by Cliff Green | May 20, 2015 | Base & Precious Metals Report, Base Metals, Base Metals, Copper, Eurozone, LME, Weekly LME Base Metals Report
While short term trends have again turned down in the LME complex, current weakness appears to be much needed corrective action to recent impressive gains and hence viewed as part of a broader basing pattern. Could still work a little lower but don’t get too...
by Cliff Green | Apr 28, 2015 | Base & Precious Metals Report, Base Metals, Base Metals, Copper, Gold, LME, Weekly LME Base Metals Report
There are definite signs of improvement in the LME base metal markets with early technical evidence of a potential bottoming process being experienced. While each metal is at different stage of this basing cycle, the action currently being experienced appears to be...
by Cliff Green | Mar 23, 2015 | Base & Precious Metals Report, Base Metals, Base Metals, Copper, LME
Friday’s break to the upside completed a secondary bottom capable of supporting a test of the 6200 and even 6350 areas. However, this still appears to be corrective action only with longer tyerm downtrends undisturbed. See my full report for complete...
by Cliff Green | Feb 18, 2015 | Base & Precious Metals Report, Base Metals, Base Metals, Copper, Eurozone, LME, Weekly LME Base Metals Report
While the LME base metals complex continues to track sideways within volatile re-consolidation patterns for the time being, this type of action is clearly preparation for the next trending situation with copper in particular looking likely to be the next to spring...
by Cliff Green | Jan 15, 2015 | Base & Precious Metals Report, Base Metals, Base Metals, Copper, Gold, LME
Immediate rally attempts appear to be poorly based corrective action only and a respose to the speed and extent of recent falls. Hence beleive this could be sharp but probably short lived. See full report for full details of where to sell into this rally...
by Cliff Green | Jan 13, 2015 | Base & Precious Metals Report, Base Metals, Base Metals, Copper, LME
With copper breaking historically important supports, next stop should be around 5800 with the full implication suggesting eventual targets closer to 5000. For the implication for other metals take a free trial of my full service.