Metal Futures Update

News & commentary on Metal Futures including gold, silver, high grade copper, platinum & more.

Metal Futures Update is a blog dedicated to bringing updates, news and commentary on Metal futures markets including gold, silver, high grade copper, platinum and more.

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Futures, options and forex trading is speculative in nature and involves substantial risk of loss.  These recommendations are a solicitation for entering into derivatives transactions.  All known news and events have already been factored into the price of the underlying derivatives discussed.  From time to time persons affiliated with Zaner, or its associated companies, may have positions in recommended and other derivatives.


Copper buy signal 04/24

Posted on 4/24/2014 1:29:37 PM by: Larry Baer, Market Strategist @ Zaner. 312-277-0112.

Call me for trade set-ups and further details at (312) 277-0112

Or e-mail me at lbaer@zaner.com

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SEE CHART

 

 

 


SELL SIGNAL FOR SILVER.

Posted on 4/24/2014 7:36:06 AM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.

 

Higher for copper, platinum, silver and gold. Copper still needs to close over 306 after testing this area a couple of times over the last several weeks while in a consolidation pattern for around three weeks. Also, copper has little resistance up to 31500. I would like to see copper hold the 300 area and settle over 316 to be able to reach its nearest resistance. I wouldn't get too excited about a turnaround just yet since it remains the most bearish of the metal complex with tremendous looking resistance overhead that doesn't top out until around 33800. Silver settled higher but unable this week to stay back above the lower end of good support that bottoms out around 2050. Now that support becomes formidable resistance and give me a SELL SIGNAL. Gold is now at a critical area(1280) to hold in my opinion ( good support under 1260 and decent resistance over 1320 which could also keep this metal range bound for a while. Platinum has been testing 1400 lately with its nearest resistance is above 1460.  I'm finally removing my buy signals for gold and platinum. SELL SIGNALS  FOR SILVER AND COPPER. CALL FOR DETAILS!  For additional charts, quotes, news, commentary & more sign-up for a FREE 30-day trial to Market head.Com.

 


SELL SIGNAL FOR SILVER.

Posted on 4/24/2014 7:35:21 AM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.

 

Higher for copper, platinum, silver and gold. Copper still needs to close over 306 after testing this area a couple of times over the last several weeks while in a consolidation pattern for around three weeks. Also, copper has little resistance up to 31500. I would like to see copper hold the 300 area and settle over 316 to be able to reach its nearest resistance. I wouldn't get too excited about a turnaround just yet since it remains the most bearish of the metal complex with tremendous looking resistance overhead that doesn't top out until around 33800. Silver settled higher but unable this week to stay back above the lower end of good support that bottoms out around 2050. Now that support becomes formidable resistance and give me a SELL SIGNAL. Gold is now at a critical area(1280) to hold in my opinion ( good support under 1260 and decent resistance over 1320 which could also keep this metal range bound for a while. Platinum has been testing 1400 lately with its nearest resistance is above 1460.  I'm finally removing my buy signals for gold and platinum. SELL SIGNALS  FOR SILVER AND COPPER. CALL FOR DETAILS!  For additional charts, quotes, news, commentary & more sign-up for a FREE 30-day trial to Market head.Com.

 


NO UPDATE TODAY MORE COM,PUTER PROBLEMS

Posted on 4/22/2014 6:08:52 AM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.

 

Higher for copper, platinum, silver and gold. Copper broke out of a consolidation pattern on Mar. 28th only to end up in another since then. So far copper has been holding reversal type action from the 19th of March with little resistance up to 31700. I would like to see copper hold the 300 area and settle over 316 to be able to reach its nearest resistance. I wouldn't get too excited about a turnaround just yet since it remains the most bearish of the metal complex with tremendous looking resistance overhead that doesn't top out until around 33800. With all that being said copper made its best close since March 7th. Silver (best close in 2 weeks)continues to hold in a strong looking support area (2050-1050)) with good resistance above 2100 that could keep it range bound for a while.While gold (best high & close in 2 weeks( is beginning to look toppy but acting better than silver, there's good support under 1260 and decent resistance over 1320 which could also keep this metal range bound for a while. Platinum has been making higher highs and lows since last December but could have a tough time continuing this pattern after Monday's action. Its nearest resistance is above 1460. BUY SIGNALS FOR SILVER, GOLD.AND PLATINUM. SELL SIGNAL FOR COPPER. CALL FOR DETAILS!  For additional charts, quotes, news, commentary & more sign-up for a FREE 30-day trial to Market head.Com.

 

  


NO UPDATE TODAY

Posted on 4/21/2014 7:47:17 AM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.

 

Higher for copper, platinum, silver and gold. Copper broke out of a consolidation pattern on Mar. 28th only to end up in another since then. So far copper has been holding reversal type action from the 19th of March with little resistance up to 31700. I would like to see copper hold the 300 area and settle over 316 to be able to reach its nearest resistance. I wouldn't get too excited about a turnaround just yet since it remains the most bearish of the metal complex with tremendous looking resistance overhead that doesn't top out until around 33800. With all that being said copper made its best close since March 7th. Silver (best close in 2 weeks)continues to hold in a strong looking support area (2050-1050)) with good resistance above 2100 that could keep it range bound for a while.While gold (best high & close in 2 weeks( is beginning to look toppy but acting better than silver, there's good support under 1260 and decent resistance over 1320 which could also keep this metal range bound for a while. Platinum has been making higher highs and lows since last December but could have a tough time continuing this pattern after Monday's action. Its nearest resistance is above 1460. BUY SIGNALS FOR SILVER, GOLD.AND PLATINUM. SELL SIGNAL FOR COPPER. CALL FOR DETAILS!  For additional charts, quotes, news, commentary & more sign-up for a FREE 30-day trial to Market head.Com.

 

  


NO UPDATE TODAY

Posted on 4/21/2014 7:47:07 AM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.

 

Higher for copper, platinum, silver and gold. Copper broke out of a consolidation pattern on Mar. 28th only to end up in another since then. So far copper has been holding reversal type action from the 19th of March with little resistance up to 31700. I would like to see copper hold the 300 area and settle over 316 to be able to reach its nearest resistance. I wouldn't get too excited about a turnaround just yet since it remains the most bearish of the metal complex with tremendous looking resistance overhead that doesn't top out until around 33800. With all that being said copper made its best close since March 7th. Silver (best close in 2 weeks)continues to hold in a strong looking support area (2050-1050)) with good resistance above 2100 that could keep it range bound for a while.While gold (best high & close in 2 weeks( is beginning to look toppy but acting better than silver, there's good support under 1260 and decent resistance over 1320 which could also keep this metal range bound for a while. Platinum has been making higher highs and lows since last December but could have a tough time continuing this pattern after Monday's action. Its nearest resistance is above 1460. BUY SIGNALS FOR SILVER, GOLD.AND PLATINUM. SELL SIGNAL FOR COPPER. CALL FOR DETAILS!  For additional charts, quotes, news, commentary & more sign-up for a FREE 30-day trial to Market head.Com.

 

  


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