Uranium W5-wave up impulse is done. Now WXY correction. Green box is a good buy zone. This set up is invalid if price drops below $6. Overall I’m bullish on #uranium.
Basemetal
Freeport Bouncing at the 50-day SMAFreeport McMoRan has steadily rallied since the March low. Now the copper miner may be ready to break out of its longest consolidation since the surge began.
One big feature on the chart is the high basing pattern above $30. It’s recently made higher lows and tried to climb up the right side of that basin.
Price has also held the rising 50-day simple moving average (SMA). It previously bounced along that line in September, January and March.
Next, FCX has broken a downward-sloping trendline along the February and March highs. Last week it bounced at that line, which could mean that old resistance has become new support.
Copper has been one of the biggest gainers since the pandemic as years of stagnant production growth collides with a global electric build out. The red metal has been a major green-energy asset. FCX is one of the most straightforward equities to play the trend.
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Zinc Mcx Short at 154.5 with SL 157.3We are doing Analysis of ZINC MCX on 1 Hour Timeframe.
The projected target from the breakout is usually the vertical distance from the high to the bottom .
Note: This is only for Educational Purpose this is not an Investment advice.
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Thankyou
Ankur Verma
Twitter : Ankurverma3838
$NEXA headed to $15.50Peruvian Zinc miner, $NEXA headed to $15.50. Positive for zinc miners like Tinka Resources $TK.v
MOD potential breakoutMOD a Kalahari Copper Belt explorer are actively defining a large copper resource. Current bull case based on the small portion of the tenements explored to date is for a USD2.3b copper resource (coincidentally there are 2.3b shares on issue therefore $1 of resource per share), as they continue to drill out the targets this resource is expected to grow.
AISC for the LOM are projected to be around $1.46/lb against a current copper price of over $3 with IRR at 38-39% based on a 9-12 year LOM. With a solid exploration program ongoing both the LOM and resource size are expected to grow substantially.
Initial technical target is 6.0cps representing a 25% upside move from current share price, secondary target is the old high at 9.0cps representing an 87% increase in SP
With the ongoing drilling across several fronts, T3 underground expected to be booked as resource around July/August and the T3 pit DFS delivered in the second half of the calendar year significant catalysts are in place.
