Vale S.A. VALE

$VALE bull flag forming. $18 next week along with a tailwind from a falling DXY.

$VALE dividend has not yet been announced on VALE investor website section. Therefore, this is another ploy by the corrupt media to spew lies to get you to dump these value shares before the run up. Hence another “estimate” which is also different from $.05. Go direct ti VALE website for correct information. Dividend has not been declared yet.

$VALE big volume buy early morning and end of day buying. Still low volume, but this could be due to investors/algos waiting to confirm the DXY is forcefully rejected at the $105 and confirm the dollar downtrend. Low volume moves could also signal a reversal in trend.
I think the USD will continue to fall rapidly this month, the broader markets gains, and VALE hits $20+. The faster the fall of DXY, the faster the rise in VALE.
Caveat- the inevitable global equities crash, within 12 months, will send the DXY to a blow off top (don’t be invested in VALE or anything else for that matter).

$VALE this was the pull back we needed. Low volume move so we will zoom after.

$VALE Last time the DXY was at this level of $105 was July and Vale bottomed around $12. The DXY went to $115 and VALE trades sideways throughout that time (an early indicator the DXY run would come to a quick end).

The next level the DXY should hit is $100.

The last time the DXY was at $100 was April and VALE peaked in the low $20S.
Now, the dollar could potentially fall to the low $90S again. We may see VALE hit a new high this year still (around $30).

I would take profits at $20 though and stay invested in a smaller position to see if $30+ plays out.

$VALE last post this week bc we all know this will get to $20 probably this month.

DXY under $105 (important support) and end of day buying on VALE. Tomorrow we zoom ?, but I kinda wanna see stronger than avg volume.

$VALE DXY is down bigly today…may get over $17 today. Happy trading folks! Still waiting for a slight pullback and higher volume on green days.

$VALE through the $16.50 resistance. $18 is on deck this week or next.

$VALE at resistance now. I expect a pullback then a retest. We have low volume on the pump and DXY gaining in the short term. I expect DXY to continue to sell off short term and VALE to rise to $18 in the next two weeks. With so much doom and gloom about 2023, I can’t help but be bullish on commodities.

$VALE yes…that is the moon over there…