USD/INR, EUR/USD, GBP/USD, USD/JPY, USD/CNY, DXY
YES BANK, RELIANCE COMM LTD, BALLARPUR INDUSTRIES LTD., VODAFONE IDEA LTD, SUZLON ENERGY LTD, JAIPRAKASH ASSOCIA
Nifty, BSE SENSEX, S&P 500, Nasdaq Composite, FTSE 100, DAX Index
Gold, Silver, Crude Oil, Brent Oil, Natural Gas, Bitcoin
BTC/USD, ETH/USD, BCH/USD, XRP/USD, LTC/USD, ETC/USD
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
The log-normal monthly chart of BSE Metal.
Go short below 11700, tgts 10600, stop just above 12035.
Metal stocks have shown long term weakness with respect to BSE500, with support at 6000 levels. Another interesting point to note is that the index has short upward cycles but downward trends tend to drag out for 2 to 3 times the timelines of the upward trends, notable exception being the trend between 2005 and 2008.
Both the MACD and the relative strength ...