Weekly Forecast Nov. 18th: Silver / Platinum / Copper /Crude OilThe precious metals have been bearish over the last couple of weeks. Will the market shift to a
bullish one this week?
Crude Oil has been bearish-neutral. Institutional players are busy adding to their sell positions. What will the market do this week?
Check the comments section below for updates regarding this analysis throughout the week.
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Patinum
Platinum Looking to Join Gold / Silver RallyPlatinum looks like bulls have finally stepped in.
It has been consolidating within a $150 range for over a year.
The blue dashed line in a trend-line connected from the all time low in 2008.
The Gold /Silver ratio recently started to reverse. This could indicate that gold is being perceived as "expensive" compared to related metals. I have no reason to think why platinum would be excluded from this class.
There are a couple more resistance areas (marked on the chart), but we could see a decent run in once price breaks above these levels.
I have a couple ratio charts that I will post along with my interpretation of what they are telling us.
I will post the weekly chart in the comments just to show the potential upside if price returns to historical levels.