Don’t be fooled by last night’s pause, chartists warn, for crude oil futures are on the brink of a rally higher.
The Chartist reports one technical interpretation the USD Index having peaked inside an ongoing negative trend channel.
Technical analysts believe gold has been building a base for the next rally upwards.
The Chartist reports few definitive conclusions can be drawn from Woodside price charts, other than that a base building process might be in place.
Underlying weakness in copper has chartists at Barclays worried.
Technical market analysts at Barclays suggest nickel’s longer term downtrend might be re-establishing itself.
Charlie Chartchecker is preparing for a pull back, but he’s not too worried about it.
Overall price action in February has disappointed the Chartist. So what to make of it all?
The Chartist reports a positive break-out for Fortescue, but with resistance looming.
Traders and chartists are worried. Charlie Chartchecker suggests too much worry seems out of character.