Outlook into 2016 and beyond: Nickel, Copper, Aluminium, Zinc, Lead

No wonder that that past 4 years from the 2011 highs in most of base metals, have been among toughest years seen in a while. The only good news is that probably now, near term future might look brighter. Most of the metals have been going through a correction that has exhausted not only prices, but traders as well. It has been turbulent 4 years that probably are just about to be over.

I say just, as it seems we might still have one more shake into 2016. Below I present my views on the various metals in charts, I would be glad to explain in details with price targets for interested parties. The short red lines on the chart, indicate the probable direction over time and potential price zones without specific targets.

There are multiple possibilities on how to count these charts, I have chosen these specific counts after several amendments, I believe keeping the count simple should work best. Alternative counts would indicate that metals are already in early stages of a new bullish rise having bottomed in August. I would gladly adopt that view, however price action so far leaves room for doubt and hence I have settled for the counts presented below:

Nickel Weekly Count

NickelWeekly191015

 

Nickel Daily Count

NickelDaily191015

 

Copper Weekly Count

CopperWeekly

 

Copper Daily Count

Copperdaily

 

Aluminium Weekly Count

AluminiumWeekly191015

Aluminium Daily Count

AluminiumDaily191015

 

Zinc Weekly Count

ZIncWeekly191015

 

Zinc Daily Count

Zincdaily191015

 

Lead Weekly Count

LeadWeekly191015

 

Lead Daily Count

Leaddaily191015

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