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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Metals prices this morning are all weaker and at 1-week lows: GCJ5 -1.2 (-0.10%), SIK5 -0.074 (-0.44%), HGK5 -0.042 (-1.49%). Monday's closes: GCJ5 -15.0 (-1.25%), SIK5 -0.379 (-2.33%), HGK5 +0.014 (+0.51%). Gold and silver prices on Monday sold off sharply mainly because of the rally in in the dollar index. Howver, copper rallied on hopes for Chinese stimulus and on the stronger-than-expected U.S. pending home sales report, which may mean increased demand for copper for building new homes.