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Sector of The Week: Platinum & Precious Metals
The relative trend is down, with the sector near a 3-year low versus the market. Considering the momentum readings, the 14-day RSI shows strong momentum to the downside but also a excessively oversold conditions with the prior peaks and troughs coinciding with turns in the relative performance of the sector vs the index.
Chart: PGMs Relative To The Top 40 Index
Sector of The Week: Platinum & Precious Metals
The relative trend is down, with the sector near a 3-year low versus the market. Considering the momentum readings, the 14-day RSI shows strong momentum to the downside but also a excessively oversold conditions with the prior peaks and troughs coinciding with turns in the relative performance of the sector vs the index.
Chart: PGMs Relative To The Top 40 Index