Lumber trying to break above '19 highs. pic.twitter.com/D2EVRe9amQ — J4 (@J4_fibo) February 7, 2020 Today’s Chart of the Day was shared on Twitter by @J4_fibo. It’s a chart of Lumber futures over the past couple of years. Lumber closed at a new 52-week high today. As you can see from the chart, price is in […]
Chart of the Day – Wednesday, December 11th, 2019
Now we have the "Gundlach Ratio" which is copper divided by gold. It actually makes sense. Here's the Gundlach Ratio (blue) along with the 10-year Treasury yield. pic.twitter.com/BrjRK6Y5z6 — Eddy Elfenbein (@EddyElfenbein) December 11, 2019 Today’s Chart of the Day was shared on Twitter by Eddy Elfenbein (@EddyElfenbein). It’s a chart of the Copper/Gold ratio […]
Chart of the Day – Monday, December 9th, 2019
copper with some sustained relative strength against gold picking up pic.twitter.com/1KGzGabZXk — Oliver Renick (@OJRenick) December 9, 2019 Today’s Chart of the Day was shared on Twitter by Oliver Renick of TD Ameritrade Network (@OJRenick). It’s a line chart of Copper futures over the past two years along with the Copper/Gold ratio in the bottom […]
Can Copper Rally Here?
Copper futures are at a pretty interesting spot right now. Several bearish patterns have formed on the weekly chart and sentiment is extremely negative. Yet, price hasn’t broken down and it continues to trade above support. Copper is an important industrial metal used in construction, machinery, electrical equipment and more. Because of its numerous industrial applications, […]
Chart of the Day – Thursday, August 22nd, 2019
Today’s Chart of the Day was shared on Twitter by Matt (@commander10). It’s a weekly candlestick chart of Copper futures. Matt points out three different bearish patterns that have developed on the chart. The first being a bearish head and shoulders pattern that has been forming since 2017. He adds that the right shoulder of […]
