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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Precious metals prices this morning are stronger: GCZ4 +6.4 (+0.50%), SIU4 +0.095 (+0.49%), HGU4 +0.024 (+0.76%). Metals prices on Thursday closed lower with Dec gold at a 2-month low. The main bearish factor for gold was negative carry-over from Wednesday’s Jul 29-30 FOMC meeting minutes that raised the possibility the Fed may raise interest rates sooner than anticipated. Sep copper fell back from a 1-week high and closed lower on Chinese demand concerns after the China Aug HSBC flash manufacturing PMI fell more than expected. Closes: GCZ4 -19.8 (-1.53%), SIU4 -0.082 (-0.42%), HGU4 -0.0110 (-0.03%).