Copper (HG1) Down 0.89%
These commodity price increases since march must make a big positive difference to the bottom line!
Metals News
Last Updated May 22, 2020 at 17:6 GMT
The instruments in the metals asset class that made the biggest moves, on a percentage basis, over the past day were Palladium, Silver, and Platinum. The chart below illustrates. None of the moves in the past day were especially noteworthy in terms of their size relative to their volatility over the past 30 days.
Trend News
Over the past two weeks, the strongest trend has been on Silver. Alternatively, on a 90 day basis, the strongest trend appears on Gold. Interestingly, a countertrend appears on the 14 day relative to the 90 day timeframe appears for Platinum and Copper. Trading against the 14 day trend in favor of the 90 day trend may be an opportunity some traders would favor on these pairs.Moving Averages In The Metals World
Pairs that crossed notable moving average levels include Platinum; they crossed their 100 day moving averages, respectively. From the perspective of the alignment of moving averages — meaning where moving averages are ordered by their duration — we see that Gold has perhaps the strongest trend. See the chart below.
Palladium (XPDUSD) Underperforms All metals, Down 3.82%; Pin Bar Pattern Appearing on Chart
For another vantage point, consider that palladium’s price has gone up 18 of the previous 30 trading days.
Platinum (XPTUSD) 6 Day Up Streak Ended, Breaks Below 100 Day Average; in an Uptrend Over Past 14 Days
Relative to other instruments in the metals asset class, platinum ranked 3rd since the day prior in terms of percentage price change.
Silver (XAGUSD) Down 2.41%, in an Uptrend Over Past 14 Days; Pin Bar Pattern Appearing on Chart
The silver price is disgusting 30+% above premium for shops that do have it.
Gold (XAUUSD) Down 1.28%, in an Uptrend Over Past 14 Days; And A Link About Silver Ratio
Thus, changes in the gold to silver ratio primarily reflected changes in the price of silver….
Palladium (XPDUSD) Outperforms All metals, Up 2.29%; But Still in a Downtrend Over Past 30 Days
Palladium outperformed all 5 assets in the metals asset class since the previous day.
Copper (HG1) Fares the Worst Out of metals, Down 0.25%; And A Story About Scrap Prices
It should be noted, though, that a trend in the opposite direction, going up, exists on the 30 day timeframe.
Silver (XAGUSD) Up 0.93%, Pin Bar Pattern Appearing on Chart; And A Story About Streible
This is the time for precious metals investors to start stacking silver!
Platinum (XPTUSD) Moves Up For the 5th Day In A Row
Infact take the spot price of 819 usd per ounce convert it into inr.
Gold (XAUUSD) Up 0.78%, in an Uptrend Over Past 14 Days; And A Link About Fxstreet
In this article, we will examine how gld works to understand its role in the gold market and its impact on the gold price….