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the chart is based on London Metals Exchange. But even they seem to have a variety of reference prices. As long as yr chartist uses the same data source all the time, then you have a trend that means something !

"The LME publishes a set of daily reference prices that are used the world over by industrial and financial participants for referencing, hedging, physical settlement, contract negotiations, margining and portfolio evaluations.

"Based on some of the most liquid trading sessions of the day, LME prices are good indicators of where the market is at any point in time.

"The LME Official and Settlement prices, are based on trading activity on the Ring. The Unofficial and Closing Prices are based on trading activity on LMEselect. The LME Asian Reference Price is calculated using the volume-weighted average of trades transacted on LMEselect during the most liquid period of Asian trading hours....

[URL unfurl="true"]https://www.lme.com/en/Market-data/LME-reference-prices[/URL]

<blockquote data-quote="Dona Ferentes" data-source="post: 1153238" data-attributes="member: 66457">the chart is based on London Metals Exchange. But even they seem to have a variety of reference prices. As long as yr chartist uses the same data source all the time, then you have a trend that means something !&quot;The LME publishes a set of daily reference prices that are used the world over by industrial and financial participants for referencing, hedging, physical settlement, contract negotiations, margining and portfolio evaluations.&quot;Based on some of the most liquid trading sessions of the day, LME prices are good indicators of where the market is at any point in time.&quot;The LME Official and Settlement prices, are based on trading activity on the Ring. The Unofficial and Closing Prices are based on trading activity on LMEselect. The LME Asian Reference Price is calculated using the volume-weighted average of trades transacted on LMEselect during the most liquid period of Asian trading hours....[URL unfurl=&quot;true&quot;]https://www.lme.com/en/Market-data/LME-reference-prices[/URL]</blockquote>

[QUOTE="Dona Ferentes, post: 1153238, member: 66457"] the chart is based on London Metals Exchange. But even they seem to have a variety of reference prices. As long as yr chartist uses the same data source all the time, then you have a trend that means something ! [COLOR=rgb(147, 101, 184)][I]"The LME publishes a set of daily reference prices that are used the world over by industrial and financial participants for referencing, hedging, physical settlement, contract negotiations, margining and portfolio evaluations. "Based on some of the most liquid trading sessions of the day[/I][/COLOR][B][COLOR=rgb(147, 101, 184)][I], LME prices are [B]good indicators of where the market is at any point in time.[/B][/I][/COLOR][/B] [COLOR=rgb(147, 101, 184)][I]"The LME Official and Settlement prices, are based on trading activity on the Ring. The Unofficial and Closing Prices are based on trading activity on LMEselect. The LME Asian Reference Price is calculated using the volume-weighted average of trades transacted on LMEselect during the most liquid period of Asian trading hours[/I][/COLOR].... [URL unfurl="true"]https://www.lme.com/en/Market-data/LME-reference-prices[/URL] [/QUOTE]

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