The recent peak of nickel is likely wave (b) and price is falling to a new low under 17700 in wave (c).The concept is not looking impressive at the moment, but price does not look bullish either.

Lead probably completed wave E of a converging triangle as a triangle at 2070. The current rise has promise through 2250-2300 while price holds above 2151.

Tin may be completing a wave E top. Falling through 21300 would raise confidence that the trend is turning down.

Zinc probably remains within wave iii and may push to the 2400-2450 area before wave iv retraces part of the rally.

LME Copper may be forming a bottom after correcting down from 7212. The outlook is tentatively bullish against 6983. Pushing through 7212 would raise confidence that the overall advance has resumed.

Aluminum is rising steadily. The next target is 2100 while price holds above 1996.

See the ADX chart below for more perspective.








Aluminum is trending. The directional portion of the study turned bullish on 22 May.

The Average Directional Index Study
The ADX portion of the study - thick black line - highlights the strength or weakness of the trend. The trend is strong when ADX is above 25 and rising. Price is not trending when ADX is below 20. The area between 20 and 25 is a gray zone.

The DMI+ and DMI- portion of the study defines directional movement. The bulls are in control when DMI+ (blue line) is above DMI- (red line). The bears are in control when DMI- is above DMI+.

These charts color bars blue when DMI+ is above DMI- and red when DMI- is above DMI+. The crossovers may be used as trading signals, but they sometimes lag turns badly.

Platinum probably topped at 1523.80 and is falling now in wave d (circled) of a converging triangle correction. The anticipated path is down in three waves to the 1369. The area between 1489 and 1523 should offer strong resistance to any near-term rebound attempts.





The target is based upon a common Fibonacci relationship among alternate waves within triangles. In this case, wave d (circled) should achieve a Fibonacci 0.618 of the length of wave b (circled).

Triangles are five wave moves - a, b, c, d, e. The thrust after a triangle continues in the same direction it was going before the triangle started.

Palladium has probably completed a fifth wave; recent weakness has slipped through the midline of the trend channel. The correction of five waves up should test trend channel support (now at 850) and potentially retest the previous wave 4 bottom of 822.30. Resistance from the channel midline should mark the top of near-term rallies and price should stay comfortably under 890 while the correction unfolds.

Palladium completed a multi-year triangle on 4 February, so the overall rally may continue for months.

Comex Copper is falling from a corrective peak with a potential target of the 148 low.






Comex Copper is correcting up in wave c after completing wave a as three waves and wave b as three waves. The overall pattern will likely be a flat.

Aluminum is rebounding after completing a first wave down. Upside targets range from 2103 to 2237 before the larger decline resumes.






Aluminum continues to rise after completing five waves down. The next target is 2128 while price holds above 1902.

Nickel may have completed a major correction at 8950 and begun a new bullish advance. The rise to 29425 may be wave 1 and the fall to 13334 wave 2, making recent strength the start of wave 3 with good potential over the coming months to the 46462 area.





Nickel may be in a new bullish rise after completing three waves down.

Lead should be near thrusting up from a triangle consolidation to complete a zigzag rally from 850.




Lead is probably beginning to rise after completing wave E of converging triangle. This development implies strong, persistent gains over the coming weeks.

Tin may be completing a triangle wave (B). The next big move should be wave (C) down, with the ultimate target being a retest of the 9750 area.






Tin may be completing a wave E rally. Favor the downside through 21301 while price holds under 23849.

Zinc may be completing a triangle correction and entering the early stages of a thrust higher in the last wave of a zigzag correction.





Zinc probably completed wave E of a wave (B) triangle as a triangle. The current rise should push persistently higher over the coming weeks in wave (C).

Platinum completed five waves up in March 2008. The subsequent pattern - sharp fall, sharp rise, choppy fall - is not clear, but the overall move is probably corrective. The previous fourth-wave range is a common target after five-wave rallies, so platinum may eventually work its way down to the 707-492 area.





Platinum has developed a series of three-wave moves in a generally downward drifting correction.

The current move is probably a converging triangle that has been developing from June 2013.

Palladium may be at the start of a wave C thrust that rises to the 1100-1200 area over the coming months.





Palladium completed a converging triangle pattern between February 2011 and the February 2014 low of 695.50. Price is now rising sharply as it should in a wave C thrust.

Che estams korta krito

What? Jie perparduoda ar is tikro pas save iskasa?

Nieko jie nekasa, perka ruda is RU ir perdiba vietoje (gal tinkamesnis žodis 'sodrina'?).. Greičiausiai dar tarybinis palikimas.

https://www.glencore.com/what-we-do/metals-and-minerals/nickel/the-journey-of-nickel

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