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T_Harth

Copper Set to Outperform Silver!

Long
COPPER1!/SILVER1!  
T_Harth  
COPPER1!/SILVER1!  
Technical Indicators Chart Patterns Trend Analysis Copper Silver Gold basemetals preciousmetals commodity ratiotrading relativestrength vcppattern
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indicator chartpattern trendanalysis copper silver gold basemetals preciousmetals commodity ratiotrading relativestrength vcppattern
Attached: COPPER/ SILVER Daily Chart as of 20th June 2023

The Ratio has given a Breakout from a Cup & Handle/ VCP Pattern today
Within the Commodity space it appears that Base Metals are doing better than Precious Metals

And so this Ratio can head higher to retest the 0.5 Fibo retracement level as the 1st Upside Target (marked on chart with arrow)

Technical Indicators also confirm the BO:
- RSI above 60
- MACD in Buy Mode and Above 0 line
- DMI in Buy Mode and ADX starting to Turn up
Siddharth Bhansali

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