Daily
gold, silver and copper futures market commentary with our opinion as to trending markets,
support and resistance levels, if prices closed higher or lower from
previous day and most important which futures and commodity markets are
changing to bullish or bearish.
If
there is a change to bullish or bearish pay closer attention to
that market to look for opportunities. This commentary is based ONLY on
charts and technical analysis.
December Gold is trending up. Watch for
support at 4185 and resistance at
4260. Changed to bullish on September 17th. Changed to neutral on September 13th.
December Silver is trending up. Watch for support at 7165 and resistance
at 7400. Changed to bullish on September 21st. Changed to neutral on September 20th.
December Copper is trending up. Watch for support at 14235 and resistance
at 14900. Changed to bullish on September 16th. Changed to neutral on September 15th.
January
Platinum is not trending. Watch for support at 8310 and resistance at
8530. Change to bullish. Changed to neutral on October 06th.
December Palladium is trending up. Watch for support at 22620 and resistance
at 23920. Changed to bullish on October 08th. Changed to bearish on October 04th.
