by Chris Kimble | Mar 22, 2022 | Kimble Charting
Over the past several months, we’ve shared a lot of commodities charts and highlighted the economic theme of inflation. Well, inflation is here. Now it’s a matter of figuring out if it will get worse. One commodity that is an inflationary indicator is Steel. We...
by Chris Kimble | Mar 4, 2022 | Kimble Charting
Geopolitical tensions surrounding the Russia/Ukraine war have sent steel prices higher. And if the rally continues, it may mean considerably higher steel prices and added inflationary pressure. Today’s chart from Marketsmith takes a “weekly” look at the Steel ETF...
by Chris Kimble | Dec 6, 2021 | Kimble Charting
Elevated steel prices have consumers (and investors) concerned about inflation. And whether inflation strengthens or lightens up may depend on the next move in steel prices. After a huge rally out of the coronavirus crash low, steel prices peaked this summer but have...
by Chris Kimble | Aug 20, 2019 | Kimble Charting
Is the Steel Industry suggesting that a recession is nearing? In my humble opinion, the jury is still out on this one. This chart from Marketsmith.com takes a look at the patterns of Steel ETF (SLX). SLX has spent the majority of the past 3-years inside of trading...
by Chris Kimble | Feb 26, 2018 | Kimble Charting
CLICK ON CHART TO ENLARGE The chart above looks at Steel ETF (SLX) over the past 8-years. SLX has done very well the past couple of years inside of rising channel (1). The rally now has it testing 2012, 2013 & 2014 highs, that so far has been strong as steel! If...
by Chris Kimble | Jan 31, 2018 | Kimble Charting
The 6-pack below updates chart patterns from the Gold and Steel sector that we share often on this blog. It is shared weekly with our Metals and Premium Members. The 6-pack below looks at Gold, Gold Miners (GDX & GDXJ), GDXJ/GDX ratio, Gold/US$ ratio and Steel ETF...
by Chris Kimble | Nov 2, 2017 | Kimble Charting
The 6-pack below looks at several charts in the metals sector (Gold, Gold Miners, and Steel). Each looks to be facing something similar at the same time. CLICK ON CHART TO ENLARGE Each asset or ratio above has something similar in play in the short and long-term. In...
by Chris Kimble | Oct 18, 2017 | Kimble Charting
In the past few week’s we’ve highlighted some assets and indicators that point to a stable/improving economy: Copper prices, firmer interest rates, etc. Time to add one more to the list: rising steel prices. Today we’ll look at a chart of the VanEck Vectors Steel...
