Metals

Precious and Industrial Metals Analysis 17.05.2020

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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.
A single arrow indicates a beginning long (↑) or short (↓) trend. An arrow in a circle indicates a large strength of the expected price movement.

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. The white line shows the price. The blue area is a volume indicator: a positive value usually predictes an upmoving price, a negative value predictes a downmoving price. The yellow line shows the VWMA (Volume Weighted Moving Average), it is predictive for a mid-term view: a value over 100 usually means a current long setting, a value under 100 indicates a current short setting. The gray line shows the 55 days EMA (Exponential Moving Average) for the price. ONLY ON FEW CHARTS: The green area is a modification of a FSK (Fast/Slow Kurtosis) indicator. It uses RSI in the calculation. A positive value usually predictes an upmoving price, a negative value predictes a downmoving price. The red line shows the moving average (MA) of the CCI (Commodity Channel Index) of the FSK indicator. The blue line calculates the EMA (Exponential Moving Average) and the SMA (Simple Moving Average) of the price to indicate a long or a short wave trend.

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 the next week our indicators show a SHORT setting, so the PALLADIUM price will probably move lower next 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.


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 the next week our indicators show a REVlong setting, so the NICKEL price will probably move higher next 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.


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 the next week our indicators show a LONG setting, so the GOLD price will probably move higher next 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.


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 the next week our indicators show a REVlong setting, so the PLATINUM price will probably move higher next 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.


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 the next week our indicators show a REVlong setting, so the COPPER price will probably move higher next 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.

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 LONG.

For the next week our indicators show a LONG setting, so the SILVER price will probably move higher next 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.

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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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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