Ok, so we're back into the business.
A lot of people were so bearish right now as we are seeing the price is aggressively going down because of the latest PPI result.
I know that PPI result actually is super nasty and it's coming way super hot. However the PPI bad result was because of the increase in domestic expenses which it wasn't because of the tariff.
So that I also think that the PPI result won't affect the fact that we're going to get rate cut in September as well.
Remember, we're at price discovery level which you know that it's actually very difficult to get the trade.
However just by looking at current sentiment in the market, we're still super super bullish. I've never been this bullish.
Next support to watch is $116k and $111k.
