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Commodity Insight – Zinc
Possible new short-term drops for zinc. Area 2650 $/ton turns out to be a strong resistance area. First short-term targets are identified in the area 2560$. Analyzing the data of the Cot report published by the Lme shows a strong liquidation of buying positions by...
Commodity Insight – Copper
As written in the January 26th post, copper prices could have broken down through the support at $7800 and they did. UpDate - After reaching the highs of 2012 in the $8237/mt area, copper prices have started a downward spiral, included in a descending channel that may...
Commodity Insight – Copper
The copper settles in a narrow range between $8230 and $7800. The negative divergence of the MACD indicator suggests a loss of strength in the metal, which could extend a possible correction below $7800 towards the wider targets in the $7700 and $7400 area. The medium...
Commodity Insight – Aluminium
The strong rally in aluminium that started in March last year is slowing down slightly. However, prices are above all major dynamic supports (200- and 50-week moving averages). Last week's pullback may have triggered a new upward impulse with short-term targets in the...