The Commodity Research Bureau's TrendTrader is Short the across the board in the Metals complex.
See full position report below.
Day traders work for the markets - Trend Traders let the markets work for them, the Trend is your friend!
Metals
Metal prices this morning are higher. April gold this morning is up +$15.60, Mar silver is up +31 cents, and Mar copper is up +2.6 cents. Metals prices last Friday settled lower for the third consecutive session. April gold closed down -$10.20, Mar silver closed down -52 cents, and Mar copper closed down -2.15 cents. Apr gold dropped to a 3-month low, Mar silver plunged to a 5-month low and Mar copper fell to a 3-1/2 month low. Bearish factors included (1) continued dollar strength after the dollar index rose to a 6-3/4 month high which triggered selling across the entire commodity complex, (2) the sell-off in global equity markets which raises concern that economic growth will slow and curb demand for industrial metals, (3) the 13,092 metric ton (+12.9%) increase over the past week in Shanghai copper inventories which rose to a 5-3/4 year high of 114,302 metric tons and indicates weakened copper demand in China, the world's largest copper consumer, (4) the unexpected lo ss of jobs in the Jan US nonfarm payrolls, which signals continued labor market weakness that may stifle the economic rebound and industrial metals demand, (5) the unexpected decline in Dec German industrial production, which signals slack metals consumption in Europe's largest economy, and (6) speculation that investors are liquidating their long gold positions in order to raise funds to cover margin-calls in other markets.
Subscribe now and receive the latest Trade Triggers Points for over 90 markets - including 20 FOREX pairs & crosses, CME Currencies, 23 Exchange Traded Funds (ETF), Stock Indices, Interest Rates, Grains, Energies, Metals, Meats, Foods, Fibers and the CRB indices.
The CRB "TrendTrader" is one of the oldest and most respected market letters in the industry since 1963.
Subscribe now and become a CRB member!
CLICK HERE: Special Offer: $99 3 Month Subscription.
CALL Jay: 312 506 8709
CLICK HERE: Special Offer: $99 13 Week Subscription.
CALL Jay: 312 506 8709
About CRB
The Commodity Research Bureau has been leading the world in commodities research and analysis since 1934. Based in Chicago, Illinois, the firm has been the innovator of the CRB Indices, as well as the publisher of the CRB Yearbook, Encyclopedia, CRB Price Charts, TrendTrader and Futures Market Service newsletters.
About CRB TrendTrader
In 1963, the Commodity Research Bureau developed a computerized trading system for the purpose of removing the emotional human element from market forecasting. Since then, countless trading programs, timing theories, and techniques have been designed and popularized by an even wider universe of individuals and companies for the purpose of "beating" the futures market. Yet, today, CRB's TrendTrader remains one of the oldest and most respected technical daily market letters.
TrendTrader system analyzes four different technical studies to categorize markets as trending up, sideways, or down. These four studies are a combination of moving average, price volatility, market momentum, and various time cycles. Support and resistance levels are recalculated daily and serve as "stops" when the market is in a trend phase and mark the breakout levels for new up or down trends when markets are in a sideways mode.
The system is for medium to long-term trading and is designed to maintain positions throughout minor and medium-term corrections. TrendTrader tracks over 79 markets, including foreign exchange (FX), stock indices, exchange traded funds (ETF), interest rates, metals, energies, grains, meats and foods & fibers.
CLICK HERE: Special Offer: $99 3 Month Subscription.
CALL Jay: 312 506 8709
CLICK HERE - FREE eBOOK - 50 Rules of Futures Trading.
