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 prices this morning are mixed: GCZ5 -0.7 (-0.07%), SIZ5 +0.072 (+0.51%), HGZ5 +0.013 (+0.61%). Friday's closes: GCZ5 -13.8 (-1.29%), SIZ5 -0.150 (-1.06%), HGZ5 +0.0045 (+0.22%). Metals prices on Friday settled mixed with Dec gold at a 5-3/4 year low and Dec copper at a 1-week high. Gold prices were undercut by the rally in the dollar index to an 8-1/2 month high and by the drop in long gold positions in ETFs to a 6-3/4 year low. Copper closed higher after LME copper inventories fell -1.450 MT to a 10-month low of 243,350 MT.