The local market is still trading in a sideways range and making slightly higher lows which could be seen as bullish.
The US based S@P 500 index is in a tight sideways range before the next lot of economic statistics coming out later today.
The US earnings reporting season starts later this week which could also put pressure on prices, time will tell.
Uranium stock Paladin is in a nice uptrend after bouncing off the support zone.
Copper miner Sandfire is close to record highs. Will it break higher or perhaps consolidate the recent move up?
The copper ETF WIRE is trending nicely for now.
Gold miner Red5 looks to have moved out of a large sideways range.
Karoon Energy has been bouncing off the up-trending trendline.
Whitehaven Coal has gained close to ten per cent this week after bouncing off a long-term trendline.
Interesting to see CSL trading in a small range inside the bigger sideways pattern. Macquarie has a new target of $500 on the stock over the medium to longer term.
One analysts view of the Silver market.
Disclaimer: The commentary on different charts is for general information purposes only and is not an invitation to trade. Trading is risky and individuals should seek Professional counsel before making any financial decisions. Many thanks to Incredible Charts.com software for most of the charts used in the column.
Monitor, measure, manage and maximise… Cheers Charlie.
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