Technical:
An hour precision chart indicates possible head and shoulder formation, negative RSI. Day precision chart indicates RSI almost at its 80s and if a divergence is to be build somewhere there is a high chance it is here.
Fundamental:
Low stockpile of copper in China has inspired a rally but at this level of stockpile ALWAYS in the past we have seen a move that rebuilds it fast within a month.
Take profit 2.5
It would be great to see gold retest 1850 from bottom and then all commodities could initiate a simultaneous correction. In the long term commodities (obviously not all of them) can only rise.
An hour precision chart indicates possible head and shoulder formation, negative RSI. Day precision chart indicates RSI almost at its 80s and if a divergence is to be build somewhere there is a high chance it is here.
Fundamental:
Low stockpile of copper in China has inspired a rally but at this level of stockpile ALWAYS in the past we have seen a move that rebuilds it fast within a month.
Take profit 2.5
It would be great to see gold retest 1850 from bottom and then all commodities could initiate a simultaneous correction. In the long term commodities (obviously not all of them) can only rise.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.