Futures Traders: Get FREE daily videos covering today's hottest market
Twenty-five-year commodity market veteran Jim Prince is an expert in the principles of technical trading. Each day Jim reviews the biggest moves in the commodity markets, identifying formations and planking trading strategies. And now, in his free Daily Alert, Jim will share with you his hot pick of the day with an exclusive 3-5 minute video.
With each Daily Alert video Jim reviews first-hand his featured chart of the day, discusses trading strategy, and highlights possible entry and exit points.
Enter your e-mail below to view the latest Daily Alert and receive a complimentary PDF on Cycle Trading techniques to find the right conditions for entering the market.
Metals prices this morning are weaker: GCG5 -5.4 (-0.42%), SIH5 -0.105 (-0.57%), HGH5 -0.042 (-1.61%). Metals prices on Thursday settled mixed with Feb gold at a 5-1/4 month high: Closes: GCG5 +7.0 (+0.54%), SIH5 +0.147 (+0.81%), HGH5 -0.0340 (-1.30%). Precious metals rallied after the ECB expanded stimulus more than expected, which boosted demand for precious metals as a hedge against inflation. Copper prices fell as the dollar index surged to an 11-year high and after LME copper inventories jumped +5.925 MT to an 8-1/4 month high of 225,375 MT.