Pre-market trend | Vale SA (VALE) 5/13 Resource stocks see capital inflow, bulls gather strength for a breakout?

Yesterday, global mining giant Vale SA triggered a golden cross signal above the zero axis of the daily MACD, with a single-day trading volume of approximately $716 million, and the capital inflow intensity was relatively prominent among commodity-related stocks. The establishment of bullish signals suggests that the buying power is regrouping, and signs of stock price stabilization and warming from previous adjustments are becoming clearer. As one of the largest iron ore producers in the world, Vale SA's stock price trend is highly correlated with commodity prices and the global manufacturing sector's prosperity. The current technical signals are worth close attention from resource sector investors. On the news front, copper prices continued to approach historical highs yesterday, and overall, bulk metals are in a strong cycle. U.S. PPI data surged beyond expectations, with rising raw material and energy prices being significant drivers, reflecting an increasing pricing power in the upstream of the global supply chain. The Brazil ETF (EWZ) fell 3.82% yesterday, indicating overall pressure on the Brazilian market, but Vale SA, as a highly internationalized resource giant, tends to follow global commodity prices rather than local market sentiment in Brazil. The China Large Cap ETF (FXI) rose 2.49%, and the China Overseas Internet ETF (KWEB) rose 4.94%, indicating that the warming expectations of Chinese demand provide positive support for iron ore prices. Additionally, the Emerging Markets ETF (EEM) rose 2.11% simultaneously, showing that global capital's preference for emerging market resource stocks is heating up