Attached: COPPER/ SILVER Daily Chart as of 20th June 2023
The Ratio has given a Breakout from a Cup & Handle/ VCP Pattern today
Within the Commodity space it appears that Base Metals are doing better than Precious Metals
And so this Ratio can head higher to retest the 0.5 Fibo retracement level as the 1st Upside Target (marked on chart with arrow)
Technical Indicators also confirm the BO:
- RSI above 60
- MACD in Buy Mode and Above 0 line
- DMI in Buy Mode and ADX starting to Turn up
The Ratio has given a Breakout from a Cup & Handle/ VCP Pattern today
Within the Commodity space it appears that Base Metals are doing better than Precious Metals
And so this Ratio can head higher to retest the 0.5 Fibo retracement level as the 1st Upside Target (marked on chart with arrow)
Technical Indicators also confirm the BO:
- RSI above 60
- MACD in Buy Mode and Above 0 line
- DMI in Buy Mode and ADX starting to Turn up
Siddharth Bhansali
✔️Twitter Handle @T_Harth
✔️Twitter Handle @T_Harth
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Siddharth Bhansali
✔️Twitter Handle @T_Harth
✔️Twitter Handle @T_Harth
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.