Rick Alexander’s Metal futures commentary (5/18)

Posted on May 18, 2012 by admin

Trading commodity futures and options involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge and financial resources.

By: Rick Alexander, senior broker at Zaner Group.

METALS: 5/18/12  Higher to sharply higher closes yesterday for high grade copper, silver, gold and platinum futures again.  All of the metals continue to look lower overall and nothing has changed that I can see after today’s higher closes.  Copper has heavy resistance starting over 360 to 370 and from 380 to 395 (July).  Silver and gold settled sharply higher but the only techical changes that I can see are the lower highs streak for both of them ended today.  Resistance areas for both are far above their present levels as seen below.  The same goes for platinum.  All three have been trending lower since the beginning of March.  For additional customizable charts and quotes visit Markethead.com for a FREE, no-obligation 30 day subscription.  SELL SIGNALS FOR HIGH GRADE COPPER, SILVER, GOLD AND PLATINUM FUTURES.  CALL FOR DETAILS AT (312) 277-0107 OR EMAIL ralexander@zaner.com!

 

Rick Alexander

(312) 277-0107

ralexander@zaner.com

Zaner Group

Subscribe FREE to Zaner Group’s Daily Research Newsletter.

Futures, options and forex trading is speculative in nature and involves substantial risk of loss. All known news and events have already been factored into the price of the underlying commodities discussed.

 

 

 

 

Posted in Market Updates | Tagged , , , , , , , , , , , , , | Comments Off

Rick Alexander’s Metal futures commentary (5/16)

Posted on May 16, 2012 by admin

Trading commodity futures and options involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge and financial resources.

By: Rick Alexander, senior broker at Zaner Group.

METALS: 5/16/12  Lower closes yesterday for high grade copper, silver, gold and platinum futures again.  All of the metals continue to look lower overall which doesn’t take a rocket scientist to see.  Silver and gold made their worst lows and closes since late December while copper since early January and platinum its worst low since early January.  Copper has heavy resistance starting over 360 to 370 and from 380 to 395 (July).  Silver has made lower highs for eleven sessions in a row, gold for ten while platinum has had lower lows for eleven.  All three have been trending lower since the beginning of March while silver and gold are below good resistance.  Silver remains below the important 3000 area while gold was unable to hold the 1600 area.  For additional customizable charts and quotes visit Markethead.com for a FREE, no-obligation 30 day subscription.  SELL SIGNALS FOR HIGH GRADE COPPER, SILVER, GOLD AND PLATINUM FUTURES.  CALL FOR DETAILS AT (312) 277-0107 OR EMAIL ralexander@zaner.com!

 

Rick Alexander

(312) 277-0107

ralexander@zaner.com

Zaner Group

Subscribe FREE to Zaner Group’s Daily Research Newsletter.

Futures, options and forex trading is speculative in nature and involves substantial risk of loss. All known news and events have already been factored into the price of the underlying commodities discussed.

 

 

 

 

Posted in Market Updates | Tagged , , , , , , , , , , , , , | Comments Off

Judy Crawford’s Metal futures Market Update (5/16)

Posted on May 16, 2012 by admin

Trading commodity futures and options involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge and financial resources.

By: Judy Crawford, senior broker at Zaner Group.

METAL FUTURES COMMENTS

JULY HIGH GRADE COPPER:  I pointed out last time that taking out 357.75 would further confirm a top.  It did so yesterday.  The new low today is 348.60.  Its earlier attempts to stabilize above 360.00 obviously failed.  In my last report the long term charts remained negative and they still do.  The monthly chart triggered a sell this month – after failing to get back over the 20 day ma.  Closed 351.75, down 3.65.

JUNE MINI GOLD:  The low to the last major wave down on the daily chart was 1528.60 on Dec. 29.  To complete the current wave down, it needs to take that out.  The low today is 1541.20.  I pointed out the setup for this third wave down a few weeks ago and this is a normal part of the correction process.  After the pit closed, gold continued to sell off to well over 18.00 points even though the close will not reflect that.  On the monthly chart it has now violated the 20 day ma.  This is the first time since gold rallied over it in Dec. 2008 and started the current bull move.  This is negative.  Watching closely.  Closed 1557.10, down 3.90.

JULY MINI SILVER:  Silver has been selling off after the pit close.  It too is challenging the low made in December and technically that low (26.500) should be taken out to complete the process.  Today’s low 27.565.  Longer term it looks headed for 25.000.  Closed 28.080, down .273.

For additional customizable charts and quotes visit Markethead.com for a FREE, no-obligation 30 day subscription.

 

Judy Crawford

Call Judy Crawford toll-free at (888) 301-8120 or directly at (312) 277-0133

E-mail: jcrawford@zaner.com.

http://www.tradingfuturesmarkets.com/

Subscribe FREE to Zaner Group’s Daily Research Newsletter.

Trading commodity futures and options involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge and financial resources. Opinions are subject to change at any time and are not a solicitation or recommendation to buy or sell futures contracts or options on futures contracts. The information contained in this message has been obtained from sources believed to be reliable but is not guaranteed as to its accuracy or completeness. All known news and events have already been factored into the price of the underlying commodities discussed.

Past performance is not indicative of future results. All suggested trades are based on technical signals/indicators and do not include slippage or cost. Not all trades suggested are taken. Results are based on what the signal indicates not necessarily an actual trade. Actual results may vary.

All suggested trades are based on technical signals/indicators and do not include slippage or cost. Not all trades suggested are taken. Results are based on what the signal indicates not necessarily an actual trade. Actual results may vary.

 

 

 

 

Posted in Market Updates | Tagged , , , , , , , , , , , , , | Comments Off

Rick Alexander’s Metal futures commentary (5/15)

Posted on May 15, 2012 by admin

Trading commodity futures and options involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge and financial resources.

By: Rick Alexander, senior broker at Zaner Group.

METALS: 5/15/12  Lower closes yesterday for high grade copper, silver, gold and platinum futures.  All of the metals continue to look lower overall which doesn’t take a rocket scientist to see.  Copper and platinum made their worst lows and closes since early January and the silver and gold since the end of December.  Copper’s resistance goes from 380 to 395 (July) which it partially penetrated a few weeks ago before selling off over the last week while there is support under 360 down to 340.  Silver has made lower highs for ten sessions in a row and gold for eight while platinum has had lower lows for nine.  All three have been trending lower since the beginning of March while silver and gold are below good resistance.  Silver remains below the important 3000 area while gold was unable to hold the 1600 area.  For additional customizable charts and quotes visit Markethead.com for a FREE, no-obligation 30 day subscription.  SELL SIGNALS FOR HIGH GRADE COPPER, SILVER, GOLD AND PLATINUM FUTURES.  CALL FOR DETAILS AT (312) 277-0107 OR EMAIL ralexander@zaner.com!

Rick Alexander

(312) 277-0107

ralexander@zaner.com

Zaner Group

Subscribe FREE to Zaner Group’s Daily Research Newsletter.

Futures, options and forex trading is speculative in nature and involves substantial risk of loss. All known news and events have already been factored into the price of the underlying commodities discussed.

 

 

 

Posted in Market Updates | Tagged , , , , , , , , , , , , , | Comments Off

Rick Alexander’s Metal futures commentary (5/14)

Posted on May 14, 2012 by admin

Trading commodity futures and options involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge and financial resources.

By: Rick Alexander, senior broker at Zaner Group.

METALS: 5/14/12  Higher closes last session for high grade copper and gold while lower for silver and platinum futures.  All of the metals continue to look lower overall which doesn’t take a rocket scientist to see.  Copper settled higher but still seems to be range bound.  Its resistance goes from 380 to 395 (July) which it partially penetrated a couple of weeks ago before setting back over the last week while there is good support under 360 which is why I made that statement.  Silver made its worst close since January 9th and platinum its lowest low and close also since January.  Gold closed higher but so what in the scheme of things!  Silver also has made lower highs for nine sessions in a row and gold for seven while platinum has had lower lows for eight.  All three have been trending lower since the beginning of March while silver and gold are below good resistance.  Silver remains below the important 3000 area while gold needs to hold the1600 area.  For additional customizable charts and quotes visit Markethead.com for a FREE, no-obligation 30 day subscription.  SELL SIGNALS FOR HIGH GRADE COPPER, SILVER, GOLD AND PLATINUM FUTURES.  CALL FOR DETAILS AT (312) 277-0107 OR EMAIL ralexander@zaner.com!

Rick Alexander

(312) 277-0107

ralexander@zaner.com

Zaner Group

Subscribe FREE to Zaner Group’s Daily Research Newsletter.

Futures, options and forex trading is speculative in nature and involves substantial risk of loss. All known news and events have already been factored into the price of the underlying commodities discussed.

 

 

 

 

Posted in Market Updates | Tagged , , , , , , , , , , , , , | Comments Off

Metal complex tumbles, Gold futures generate a sell signal (5/11)

Posted on May 11, 2012 by admin

Trading commodity futures and options involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge and financial resources.

By: Larry Baer, senior broker at Zaner Group.

Gold futures tumbled downwards today (5/11) along with most of the metal complex.

This move lower for June gold futures generates a sell signal on the daily chart.  On the daily chart gold rests below strong resistance with little to no support beneath.  Gold is also showing a sell signal on the weekly chart this week.  In my opinion gold has a good chance of testing or taking out its December 2011 lows of 1529.9.

Silver futures gave a sell signal on Monday (5/07) and the trend has changed to the downside on both its weekly and monthly charts.

The U.S. dollar increasingly seems to be the in vogue “flight-to-safety” asset of choice over gold.

Although the gold and silver markets seem oversold on the daily chart, the weekly suggests we have a ways to go to the downside and gold may see the 1500 level.

For additional customizable charts and quotes visit Markethead.com for a FREE, no-obligation 30 day subscription.

Sign-up FREE for Larry Baer’s Daily Charts & Set-ups Newsletter.

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

SEE CHART

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

or toll free at 888-281-4161

or email: Lbaer@Zaner.com

How to open an account with Zaner Group.

Open an account with Larry Baer at Zaner Group.

Subscribe FREE to Zaner Group’s Daily Research Newsletter.

Read my views on other markets at Larry Baer’s Options & Futures Trading Strategies.

Futures, options and forex trading is speculative in nature and involves substantial risk of loss. All known news and events have already been factored into the price of the underlying commodities discussed.

 

 

 

 

Posted in Market Updates | Tagged , , , , , , , , , , , , , | Comments Off

Rick Alexander’s Metal futures commentary (5/11)

Posted on May 11, 2012 by admin

Trading commodity futures and options involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge and financial resources.

By: Rick Alexander, senior broker at Zaner Group.

METALS: 5/11/12  Higher closes yesterday for high grade copper and gold futures while lower for silver and platinum.  All of the metals continue to look lower overall which doesn’t take a rocket scientist to see.  Copper settled higher but still seems to be range bound.  Its resistance goes from 380 to 395 (July) which it partially penetrated a couple of weeks ago before setting back over the last week while there is good support under 360 which is why I made that statement.  Silver made its worst close since January 9th and platinum its lowest low and close also since January.  Gold closed higher but so what in the scheme of things!  Silver also has made lower highs for nine sessions in a row and gold for seven while platinum has had lower lows for eight.  All three have been trending lower since the beginning of March while silver and gold are below good resistance.  Silver remains below the important 3000 area while gold needs to hold the 1600 area.  For additional customizable charts and quotes visit Markethead.com for a FREE, no-obligation 30 day subscription.  SELL SIGNALS FOR HIGH GRADE COPPER, SILVER, GOLD AND PLATINUM FUTURES.  CALL FOR DETAILS AT (312) 277-0107 OR EMAIL ralexander@zaner.com! 

Rick Alexander

(312) 277-0107

ralexander@zaner.com

Zaner Group

Subscribe FREE to Zaner Group’s Daily Research Newsletter.

Futures, options and forex trading is speculative in nature and involves substantial risk of loss. All known news and events have already been factored into the price of the underlying commodities discussed.

 

 

 

 

Posted in Market Updates | Tagged , , , , , , , , , , , , , | Comments Off

Judy Crawford’s Metal futures Market Update (5/11)

Posted on May 11, 2012 by admin

Trading commodity futures and options involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge and financial resources.

By: Judy Crawford, senior broker at Zaner Group.

METAL FUTURES COMMENTS

JULY HIGH GRADE COPPER:  It continued to sell off yesterday to 361.00 and stopped.  The current low is 357.75 made on mid April.  Taking that out would further confirm a major top.  Right now it is trying to stabilize and rallied to 371.35 today.  That is where the 20 day ma intersects.  Right above that the 200 day ma comes in at 372.22 and the 100 day ma at 374.90.  My point being that there are several resistance points directly above the market.  The long term charts continue to be negative.  Closed 369.05, up 3.10.

JUNE MINI GOLD:  It sold off to 1578.50 yesterday.  Today it consolidated right under 1600.00 support.  It may try to rally from this level.  It will run into heavy resistance starting at 1630.00.  Watching closely.  Closed 1595.50, up 1.30.

JULY MINI SILVER:  It reached the 29.030 gap I mentioned and exceeded it.  I took profit.  The low yesterday was 28.615.  Long term silver is more negative than gold.  Long term it has violated important support areas.  Watching closely to short again.  Closed 29.178, down .063.  Position:  Short 30.600 (5.2).  Exit 28.795 (5.9).  Profit $1750 (-comm/fees).

For additional customizable charts and quotes visit Markethead.com for a FREE, no-obligation 30 day subscription.

 

Judy Crawford

Call Judy Crawford toll-free at (888) 301-8120 or directly at (312) 277-0133

E-mail: jcrawford@zaner.com.

http://www.tradingfuturesmarkets.com/

Subscribe FREE to Zaner Group’s Daily Research Newsletter.

Trading commodity futures and options involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge and financial resources. Opinions are subject to change at any time and are not a solicitation or recommendation to buy or sell futures contracts or options on futures contracts. The information contained in this message has been obtained from sources believed to be reliable but is not guaranteed as to its accuracy or completeness. All known news and events have already been factored into the price of the underlying commodities discussed.

Past performance is not indicative of future results. All suggested trades are based on technical signals/indicators and do not include slippage or cost. Not all trades suggested are taken. Results are based on what the signal indicates not necessarily an actual trade. Actual results may vary.

All suggested trades are based on technical signals/indicators and do not include slippage or cost. Not all trades suggested are taken. Results are based on what the signal indicates not necessarily an actual trade. Actual results may vary.

 

 

 

 

Posted in Market Updates | Tagged , , , , , , , , , , , , , | Comments Off

Rick Alexander’s Metal futures commentary (5/10)

Posted on May 10, 2012 by admin

Trading commodity futures and options involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge and financial resources.

By: Rick Alexander, senior broker at Zaner Group.

METALS: 5/10/12  Lower closes yesterday for high grade copper, silver, gold and platinum futures again.  All of the metals continue to look lower overall making new recent lows and closes across the board.  Copper had its worst low since April 19th and close since April 23rd with lower lows over the last six trading sessions.  Still, copper seems to be range bound.  Its resistance goes from 380 to 395 (July) which it partially penetrated before setting back over the last week while there is good support under 360 which is why I made that statement.  Silver, gold and platinum all settled lower again with silver making its worst low since December and close since January while gold had its lowest low and close since December and Platinum since January.  Silver also has made lower highs for eight sessions in a row and gold for six while platinum has had lower lows for seven.  All three have been trending lower since the beginning of March while silver and gold are below good resistance.  Silver below the important 3000 area is critical in my opinion while gold needs to hold the 1600 area.  For additional customizable charts and quotes visit Markethead.com for a FREE, no-obligation 30 day subscription.  SELL SIGNALS FOR HIGH GRADE COPPER, SILVER, GOLD AND PLATINUM FUTURES.  CALL FOR DETAILS AT (312) 277-0107 OR EMAIL ralexander@zaner.com! 

Rick Alexander

(312) 277-0107

ralexander@zaner.com

Zaner Group

Subscribe FREE to Zaner Group’s Daily Research Newsletter.

Futures, options and forex trading is speculative in nature and involves substantial risk of loss. All known news and events have already been factored into the price of the underlying commodities discussed.

 

 

 

Posted in Market Updates | Tagged , , , , , , , , , , , , , | Comments Off

Rick Alexander’s Metal futures commentary (5/09)

Posted on May 9, 2012 by admin

Trading commodity futures and options involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge and financial resources.

By: Rick Alexander, senior broker at Zaner Group.

METALS: 5/9/12  Lower closes yesterday for high grade copper, silver, gold and platinun futures.  All of the metals continue to look lower overall making new recent lows and closes across the board.  Although copper had a huge range making its worst low and close in over three weeks along with lower lows over the last five trading sessions.  Still, copper seems to be range bound.  Its resistance goes from 380 to 395 (July) which it partially penetrated before setting back over the last week while there is good support under 360 which is why I made that statement.  Silver, gold and platinum all settled lower again with silver making its worst low and close since early January along with lower highs for seven sessions in a row, gold its worst low and close since the beginning of January also making lower highs for five day in a row and platinum making its worst low and close since the middle of January again.  All three have been trending lower since the beginning of March.  Silver is still below its resistance and gold barely holding on in its support.  Silver settling below the important 3000 area could signal a much further drop overall while gold needs, in my opinion, to hold the1600 area.  For additional customizable charts and quotes visit Markethead.com for a FREE, no-obligation 30 day subscription.  SELL SIGNALS FOR HIGH GRADE COPPER, SILVER, GOLD AND PLATINUM FUTURES.  CALL FOR DETAILS AT (312) 277-0107 OR EMAIL ralexander@zaner.com! 

 

Rick Alexander

(312) 277-0107

ralexander@zaner.com

Zaner Group

Subscribe FREE to Zaner Group’s Daily Research Newsletter.

Futures, options and forex trading is speculative in nature and involves substantial risk of loss. All known news and events have already been factored into the price of the underlying commodities discussed.

 

 

 

 

Posted in Market Updates | Tagged , , , , , , , , , , , , , | Comments Off