Platinum: Hitting Resistance?

Platinum has been on huge rally for the past two weeks and currently hitting the previous support turned resistance, after forming a Hanging Man. If Platinum is rejected at this resistance, a Double Tops will be in formation. Can you spot the trading opportunity? Happy Trading!

Platinum ETF: PPLT, PTM, PGM, PLTM. Learn more about Platinum ETF here.

Original post from My Stocks Investing Journey.Platinum July12-2016

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