S&P 500
2641.89
-48.84 -1.85%
Dow Indu
24465.64
-551.80 -2.26%
Nasdaq
6909.53
-118.95 -1.72%
Crude Oil
54.34
+0.91 +1.70%
Gold
1223.865
+3.170 +0.26%
Euro
1.140895
+0.003595 +0.32%
US Dollar
96.629
-0.190 -0.20%
Weak

Market Commentary and Analysis

Trader's Blog

Crude Oil and Bitcoin Hit New Yearly Lows

19 hours ago

Slowly We Turn... Gold Vs.

2 days ago

Weekly Futures Recap With Mike Seery

2 days ago

Selling Put Options For Consistent Premium Income

4 days ago

Stock Market On Pace For Big Weekly Losses

4 days ago

Currencies | Energy | Food | Grains | Indexes | Interest | Livestock | Metals

INO.com’s Daily Market Analysis

It’s free, informative, and will help you prepare and plan for the next trading day, while getting a jump on changing market conditions.

Privacy Policy

PRECIOUS METALS https://quotes.ino.com/exchanges/?c=metals

December gold was higher overnight. Stochastics and the RSI remain neutral to bullish signaling that sideways to higher prices are possible near-term. Multiple closes above the 20-day moving average crossing at 1222.90 are needed to confirm that a short-term low has been posted while opening the door for additional gains near-term. If December resumes the decline off October's high, October's low crossing at 1186.00 is the next downside target. First resistance is October's high crossing at 1246.00. Second resistance is the 38% retracement level of the April-August-Decline crossing at 1251.30. First support is last-Tuesday's low crossing at 1196.60. Second support is October's low crossing at 1186.00.

December silver was slightly higher overnight as it extends the rally off last-Wednesday's low. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing at 14.407 would confirm that a low has been posted. If December resumes this month's decline, monthly support crossing at 13.620 is the next downside target. First resistance is October's high crossing at 14.950. Second resistance is the August 28th reaction high crossing at 15.070. First support is last-Wednesday's low crossing at 13.860. Second support is monthly support crossing at 13.620.

December copper was higher overnight. The high-range trade sets the stage for a steady to higher opening when the day session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If December resumes the rally off October's low, September's high crossing at 287.10 is the next upside target. Closes below the 20-day moving average crossing at 273.26 would temper the near-term friendly outlook. First resistance is September's high crossing at 287.10. Second resistance is the July 5th gap crossing at 293.10. First support is October's low crossing at 264.25. Second support is September's low crossing at 258.00.

© Copyright INO.com, Inc. All Rights Reserved.