Sentiment Oscillator is at the turning point

Sentiment Oscillator is at the turning point

Have a look at the Sentiment Oscillator chart. It is right on the support line that extend back five years, to mid 2013. There is good reason to believe that we have seen the worst and we should see the sentiment turn upwards from here. If by chance this is a false signal and it goes lower, it doesn’t have much further to fall to reach the levels seen in 2012/13 when the resources market was a complete wreck. It is hard to see the fundamentals being that bad again, so soon.

Elsehere in the Weekly we mention gold, coal, graphene in automotive tyres and an unlisted copper/gold exploration opportunity