Comex Silver – July 12 – Down within consolidation pattern. The medium term trend structure continues to flatten out with immediate weakness still considered to have been a further component of this broad and volatile trading range. While good support looks to have been uncovered in and around the 30.00/20 area immediate recovery attempts are [...]
Copper – Strong resistance turns values back down. Medium term trends look to have resumed their sideways status with the recent recovery phase considered to have been a further component of the past 3 months broad and volatile consolidation pattern. Strong resistance in the 8480/8500 looks to have restricted this strength for the time being [...]
The shadow of the delivery weighs on the market, as does a weaker currency in Brazil. Brazil, like many countries yesterday, was closed for holiday, but selling was still around and some of it was possibly linked to the fact that the Real closed a cent weaker (1.9083) Friday afternoon after New York had closed. [...]
Comex Gold – June 12 – Consolidating just above supports. The medium term trend structure remains pointed sideways with prices continuing to oscillate within the confines of the past 7 months broad and volatile trading range (1530-1810). The recent down-leg has continued to be cushioned by support extending down to the 1605.0/10.0 area with renewed [...]
Comex Silver – July 12 – Remains firmly range bound for now. The medium term trend structure continues to flatten out with immediate weakness still considered to have been a further component of this broad and volatile trading range. While good support looks to have been uncovered in and around the 30.00/20 area immediate recovery [...]
Copper – Strong resistance being approached. While short term trends are still up, the past couple of week’s strong recovery looks to have been a further component of a rather volatile reconsolidation phase following the failure of prices to capitalise upon breaks of important supports. Expect resistance waiting in and around the 8550/70 area to [...]
Comex Gold – June 12 – Consolidating just above supports. The medium term trend structure remains pointed sideways with prices continuing to oscillate within the confines of the past 7 months broad and volatile trading range (1530-1810). The recent down-leg has continued to be cushioned by support extending down to the 1605.0/10.0 area with renewed [...]
Comex Silver – July 12 – Remains firmly range bound for now. The medium term trend structure continues to flatten out with immediate weakness still considered to have been a further component of this broad and volatile trading range. While good support looks to have been uncovered in and around the 30.00/20 area immediate recovery [...]
Copper – Strong resistance being approached. While the short to medium term technical outlook has clearly improved with the inability of prices to capitalise upon recent breaks of key support seeing values return to the previous trading range, immediate recovery attempts should be restricted by strong and regular layers of resistance waiting above the market [...]
Comex Gold – June 12 – Bounces from support once again. The medium term trend structure remains pointed sideways with prices continuing to oscillate within the confines of the past 7 months broad and volatile trading range (1530-1810). The recent down-leg has continued to be cushioned by support extending down to the 1605.0/10.0 area with [...]
