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 higher: GCG5 +8.9 (+0.71%), SIH5 +0.182 (+1.09%), HGH5 +0.026 (+1.04%). Metals prices on Thursday closed lower with Feb gold and Mar silver at 2-week lows: Closes: GCG5 -31.3 (-2.43%), SIH5 -1.315 (-7.27%), HGH5 -0.0280 (-1.13%). Bearish factors included (1) a stronger dollar, (2) the fall in U.S. jobless claims to a 14-3/4 year low, which may push the Fed to raise rates, and (3) the +2,775 MT increase in LME copper inventories to a 9-1/2 month high of 247,450 MT.