Gold, yen and bonds continued to advance simultaneous to a deep plunge in stocks. Oil, copper held on to modest recovery at subdued levels
Gold rode the risk-averse wave to highest level since June
Oil held on to modest recovery before weekly data from API... (full story)
Bob Hunt - The Pattern Trapper - Mon Feb 08, 6:21PM CST
The Trend Trader helps to identify the current trend status of your favorite futures markets. It not only helps us to stay on the right side of market direction, but also helps us avoid those without a trend. You can even use the grid as a spread matrix too - buying strength and selling weakness.... (full story)
By locking in a price now for a commodity to be delivered at some point in the future, futures markets permit buyers to secure insurance against future adverse price changes. In other words, futures markets supply a means for the mitigation of price risks. Futures charts track futures prices over time, and supply historical data that buyers and sellers can use to project where futures prices will be in the coming days or months. Frequently updated futures charts are a very useful tool for identifying pricing trends within a certain commodity.