February was a good month for many metal commodities. A number have closed the month with bullish candles and some of these have formed off major support levels hinting towards continued recovery. ‘One swallow does not a summer maketh’ so watch these trend-line thresholds in the coming months for any continued bounce or renewed pressure.
Aluminium: continues to bounce up off trend line support with the bullish February candle:
Copper: also bouncing up off trend line support and the key 2 level:
Gold: a large bullish candle:
Nickel: only a tiny bullish candle with a Doji but, still, it was green and holding above key support:
Platinum: a bullish engulfing candle off trend line support:
Silver: a small but bullish candle trying to hold out from a bullish breakout:
Zinc: a bullish candle that has scrambled back above key support from the 1,600 level:
