Monthly Archive: May 2010

Weakness developing in commodities 0

Weakness developing in commodities

Checking the 15-min bar chart, copper and oil are not looking too spirited. Here’s oil: – And copper, same scale: – And of course platinum and palladium are looking busted. Daily charts here. Platinum:...

Rethinking the currency action 0

Rethinking the currency action

I just closed those long dollar plays from last night for some small profits, on account of action like this (EUR 5-min bar). TD Ameritrade I reserve the right to change my mind again!...

Dollar set for a fall? 0

Dollar set for a fall?

Checking the early futures action, I see some strength has been building in several currencies vs the dollar over the past few days, despite their longer-term weakness. The dollar enjoyed a small rally against...

Kiss of death for palladium? 0

Kiss of death for palladium?

The top chart is the daily bar, showing the violent trend break last week. The bottom is a 1-hour bar. TD Ameritrade From a quick search in the Mining Almanac, here are a few...