The Commodity is trading above its resistance. The commodity has closed above its 4 day high. The Buyers are showing interest in buying the commodity. The sellers have been trying to pull the price down several times but the buyers have been outperforming the sellers.
Recently the commodity has given the breakout and the RSI has also given a breakout confirming the price action. The ADX is rising and the price is trading above EMA which is one of the good trading strategies.
