DBB (Industrial Metals) has come down to the "buy zone" on the Standard Error Channel, and bounced strongly, giving a three-day bullish reversal signal.
RSI has given a dual signal: above the 5-DMA and down trend line. It was very oversold - so that now looks positive.
Other indicators have ticked to the upside.
This is not overwhelmingly positive - but enough to think the probabilities are now to the upside for our miners which have been lagging our broad market index.
RB
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- XJO Weekend Charting and Chat - 9th March 2018
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