PGMs Relative To Top 40This insight was published on our client platform yesterday evening. For more of these research insights (including trade ideas), get in touch today.
Sector of The Week: Platinum & Precious Metals
The relative trend is down, with the sector near a 3-year low versus the market. Considering the momentum readings, the 14-day RSI shows strong momentum to the downside but also a excessively oversold conditions with the prior peaks and troughs coinciding with turns in the relative performance of the sector vs the index.
Chart: PGMs Relative To The Top 40 Index
