Dr Copper Outlook PnF Way.

As the bearish target from the top is almost met (near enough is good enough as it is a forecast), drop in volatility and clear support and resistance levels are now in place.See box of tricks. Which way the next move is likely to be ? Drop in volatility may suggest an…

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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…

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Copper Outlook PnF Way.

What is subjective with this PnF 3 Box chart of copper ? Box size which I have selected that equates to approx. 1%. To me, this represents a medium time horizon (weeks/months) in analysis. Objective here is to identify tops and bottoms and take counts. What is the trend ?…

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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…

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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…

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