Copper / USD Weekly chart Copper is breaking up the second Tentative Down Trendline. New Tentative Up Trendline in place. See the links below
Performance table from May 2013 - Oil, Palladium, Wall Street, Platinum, Copper, Gold, Silver in that order. Should be self-explanatory. I would be interested in any educated conclusions.
Palladium overtakes Gold. Platinum gets the bronze medal and Copper is 4th
June 23, 2014 Gold has a change in behavior and on the frequency of its new Up Sloping Fork. Price now has to navigate the 1320.00 check point. Potential support 1312.00. Moderate advance target at 1400 area -August 6-12. Keep eye on U$D. Not a recommendation to buy or sell this commodity.......
Friends, This past March 11th 2014, I offered two distinct forecast targets, namely: 1 - TG-1 = 35.20 - 11 MAR 2014 and 2 - TG-2 = 38.60 - 11 MAR 2014. This trade was particularly tricky, as it called for one bearish target and a bullish counter-trend. However, it turned out that it hit both targets with some respectable accuracy - See original chart posted...
Friends, Predictive/forecasting model is bearish on $Gold, having defined significant R/S levels as follows: 1 - Strongest resistance within the 80.94/81.63 range 2 - Moderate support with reversal potential at 74.50 3 - Strong support with break-thru risk at 74.04 Also, model defines the following conditional targets, provided breach of 74.04: 1 - TG-1 =...
Please comment on copper chart
Golden Cross coming, First time in Ages the company are expected to have positive earnings all with the copper prices dropping over the longer term, but up recently.