06:45 Miners on the Move - Copper Major Breakout , Silver and PGMs Make 2024 Highs : Brent testing Resistance at $84 after EIA Inventories
While the dollar remains constrained and below the 103 level, copper and silver made major moves yesterday making new 2024 highs: as did platinum and palladium. This will lift the precious metal miners and the base metal miners like copper miner Antofagasta which rallied 6% yesterday
Oil looks set to breakout following yesterday's EIA inventory levels which came in lower
Copper breakouts out to 52W high - Click to enlarge
Brent into resistance and potential breakout above $84 - Click to enlarge
Silver breaking out - Click to enlarge
platinum new 2024 high - Click to enlarge
palladium new 2024 high - Click to enlarge
Miners on the Move : S32 , CAML , THS Trade On
S32 Breaking Out
Gaps above 21 EMA resistance with a vol squeeze long - reversal play : looking to take a position potentially from a retest of the 21EMA
Tharisa THS Trade on at
reversal on good volume into 21EMA resistance as a test - took initial position from 50.9p: prone to low liquidity and spreads >4%
Central Asia Metals CAML
Low Cost copper producer - another reversal candidate - into results next week
