The upper chart shows the actual and modelled prices and the forecast 5 day support, mid and resistance lines.
The lower chart show the actual minus modelled price difference (coloured or grey bars) and the 20 day standard deviation grey lines (-2,-1,1,2).
When the price difference is over or under two standard deviations there is an increasing probability that the actual price will retrace towards the modelled value.
The momentum is not shown in the case of the spreads as it is more useful in markets that show a persistent trend over a longer time period.
The spread charts for Copper, Aluminium, Nickel, Zinc, Lead and Tin are on page 3, 5, 7, 9, 11, 13 of the Daily Report.
