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 planning 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 this morning are higher. Dec gold +4.1 (+0.32%), Dec silver +0.064 (+0.36%), Dec copper +0.015 (+0.70%) at a 2-week high. Wednesday's closes: Dec gold -7.0 (-0.55%), Dec silver -0.154 (-0.87%), Dec copper +0.0070 (+0.33%). Metals on Wednesday settled mixed. Metals were undercut by concern the Fed will raise interest rates this year after the U.S. Sep Markit services PMI expanded at the fastest pace in 11 months. Precious metals prices were undercut by the slide in crude oil to a 3-week low, which reduces demand for gold as an inflation hedge. Copper closed higher on signs of tighter supplies after LME copper inventories fell -2,575 MT to a 1-1/2 month low of 336,225 MT.