$VALE $VALE followed through nicely after last weekend's bullish engulfing candle that formed at bullish flag support and the 50 EMA shared in the post below. Last week's bullish continuation candle confirms a pivot low reversal, increasing chances that buyers have regained short-term momentum. While price remains within the flag, the technical structure continues to improve. A breakout above descending flag resistance would likely signal a resumption of the primary uptrend, confirming the low of the handle within the larger cup-and-handle pattern and opening the door for a move toward a retest of the neckline. Until then, bulls have the momentum, but the breakout remains the key confirmation level. If you trade commodities and want to master Japanese candlestick analysis for a simple yet effective approach, I share my trades and provide daily post-market technical video reviews on key markets like #GOLD, #SILVER, #OIL, #URANIUM, #COPPER and more! Get access to setups, entry levels, and coaching on reading price sentiment through candlesticks. Join us at https://t.co/piEjMamo61 and be part of a chat room full of traders who trade the same markets as you! $RIO $BHP $CLF $FCX $TECK $MP $SCCO $NUE $X $AA $STLD $MT