
Jul 16, 2015 00:41 am UTC| Commentary
Copper pierced 15Y trend (5550 levels) but failed to sustain below. A bottom may well have been made at 5250, 2007 low and a projected target for the 5th wave (Elliott) of cycle that started in early May. Decisive...

Fed chair Yellen firm on the consumer and an impending first move
Jul 16, 2015 00:41 am UTC| Commentary
Chair Yellens semi-annual report to Congress provides an opportunity to glean further understanding of the outlook for policy; in particular, it provides an in-depth assessment of the FOMC Chairs core beliefs and what she...

Platinum: consolidation before next move
Jul 16, 2015 00:37 am UTC| Commentary
Platinum is on the verge of breaking below down sloping channel in force since 2011 (1070/89). The 14-month RSI is not breaking yet a horizontal support line. Last weekly close below 1070 suggests possibility of further...

Gold: holding above multi-month lows of 1146
Jul 15, 2015 23:51 pm UTC| Commentary
Undergoing a sideways correction, Gold is approaching towards previous lows of 1146/1130. Monthly RSI is testing a multi month channel limit suggesting proximity of significant support. Only a break below 1146/1130 will...

Silver: retracing from important resistance at 15.75
Jul 15, 2015 23:38 pm UTC| Commentary
Silver approached near last December lows of 14.50 which also represents the down sloping channel since early January and the steeper one in force since May. Currently, Silver is probing the steep channel upper limit...
Early signs of recovery are now visible in base metals
Jul 15, 2015 23:35 pm UTC| Commentary
Early signs of recovery are now visible in base metals namely on Zinc and Aluminium as both probed their long-term support levels (respectively at 1950/37 and 1650/1600) and have confirmed a short-term inverted Head and...

Cross-Border M&A activity highlights increasing popularity in large cap growth
Jul 15, 2015 23:05 pm UTC| Commentary
As U.S. record level MA heats up this summer, this activity has drawn the attention of international investors, especially China. Just recently, a Chinese state-owned technology firm offered an enormous $23 billion bid for...