What’s Up, What’s Down: Spotlight on Metals
Comments for November 8, 2011
Looking ahead to Tuesday by reflecting back on Monday’s trading
Futures and options trading is speculative in nature and involves substantial risk of loss. Futures and options trading is not suitable for all investors.
COPPER FORMING A BULL PENNANT OR TRIANGLE??
METALS: 11/8/11: Higher closes for copper, silver, gold and platinum once again. Copper continues to look higher and could be in a BULL PENNANT OR TRIANGLE at this time. We also can’t discount the fact that there’s little resistance up to 400(Dec) in my opinion. Silver and gold also closed higher with the latter making its highest high and close since September 21st both continuing to look higher at this time. Silver has good resistance above 350(Dec.) and the gold above 1800. Platinum made its best high and close since September 23rd with a similar in pattern as silver and gold. BUY SIGNALS FOR COPPER, SILVER, GOLDANDPLATINUM. CALL FOR DETAILS!
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DETAILS!
Rick Alexander has been a broker and analyst in the futures business for over thirty years. He is a Vice-President for Sales and Trading at the Zaner Group (www.zaner.com) a Chicago-based futures brokerage firm. Email Rick at ralexander@zaner.com or call toll-free (888) 281-4158.
Futures and options trading is speculative in nature and involves substantial risk of loss. Futures and options trading is not suitable for all investors. The information in this Report and the opinions expressed are subject to change without notice. All known news and events have already been factored into the price of the underlying commodities discussed.