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: GCM6 -10.0 (-0.80%) at a 3-week low, SIN6 -0.128 (-0.78%) at a 1-month low, HGN6 +0.014 (+0.68%). Monday's closes: GCM6 -1.4 (-0.11%), SIN6 -0.109 (-0.66%), HGN6 -0.0005 (-0.02%). Metals on Monday closed lower with Jun gold at a 3-week low and July silver at a 1-month low. Metals prices were undercut by strength in the dollar, reduced demand for gold as an inflation hedge after the 10-year T-note breakeven inflation rate fell to a 1-month low, and industrial metal demand concerns after the Eurozone May Markit manufacturing PMI unexpectedly fell.