Commodities Update

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

  • Looking very toppish and will not be surprised to see daily RSI moving lower to ease off from the overbought levels

Copper

Daily

  • Technically under pressure to retrace lower – perhaps to find support and test buyers resilience
  • Completed the small IHS and now consolidating

Oil

Daily

  • Approaching potential sell zone but without a break below the uptrend line, we cannot confirm to take a trade
  • We need confirmation from lower time frame of a confirmed break in the market structure
  • US Oil inventories data today

 

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