Does anyone know if there are technical charts for commodities such as base metals?I am particularly interested in RSI and Stochastics.
I remember reading an article just before the May correction that the RSI for base metals were sitting on 80 and had been there for a while suggesting an extreme overbought situation.
I have googled but cannot find any sites that show these charts.
If you go to www.futuresource.com you can get all the commodity futures contracts and appropriate charts. You can then add indicators etc. Whats more is that its free!
Here's another one. It's more of a beginners explanation of technical analysis and how to use indicators but there are charts too. Has agricultural commodities, oil, currencies etc.
Sometimes I do put base metal charts in my blog, you can look out for them.
Yes, RSI is a good indicator for base metal. I think the big players for base metals are not sophisticated chartists.
Didn't want to start a new thread, but I wanted to ask if anyone knows how to view charts for commodity prices in Pro Charts Egoli? I don't know the ticker to put into it. The typical GCN08.CMX doesn't work.