markets and so if it holds up and eventually participates, it would be a positive sign for such trades. As yet it has been selective and rotational within the different commodity areas.
The weekly chart shows how important the noted support in the 600 area is. Personally, I am not giving up on the prospect of a continued move in commodity related items until this market and certain other indicators give the signal.
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