Archive | metals

All aboard the Silver Express

After seven consecutive losing days has silver fond its footing trading positive by 1.77% as of this post. Now the catalyst may be a disappointing jobs number but to me if we can get follow through into next week silver may deserve some of your speculative dollars. This is but a small victory though the […]

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Scaling into bullish Silver trade

I see all these articles on selling silver…well I’m a buyer for clients. Silver futures have declined 10% in the last month and are lower by 16% from their highs in the end of November. I think silver was a sale $32.50-$34.50 and a buy now. My understanding is we try to buy low and […]

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Dr. Copper the barometer of the global economy

In the last 4 weeks copper prices have declined over 30 cents dragging prices to their lowest level in 3 ½ months. Prices rose steadily after bottoming in mid-November but in just over 4 weeks those gains were erased. As of this post we are completing 61.8% Fibonacci retracement and penetrating a trend line that […]

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Metals tug of war with energies

Energy: Crude oil lost nearly 2% today trading under $95 in April for the first time in 30 days. The bears may be taking control of the steering wheel and on a trade under the 50 day MA; identified at $94.20 expect selling to intensify. Heating oil gave up nearly 1% trading under its 18 […]

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Fade rallies in April platinum

Energy: April Crude oil held the same lows that acted as support on Friday and managed to close .075% higher. Prices are just under their 8 and 18 day MAs but unless trading the $2 range I do to see a viable bullish or bearish strategy at this juncture. Stand aside until we get more […]

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60 Minute Platinum

I am going to do something a little different today as opposed to a daily or weekly chart, above you will see a 60 minute chart of platinum. In this chart you can see activity over the last 3 weeks and you will notice that platinum is a sale around $1700 and a buy around […]

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Buy Gold and sell Platinum

Energy: March Crude oil futures will finish lower by nearly 1% just off the lows at the 8 day MA. I think our patience will pay off as I expect that level to be breached and lower trade to follow in the coming sessions. I’ve suggest bearish exposure to clients thinking we get a break […]

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Silver to book profits

Energy: January Crude oil has found buying support just above $84/barrel. A close back over the 8 and 20 day MAs should confirm an interim low. I am operating under the influence that we get a bounce from current levels and have advised clients to lightly scale into long futures and options plays targeting a […]

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Metals building a base

Energy: Crude oil backed off unable to hold onto its gains but I’m seeing signs of the tide shifting with a positive close 4 out of the last 5 sessions. Exit remaining bearish trade and book profits. I expect to have bullish trade recs in the coming sessions…stay tuned. RBOB closed positive but nearly 7 […]

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Gold is Ebbing

Energy: Crude oil was able to close in the green after being down nearly $2 in early dealings. We will need to see a settlement under to 100 day MA in December, currently just under $91 to confirm bearish sentiment. On a trade back near $88.50 on this contract I will be looking to unload […]

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