Short Term Trading Week Starting: 20 November, page-232

  1. 2,007 Posts.
    lightbulb Created with Sketch. 968
    Hi guys,
    Couple sector based charts

    Zinc:
    Might be worth a revisit at these levels, bounced on ST TL right and looks to be moving the right direction, see how it reacts to resistance.


    NCZ - Shaping up here, see if it can push on some time in the next three sessions


    Copper:
    Same as above, looks like it went through a PB/Consol period and moving out of its wedge


    OIL:
    Pullbacked to backtest its breakout, behaved perfectly to the dot and now looks to be making new ST highs. Looks good and some of the bigger guys have gone exponential lately BUL, PVD, COI, BRU.
    Will be interesting to see if moneyflow trickles down to smaller players.


    GOLD:
    I think its time, two large green bars has been very resilient and about time it goes to test the purple highs.


    VEC - Looks ripe for a breakout here


    DRC Lithium/Lithium:

    ORE and GXY came to agreement there is going to be some serious lithium bottlenecking. My personal suspicion is this will occur 2019 and if market are relatively healthy will provide a tonne of opportunities then upon the euphoria/somewhat panic from bottlenecking a supply chain issues. I don't think delivery will happen fast enough to match industry growth.
    UBS/GXY expect $7B USD under capitalization.

    As for DRC AVZ showing first sign of reversal. Still might need to wiggle before it moves towards its highs


    The DRC Li sector looks strong still

    Upticks on all three players.
    TAR has been the best performer lately, they can thank my magic touch from selling right before it ran haha.
    4CE jogged a little too on the back of $400M investment into infrastructure in the region, which is a game-changer for the region, market was happy to push 4CE and TAR project values on the back of this. .

    ------------------------------------

    CR8: Might be worth a revisit at these levels. Bit of caution needed however some supply looming in background
 
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