News from Cliff Green
Tweets
Copper close to turning again
Preliminary indications suggest past couple of months corrective rally to now be close to completion. Take a look at my full report for full details
Nickel completes spiked reversal
The bull run in Nickel looks to be over with a spiked reversal completed. Expect rather volatile two way action in the near term but would not expect rallies to prove sustainable.
Nickel approaces target area
Nickel is now approaching our upside objective area set in the 22000 area where resistance should be encountered and prices at least pause for breath.
See full report for details
Nickel accelerates through resistance
The main bull cycle in Niclel resumes with next targets set around 22000
Fall in Ali prices appears to be corrective.
Still consider the underlying technical outlook to be much improved with recent sharp falls to have been healthy corrective action only.
Copper odd one out as base metal outlook improves
The Aluminium and Nickel have positive technical readings with basing patterns completed. However, copper remains rather bearish with immediate strength still considered to be corrective action to the heavy march falls.
Copper's break down does not spill over to other base metals
While copper has certainly broken decisively to the downside with immediate rally attempts likely to be restricted to potentially sharp but unsustainable corrective bounces only, others in the LME complex have not followed and remain with potentially positive pattrens.
See full report for full details
Still range bound but outlook continues to improve
While the base metals complex remains firmly trapped within the confines of broad and volatile trading ranges, underlying technical studies suggest this to be a potential bottoming process.
Hence the outlook for this year is looking rather more positive with weakness within these patterns looking to be good buying opportunities. See my full reports for startegies.
Short term corrections but underlying tone continues to improve
With the exception of tin the current weakness in the base metals appears to be corrective action only and a response to near term ‘overbought’ conditions. The outlook for the weeks ahead looks technically much improved.
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Is Zinc the foretaste of things to come in the LME complex
Zinc has now confirmed at least a sceondary base to be complete with the outlook for the others in the base metals complex also improving. Could see some of the others following early in the New Year.
Why not take a free trial of my service to monitor these breakout levels and their implications.