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...
by Chris Kimble | Feb 13, 2017 | Kimble Charting
Below looks at Steel ETF (SLX) over the past 10-years. As you can see below, SLX is testing the underside of several resistance levels. CLICK ON CHART TO ENLARGE Should SLX succeed in breaking above this resistance cluster at (1), it should attract buyers. Doc Copper...
by Chris Kimble | Aug 6, 2014 | Kimble Charting
CLICK ON CHART TO ENLARGE U.S. Steel (X) has had a rough few years to say the least (Down 80% from its 2007 highs) What has steel done for investors of late? Steel is up almost 30% in 30 days!!! Premium Members bought U.S. Steel a little over a month...
by Chris Kimble | Jul 30, 2014 | Kimble Charting
CLICK ON CHART TO ENLARGE Five weeks ago the Power of the Pattern reflected that bullish inverse head & shoulders patterns looked to be in place in the steel sector! (See post here) Premium Members picked up U.S. Steel due to the positive pattern,...
by Chris Kimble | Nov 6, 2012 | Kimble Charting
CLICK ON CHART TO ENLARGE U.S. Steel (X) hasn’t had much to brag about from a performance perspective over the past 4 years! Of late its been a different story! Recently Steel broke above a 2-year falling resistance line and came back to test the old line...
