LOOKING AHEAD TO FRIDAY BY REFLECTING BACK ON THURSDAY'S ACTION
Gold and Silver are displaying small Bull Pennants; Bonds & Notes look technically Strong
METALS: 09/11/09 Higher close yesterday for silver while slightly lower for platinum, copper and gold. All of the metals continue to be in uptrends with gold and silver in small BULL FLAGS. Copper and platinum also continue to be strong with nothing affecting these metals after closing down.
FINANCIALS: 09/11/09 Higher settlement Thursday for the bonds and notes while lower for the eurodollar. The eurodollar settled slightly lower in a very bullish market while the bonds and notes had strong closes higher keeping my buy signals in tact and looking like, especially the notes, that they will take out their last highs.
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See the balance of my morning comments, including the Softs, Meats and Energies at my website. For my complete coverage, visit my commentary page at www.markethead.com/2.0 or click to http://www.zaner.com/3.0/ralex1.asp for my free report on trading the mini gold/silver futures contracts.
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 email@example.com or call toll-free (888) 281-4158.
The information in this Report and the opinions expressed are subject to change without notice. Neither the information nor any opinion expressed constitutes a solicitation by Rick Alexander or the Zaner Group of the purchase or sale of any futures or options. Futures and options trading is speculative in nature and involves risks. Spread trading is not necessarily less risky than outright positions. Futures and options trading is not suitable for all investors.