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TSX Global Base Metals Index ETF : Testing Major Trendline?
February 22 2016 ( TradingView, Stockcharts )

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The Situation

The Canadian TSX Global Base Metals Index ETF - XBM
( iShares S&P/TSX Global Base Metals Index ETF ) started to outperform
tremendously since February 2 2016 the Mighty TSX60 Index ETF - XIU
( iShares S&P/TSX 60 Index ETF ). ( See First Chart Below- Daily Ratio ).

It was a strong support sign on a relative basis since we have been
testing the Major Support Trendline on a Falling Wedge Pattern that
started back since January 14 2015 on that Canadian ETF s Ratio.
( See First Chart Below - Bottom Blue Trendline ). It get over the 50 DMA ( Day Moving Average ) the first time since November 4 2015. ( See First Chart Below - Red Line - Ellipse )

But the most interesting factor is that we tested last week a Major Resistance from a Falling Wedge on the TSX Global Base Metals Index ETF - XBM that started back since May 5 2015. IF broken, it will be the last call for Bears. ( See Second chart below - Red TrendLine - Ellipse)

TSX Global Base Metals Index ETF : Testing Major Trendline? $TSX #Trading #Canada #investing #xbm #xiu

Daily RATIO
XBM ETF ( iShares S&P/TSX Global Base Metals Index ETF )
over
XIU ETF ( iShares S&P/TSX 60 Index ETF )

Financialiceberg.com

XBM ETF Dailly Candles
( iShares S&P/TSX Global Base Metals Index ETF )
Volume ( Bottom Blue Line )