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: GCM5 -2.4 (-0.20%), SIN5 +0.037 (+0.23%), HGN5 +0.014 (+0.47%) at a 1-1/4 month high. Thursday's closes: GCM5 -27.6 (-2.28%), SIN5 -0.572 (-3.42%), HGN5 +0.0875 (+3.13%). Gold and silver on Thursday closed sharply lower on increased concern about a Fed rate hike after U.S. weekly jobless claims fell to a 15-yr low. Meanwhile, July copper posted a 5-week high on tighter copper supplies as weekly Shanghai copper inventories fell for a fourth week by -20,120 MT to a 2-1/2 month low of 188,165 MT.