Can we use Technical indicators for analysis Commodities? If yes, any websites to analyse commodities with technical indicators?
In fact commodity and currencies is a far complex asset class when compared to Equities. There are many factors that influences the movement of a commodity or a currency pair. These factors could be both domestic or international.
When the complexity increases developing a fundamental view will be a challenge. Given this, more and more traders tend to rely on technicals…and technical analysis works best when there is a large set of followers for it.
Hence when it comes to Commodities or Currency, I guess TA a good alternative.