pm-mining-market and pm mining market forecast:
In this document I want to explain how we do analysis for Precious Metals (pm) complex and its forecasting.
The primary technical analysis tool that we use are the technical patterns such as Head and shoulders, triangles, etc. Along with these we use regression and correlation techniques which are advanced in nature and its application.
For the most part we are able to forecast the trends based on the number of data points.
If we use 2 hour or 30min charts, of course we will end up with short term forecasts.
If we use the daily, we can achieve some medium term forecasts.
When we use weekly and monthly, we get longer term forecasts.
Short, medium and long are relative and we will define those for each chart.