Copper charts (HG1!)
ATM to me, copper charts are indicating a retest of EMA43 which based on current trend is ~ $4.6. There is selling pressure after RSI entered the overbought indicator on 21/5. I don't see this as being overly out of the ordinary but seems that it could be tied with recent US/China/Russia/Mid East events and returning fears of inflation and higher interest rates. Copper is crucial to the world and is in limited supply compared to needs, IE, just a blip on the short term radar.
HGO charts
I've added some notes but otherwise the chart is unchanged
Charts reflect support of long term trend at ~8.2. EMA43 is currently 7.7 EMA100 is 7.4. Institutional selling pressure was last at 7.8. I think this is the point institutions/larger holders started accumulating - the games.
My interpretation is that supports at 8.2, 7.7 and 7.4 need to hold otherwise 7.2 and 7.0 become possibilities. Based on buying pressure yesterday at 8.3, I think buyers could be drying up and those supports will become crucial to price action in coming days.
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Last
7.2¢ |
Change
0.003(4.35%) |
Mkt cap ! $150.8M |
Open | High | Low | Value | Volume |
7.1¢ | 7.2¢ | 7.0¢ | $71.19K | 1.004M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 429620 | 7.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.2¢ | 436563 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 429620 | 0.070 |
1 | 100000 | 0.069 |
2 | 215000 | 0.068 |
8 | 512790 | 0.067 |
8 | 837570 | 0.066 |
Price($) | Vol. | No. |
---|---|---|
0.072 | 436563 | 3 |
0.073 | 625000 | 3 |
0.074 | 146955 | 4 |
0.075 | 738207 | 6 |
0.076 | 200000 | 1 |
Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
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