jackfutu18
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Just one minute, you can scan through the Metal market for your whole trading week. Let's see, what Pitguru Daniel Cronin has analyzed for you.
Precious metals had a huge week as Gold soared above $1,400 once again and Silver rallied to $30. These markets have risen very nicely since the dip to $1,320. Investors and traders alike appear to be flocking to precious metals as this has been one of the great sectors this year, and probably the last 10 years for that matter. Gold and Silver could offer long opportunities on dips but pay attention to the technical level of $1,427 as this could be good resistance of the last move’s high.
Copper also had a tremendous week even as non-farm payrolls came in weaker than expected as February Copper rallied to $4.00 and gained 25 cents in just one week alone. Look for $4.05 to be good resistance and for this market to make it back to $3.90- $3.85.
For more supports in your commodity futures trading, check out the other market reviews to have a full understanding of markets.
The Metals Review
For the week of December 6th, 2010
For the week of December 6th, 2010
Precious metals had a huge week as Gold soared above $1,400 once again and Silver rallied to $30. These markets have risen very nicely since the dip to $1,320. Investors and traders alike appear to be flocking to precious metals as this has been one of the great sectors this year, and probably the last 10 years for that matter. Gold and Silver could offer long opportunities on dips but pay attention to the technical level of $1,427 as this could be good resistance of the last move’s high.
Copper also had a tremendous week even as non-farm payrolls came in weaker than expected as February Copper rallied to $4.00 and gained 25 cents in just one week alone. Look for $4.05 to be good resistance and for this market to make it back to $3.90- $3.85.
For more supports in your commodity futures trading, check out the other market reviews to have a full understanding of markets.