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
5.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $113.1M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 188351 | 5.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.3¢ | 25000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 188351 | 0.056 |
2 | 1543 | 0.055 |
1 | 43616 | 0.054 |
4 | 518017 | 0.053 |
4 | 694490 | 0.052 |
Price($) | Vol. | No. |
---|---|---|
0.053 | 25000 | 1 |
0.054 | 250000 | 1 |
0.055 | 471428 | 2 |
0.056 | 649230 | 3 |
0.057 | 517817 | 2 |
Last trade - 09.00am 23/09/2024 (20 minute delay) ? |
HGO (ASX) Chart |
Day chart unavailable