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.
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).
Long term Copper has formed a Hammer on monthly candle at 2.00 support. Copper looks like have found a bottom.
Original post from https://mystocksinvesting.com
Copper ETF for long term investing are:
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.
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.
Live Cattle is facing a Support Turned Resistance at 140. Potential Reversal as 2 hammers and 1 shooting star are formed.
What is Live Cattle Commodity?