iShares Silver ETF (SLV): In Retracement Mode

iShares Silver ETF (SLV) has been on very bullish mode for these two months after breaking out from the Inverted Head and Shoulders (trend reversal pattern) and retested the neckline (illustration in green). SLV is expected to retrace into consolidation mode after reaching the 161.8% Fibonacci Expansion Level. Currently SLV is just sitting above 20D SMA support. Next critical support is at $17.00 (in blue).SLV July23-2016

SLV is currently on bullish uptrend. By looking at the current trend and long term chart, can you spot any investment opportunity? Happy Hunting!

Original post from http://mystocksinvesting.com

SLV July23-2016 (long term)

Gold on Bullish Up Trend!

Gold ETF (GLD) has broken out from a Bullish Pennant and confirmed the uptrend. 20D & 50D SMA are sloping up, and 50D crosses up 200D SMA. With this breakout, GLD has gained more than 20% from the bottom since Dec 2015. Also take note that the recent parabolic gain in GLD is supported by increasing trading volume. Be cautious on the Parabolic curve chart pattern. You will love it and also hate it if you don’t know when to get out.  See other examples of stock charts which show Parabolic Curve here.

GLD Mar4-2016

See previous post on Gold ETF (GLD) here.

Copper: Inverted Head & Shoulder

Copper is forming an Inverted Head and Shoulder, a trend reversal pattern, with neckline at about 2.13. Keep a close watch on the breakout with price target of 2.46 (the next Support turned Resistance).

Copper Mar1-2016

Long term Copper has formed a Hammer on monthly candle at 2.00 support. Copper looks like have found a bottom.

Copper LT Mar1-2016

Original post from http://mystocksinvesting.com

Copper ETF for long term investing are:

  • JJC
  • CPER
  • CUPM

Note: Check the Bid Ask Spread before deciding which ETF to invest. The spread may be very wide for certain ETF due to low liquidity.

JJC Mar1-2016CPER Mar1-2016 CUPM Mar1-2016

Note: Copper price is a leading indicator of manufacturing activity as this metal is widely used in electronics devices due to its conductivity of electricity. See Cooper applications here.

Copper Pic