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.
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Metals prices this morning are mixed: GCG5 +2.1 (+0.18%), SIH5 -0.014 (-0.09%), HGH5 +0.033 +1.14%). Metals prices on Thursday settled mixed. Closes: GCG5 +0.3 (+0.03%), SIH5 +0.006 (+0.04%), HGH5 -0.0170 (-0.59%). Bearish factors included (1) the rally in the dollar index to a 1-week high, and (2) concern that Chinese copper demand will wane after China Nov new-home prices fell in 67 of the 70 cities tracked by the government. A bullish factor was signs of increased physical demand for gold after Swiss Nov gold exports rose to 232.3 MT, the most this year.