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...
A Descending triangle is about break in Aluminium SEP FUT. A good 10 Point profit can be booked if breaks downside. I'm bearish about the aluminium but Entry point must be decided only after breakout
