Following yesterday's rout in Gold/Silver it is interesting to note that Copper has rebounded moderately as well and never printed a lower swing low, giving us a reverse divergence.
Following the news regarding Saudi Arabia and the pipeline attack we got the Crude oil ramp up, but then afterwards it printed this long rejection candle. Will be interesting to watch how this resolves itself, as it stands now it just appears to be a throw-back to that steep trend line.
2 comments:
Analysis good, congratulations.
Pedro Fernandes
Thank you Pedro. Much appreciated.
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