Metals

Precious and Industrial Metals Analysis 03.05.2020

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This is an update for our precious and industrial metals analysis to give you an forecast of ​​current developments in the metal commodities market. We look at Gold, Silver, Platinum and Palladium as precious metals and Copper and Nickel as industrial metals.

today`s charts of GOLD FUTURES, PALLADIUM FUTURES, SILVER FUTURES, COPPER FUTURES, PLATINUM FUTURES and WISDOMTREE NICKEL.
The white line shows the price. The blue area is a volume indicator: a positive value usually means a current long setting, a negative value indicates a current short setting. The blue line shows the VWMA (Volume Weighted Moving Average), it is predictive for a mid-term view: a value over 100 usually means a long trend, a value under 100 indicates a short trend. The orange line shows the RSI (Relative Strength Index) of the trading volume: a rising RSI usually means a main long trend, a falling RSI indicates a main short trend. The gray line shows the 55 days EMA (Exponential Moving Average) for the price.

The graph shows today`s charts of WISDOMTREE NICKEL – LSE:NICK, PALLADIUM FUTURES – NYMEX:PA1, SILVER FUTURES – COMEX:SI1, COPPER FUTURES – COMEX:HG1, PLATINUM FUTURES – NYMEX:PL1 and GOLD FUTURES – COMEX:GC1.

PALLADIUM FUTURES analysis and forecast

Every week we look at the industrial metals markets and give you our assessment. Let’s look at the current PALLADIUM chart. The graph above shows the weekly chart of PALLADIUM FUTURES, traded with the product symbol “PA1” at New York Mercantile Exchange NYMEX.

The main price trend is SHORT.

For this week our indicators show a SHORT setting, so the PALLADIUM price will probably move lower this week than closing price last week.

You can get trading signals for a long or a short entry by signing our trading alert service.

Please check analysta market forecast table for latest PALLADIUM price updates.


GOLD FUTURES analysis and forecast

Every week we look at the precious metals markets and give you our assessment. Let’s look at the current GOLD chart. The graph above shows the weekly chart of GOLD FUTURES, traded with the product symbol “GC1” at New York Commodities Exchange COMEX.

The main price trend is LONG.

For this week our indicators show a REVshort setting, so the GOLD price will probably move lower this week than closing price last week.

You can get trading signals for a long or a short entry by signing our trading alert service.

Please check analysta market forecast table for latest GOLD price updates.


SILVER FUTURES analysis and forecast

Every week we look at the precious metals markets and give you our assessment. Let’s look at the current SILVER chart. The graph above shows the weekly chart of SILVER FUTURES, traded with the product symbol “SI1” at New York Commodities Exchange COMEX.

The main price trend is SHORT.

For this week our indicators show a SHORT setting, so the SILVER price will probably move lower this week than closing price last week.

You can get trading signals for a long or a short entry by signing our trading alert service.

Please check analysta market forecast table for latest SILVER price updates.


COPPER FUTURES analysis and forecast

Every week we look at the industrial metals markets and give you our assessment. Let’s look at the current COPPER chart. The graph above shows the weekly chart of COPPER FUTURES, traded with the product symbol “HG1” at New York Commodities Exchange COMEX.

The main price trend is SHORT.

For this week our indicators show a REVlong setting, so the COPPER price will probably move higher this week than closing price last week.

You can get trading signals for a long or a short entry by signing our trading alert service.

Please check analysta market forecast table for latest COPPER price updates.


PLATINUM FUTURES analysis and forecast

Every week we look at the industrial metals markets and give you our assessment. Let’s look at the current PLATINUM chart. The graph above shows the weekly chart of PLATINUM FUTURES, traded with the product symbol “PL1” at New York Mercantile Exchange NYMEX.

The main price trend is SHORT.

For this week our indicators show a REVlong setting, so the PLATINUM price will probably move higher this week than closing price last week.

You can get trading signals for a long or a short entry by signing our trading alert service.

Please check analysta market forecast table for latest PLATINUM price updates.


WISDOMTREE NICKEL analysis and forecast

Every week we look at the industrial metals markets and give you our assessment. Let’s look at the current NICKEL chart. The graph above shows the weekly chart of WISDOMTREE NICKEL, traded with the product symbol “NICK” at London Stock Exchange LSE.

The main price trend is SHORT.

For this week our indicators show a REVlong setting, so the NICKEL price will probably move higher this week than closing price last week.

You can get trading signals for a long or a short entry by signing our trading alert service.

Please check analysta market forecast table for latest NICKEL price updates.


No advice on investment is given here


Disclaimer: All opinions, charts, messages, news, research, analysis, pricing, or other information available on this site are for general education and training purposes only. analysta is not responsible for any loss or damage, including without limitation, any loss of profit that may arise, directly or indirectly, from the reliance on such information. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible. Please note: Trading and investing is associated with a significant risk and may lead to a total loss of the capital invested or even an obligation to make additional payments.

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Intercontinental Exchange ICE is a trademark of it’s specific owner.
Hong Kong Stock Exchange HKEX is a trademark of it’s specific owner.
FXCM is a trademark of it’s specific owner.
Chicago Board Options Exchange CBOE is a trademark of it’s specific owner.
Chicago Mercantile Exchange CME is a trademark of it’s specific owner.
Standard and Poor’s S&P is a trademark of it’s specific owner.
London Stock Exchange LSE is a trademark of it’s specific owner.
New York Commodities Exchange COMEX is a trademark of it’s specific owner.
STOXX Limited is a trademark of it’s specific owner.
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niclas
I have more than fifteen years of trading experience. After a rather passive phase due to training, study and work, I now return with a trade stewardship at the cutting edge of technical analysis.
https://www.analysta.net/

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