FIS API Blog
Verdict – Short-term neutral. China Wuxi Cobalt picked up significantly in line with global metals during past two weeks. However Cobalt reached Elliot wave 4 and almost exhaust the theoretical height of a standard wave 4. Slow stochastic KD increase. CCI was approaching the high of 2021. Short-term be aware of a test high and …
Continue reading “China Wuxi Cobalt Index Weekly Technical Review 22/2/2021”
Verdict – Short-term Bearish. China Wuxi Cobalt corrected significantly during the early Asian morning session with increasing volume. The slow stochastic KD created dead cross on overbought area in Jan 15th. CCI created double top in Jan 15th. Daily MACD was narrowing and potentially create dead cross in next few trading hours. Daily candles created …
Continue reading “China Wuxi Cobalt Index Weekly Technical Review 18/1/21”