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 higher: GCZ5 +7.6 (+0.71%), SIZ5 +0.093 (+0.66%), HGZ5 +0.004 (+0.20%). Monday's closes: GCZ5 -9.5 (-0.88%), SIZ5 -0.064 (-0.45%), HGZ5 -0.03405 (-1.65%). Metals on Monday closed lower with Dec silver at a 6-1/4 year low and Dec copper at a 6-1/2 year low. Metals prices were undercut by the rally in the dollar index to a 7-1/4 month high after San Francisco Fed President Williams said there's a "strong case" for a Fed rate hike next month. Gold prices also saw pressure on news that long positions in ETF's fell to 1501.69 MT on Friday, a 6-1/2 year low.