XAO 0.77% 8,633.1 all ordinaries

Short Term Trading Weekend Lounge: 15-17 Feb, page-43

  1. 19,194 Posts.
    lightbulb Created with Sketch. 598
    Zinc has my interest again, but as above, I have taken a small pilot in IBG at 2.8c so it keeps me interested in commodity.
    I am now monitoring the US.1.18/ 1.20lb mark for which way it goes.

    IBG looks to have double bottomed on 2.4c...good, but need Zinc price to start to turn off 1.20....
     

    https://hotcopper.com.au/data/attachments/1440/1440985-36ec8a6a5dbc5b477a74bc497c29fba9.jpg
    To me, Zinc looks to have BASED last half  2018, even though warehouse levels (20 yr chart) of both Zinc and Lead are dropping like a stone. = Inflection points.

    https://hotcopper.com.au/data/attachments/1440/1440992-57f8a7c3cfbfec4edce012ac27223c78.jpg
    LEAD usually associated with Zinc, but I watch Zinc first as much more widely used with Lead as a bonus product/$

    https://hotcopper.com.au/data/attachments/1440/1440986-c81fbfc7e97761a896da236dc4f2e018.jpg
    Next I'd refresh my Zinc watch list and EVs etc

    Last edited by Sector: 16/02/19
 
watchlist Created with Sketch. Add XAO (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.