Charts

  • July 2, 2009 – 4:48 pm

INDICES and FX               SOFT COMMODITIES               FX CNBC

 

COPPER                               UPTREND                                     
support $2.20 and $2.11 …look for break under $2.00 to confirm downside move

60 day Copper chart60 day Copper chart6 month Copper chart6mth Copper Stocks Chart

NICKEL                              UPTREND
support $6.80…look for break of $6.80 to confirm downside move

60 day Copper chart60 day Copper chart6mth Nickel Chart6mth Nickel Stocks Chart

ZINC                              UPTREND
support $0.68 and $0.66

60 day Copper chart60 day Copper chart6mth Nickel Chart6mth Zinc Stocks Chart

LEAD                              UPTREND
support $0.77…broke to the downside on 15 June but quickly resumed uptrend… a few days later as other metals held their support points

60 day Lead chart60 day Lead chart6mth Lead Chart6mth Lead Stocks Chart

*Note: the last chart in the batches shows the Inventory of the particular metals… note how there doesnt seem to be any correlation between the short term inventory (60 days data) and the movement in the price of the metals… stocks of Copper and Nickel dropped and their prices rose as expected, when there is less of the metals around. However, it was not the case for Lead and Zinc. Even though their inventory levels soared, their metal prices also rose !

more charts and commodities news can be accessed from www.kitcometals.com

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