The commodity has made a Harami Pattern at the Lower Band of BB and the next day it has opened gap up. This Gap Up is showing that the buyer was waiting for some confirmation and once the confirmation was seen buying came in strongly.

The Commodity is showing some good strength as it has made a harami as well as trading in a BB and is trading above the SMA as well. The commodity is trading in a  parallel channel as well, so we can expect the commodity to move near the upper parallel line.

The commodity is trading above the ICHIMOKU CLOUD still suggesting strong uptrend. Rsi is following the price and can expect to trade high.

Buy

Aug 12 2021

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