Pt/Cu and Crude Daily

commodities_1874792b

An up to date look at the gyration in prices and exploring potential setups. Please take note this is not a recommendation or trading service.

Platinum

Daily

  • Should the price retrace, there is a potential inverse head and shoulder set up
  • For the IHS to work, price must not breach below $850

Copper

Daily

  • RSI is diverging and selling pressure may start to escalate if long bails out on the back of any risk off sentiment
  • The smaller IHS has hit target – there is a potential set up for a much larger IHS.

Oil

Daily

  • Uninterrupted uptrend line – April meeting is keeping the current rally but a breach below the uptrend line will certainly signal the end of the short covering rally

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s