Category: Commodities
Gold Monthly Chart Outlook.

Flat price action behaviour in effect remains that way until a decisive breakout in either direction. Moving average (12 period) is also flat suggesting a further range bound price action behaviour being the most likely scenario. Trump resistance of $1370 – $1380 with the precious metal is the level to watch…
Is the precious metal GOLD on the verge of an UPSIDE BREAKOUT ?

Short term price action behaviour is suggesting an imminent upside breakout with the precious metal. Retest of the previous lows are positive as they have given us a higher troughs. Price action also staging a Bollinger Band Breakout as of this writing.Next important resistance test is likely to be the 200…
Copper Outlook PnF Way.
I am charting Gold stocks, what about you ?
Copper Outlook.

Weekly chart with a completed top and a trend reversal now on hand with Dr. Copper. Three technical developments, worth noting which all are supportive of each other or in sync are as follows : Support break and a follow through. Moving average bearish cross over. Current RSI reading. Next support level to…
Copper Outlook.

Couple of weeks ago I touched base to CRB index monthly chart technicals when it was testing a long term major resistance.See post here http://thecharttechnician.com.au/?p=4921&refferer=mailnotify&uid=118 Here is the Copper weekly chart within CRB. Support break x 2 sums the price action behaviour of it. What to look for in the near…
Thomson Reuters/CoreCommodity CRB Index Outlook.

Another long term monthly chart looking at the broader commodities as a whole. Still congested in the intermediate term and at a price resistance may summarise the technicals of CRB. It may be reasonable to assume that this congestion is likely to continue for a considerable period ( months) until a…