Prices not making any bearish continuation thus acting neutral for me, but the RSI trending channel break (50% cross) and the long awaited weekly divergence hanging makes this one a definite buy for me, this can be the start of another 4 - 5 years rally around those levels. At this price range, after a -70% correction since 2011 highs metals are a bargain IMO.
Confirmation would be over 20.62 (MA50) and present good odds to make full retracement to previous high, this could hang there for a while between here and 19$. Miners and specific miners already showing sign of strength and warning for this bounce during the week of Christmas, could mean nothing as long as stays below green box.
Confirmation would be over 20.62 (MA50) and present good odds to make full retracement to previous high, this could hang there for a while between here and 19$. Miners and specific miners already showing sign of strength and warning for this bounce during the week of Christmas, could mean nothing as long as stays below green box.