Written by: TraderJoe
This is a short term Merchanting Guide reviewing prices of metals on the the Runescape Grand Exchange. The predictions are based on basic rules of technical analysis that are used in the real world stock and commodities markets. The predictions are for fun only. I’ll call myself Trader Joe. I don’t play Runescape, and I don’t actually trade on the Grand Exchange. While I do know how to read chart patterns, I recommend you do your own testing instead of just following my advice.
Before I make any price predictions in the short term, I always look at the longest term charts possible so I get a perspective about where the market is compared to where it has been.
The Metals Runedex Information shows an average for the 17 different ores and bars.
I’ll start at the top of the list and work my way down till I run out of 500 words for this article.
Adamantite Bar and Adamantite Ore: These two markets have been in an uptrend for months. Both markets look like they have made a temporary top in the trend, and will be retracing back in the short term. Watch for support in bars at 3000gp and ores at 1600 gp before the trend may continue higher. Swing traders may place buy orders at 2800 for bars and 1500 for ores.
Bronze Bar: At first glance in the 30 day chart, this looks strong and going higher. When I look at the 300 day chart it’s clear that bronze bar have exploded out of a powerful triangle formation at the end of a long period of low prices. It is hard to say how much higher this market may go. With the lack of a clear trading pattern, I would stand aside in this market and wait for a retracement testing the 235 price range.
Coal: Another metal that started a long-term uptrend, coal looks strong and going higher as well. If you have some of this item, hold them. The time to buy in was Jan 15-18.
Copper Ore: This market is just about to resume it’s uptrend. These are classic patterns of consolidation that occur during big trends. The triangle formation that formed throughout the month of January is now giving a buy signal in the 30 day and in the 300 day chart.
Gold Ore and Gold Bar: Gold bar is certainly going up from here. As I compare ore chart to bar chart, I see that ores have already surged much higher over the past several months, and bars have created a massive triangle formation after a huge price crash.
Other metals not covered in this report include iron bar and ore, mithril bar and ore, runite bar and ore, silver bar and ore, and tin ore.