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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Copper charts (HG1!)ATM to me, copper charts are indicating a...
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Last
6.8¢ |
Change
-0.004(5.56%) |
Mkt cap ! $142.4M |
Open | High | Low | Value | Volume |
7.1¢ | 7.2¢ | 6.8¢ | $456.2K | 6.615M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 251625 | 6.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.0¢ | 268521 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 251625 | 0.068 |
7 | 580648 | 0.067 |
6 | 498801 | 0.066 |
9 | 284838 | 0.065 |
1 | 300000 | 0.064 |
Price($) | Vol. | No. |
---|---|---|
0.070 | 268521 | 4 |
0.071 | 130000 | 1 |
0.073 | 300000 | 2 |
0.074 | 175000 | 2 |
0.075 | 7169 | 1 |
Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
6.9¢ |
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Change
-0.004 ( 4.17 %) |
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Open | High | Low | Volume | ||
7.1¢ | 7.1¢ | 6.8¢ | 2370792 | ||
Last updated 15.57pm 14/06/2024 ? |
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