Precious metals have delivered a decisive sell signal across both daily and weekly timeframes, marked by a sharp and historic decline in the previous week. What makes this move particularly striking is that it comes in direct contradiction to their traditional “safe haven” role - at a time of escalating geopolitical tensions driven by the ongoing conflict in the Middle East. What the Charts Are Telling Us Silver - The daily chart confirms a second breakdown from a consolidat

Here’s a quick round-up of what happened in the commodity and currency markets last week to help you stay on the right side of the trade. WTI Crude - Crude has made an explosive move, jumping more than 35% in just the last week. Monthly chart below. Monthly chart of WTI Crude showing a breakout from a double bottom For most of the past four years, crude has been largely range-bound with a slight downward bias, ever since it peaked around $130 on March 7, 2022 after the Russ

The commodity/ currency market has generated some decisive price action last Friday. A quick chart check below to keep you on the right side of the trade. ✅ Gold, Silver, Platinum : All 3 precious metals seem to be moving in tandem showing similar positive price action last Friday. All 3 had an emphatic breakout above a small narrow range within a larger 1-2-3 bottom pattern. Strong probability of a bullish breakout from the pattern shortly. Daily chart of Silver Futures show

Commodities on the boil - what do the charts say?

Hello everyone! There’s a lot to talk about with the extraordinary rally in precious metals, especially Silver and Platinum . Silver  continued its fantastic run last week, marking the fourth straight week of gains  after breaking out of a 7-week consolidation . Over the past four weeks, prices have moved almost straight up, rising by about 33.5% . And the momentum doesn’t look over yet. Silver gave a fresh buy signal last Friday , closing at the high of the week , which keep

Silver hit a new all-time high last week after breaking out of a cup-and-handle pattern. Friday’s strong green candle closed near the day’s high, showing solid momentum. Based on this breakout, the charts point to another 8% upside. Daily chart below. Gold, though not so strong as silver, is setting up well to break out of a 1-2-3 bottom pattern, possibly as early as next week. Daily chart below. Notice that Silver has considerably outperformed gold in the past few weeks. Wil

Silver has broken out again last Friday, July 11, above short term resistance at $37 to a new multi year high above $38. When taken in...

Silver and Copper have rallied hard in the past 3 months. 👉Silver Futures on Comex up by ~22% 👉Copper Futures on Comex up by ~34%...

Crude oil closed higher forming a Bullish Engulfing candle on the weekly chart last week after giving a sell signal in the prior week....

Crude oil closed at USD 66.90 on Friday, November 15 2024, its lowest close since September 10, 2024 when it closed at USD 66.24. In this...

Natural Gas formed a strong Bullish Engulfing candle for the week ended the 25th of October, 2024, forming what appears to be a smaller...

Silver has well and truly broken out of a 21 week consolidation pattern that included a 1-2-3 bottom. Please read all about the build up...

Crude oil formed a Bullish Harami candle last Friday, the 27th of September, 2024 at a very strong support level of USD 67 that has...

Natural Gas has continued to move up after a breakout from a smaller 1-2-3 bottom in the week ended 6th September, 2024. Refer chart...

Crude oil formed a Bullish Engulfing candle  near strong double bottom support on August 29th. However, the bullish pattern quickly...

In his keynote speech on Friday, August 23, 2024, at the Federal Reserve's annual economic symposium in Jackson Hole, Wyoming, Federal...

Looking at the weekly charts of base and precious metals, the candle for the last week suggests a rally in the coming weeks. The metals...

Crude formed a 3 day 1-2-3 bottom, marking the end of a 5 week downtrend, and subsequently breaking out on the 7th of August. The 2H...

Crude forms a sideways congestion zone of about 200 points for 6 trading days from the 22nd of Jul till the 29th of Jul, 2024. The price...

Crude went into a sideways range on 24th Jul after the big breakdown from a H&S pattern on 19th Jul (refer our earlier post here). On...