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 +1.4 (+0.12%) at a 1-1/2 week high, SIZ5 -0.139 (-0.87%), HGZ5 +0.012 (+0.51%) at a 2-week high. Tuesday's closes: GCZ5 +8.8 (+0.77%), SIZ5 +0.177 (+1.13%), HGZ5 -0.005 (-0.02%). Metals prices on Tuesday closed mixed with Dec gold at a 1-week high and Dec silver at a 3-1/4 month high. Metals prices received a boost from a weaker dollar and from the -5,375 MT decline in LME copper inventories to a 3-month low of 312,225 MT. Copper closed lower on the IMF's cut in its global GDP estimate and on the unexpected decline in German Aug factory orders.