Oil shows relative strength as OPEC+ hold targets steady

The oil daily chart has moved from its weak area, between the lower blue and red bands, into its neutral zone, between the blue bands (vertical green rectangle). This activity is a relative movement towards strength. This relative strength is reflected in the hourly...

Copper Constructive after its Best Month in Over a Year

Copper Analysis The US central bank runs its most aggressive tightening cycle in decades, with a series of historically large 75 basis points rate hikes. On Wednesday Chair Powell signaled a slower pace that could come “as soon as the December meeting” ,...