Investing.com - Financial Markets Worldwide
Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

Judy Crawford : Metals Comments

ByJudy Crawford
Published 05/11/2011, 04:13 AM
Updated 07/09/2023, 06:31 AM
JUL COPPER:

  Last time I suggested that the current sell-off did not seem over with to me.  It reached a new low on Friday at 392.80.  It has been attempting to rally and hold 400.00 since then.  That was my projection and that is long term support.  With the current rally going on with the metals and crude, it could attempt to rally to possibly 415.00 or even 420.00.  It should be an opportunity to short.  The daily continues to be in a downtrend since the mid January high.  It has just completed the third wave down.  This rally could be the set up for a fourth wave down.  The monthly chart is triggered a sell this month.  That is negative for the market.  Closed 404.20, up 2.55.

JUN MINI GOLD:  An inside day on Friday triggered a buy yesterday.  It is back over its 20 day ma too.  It rallied into resistance today up at 1520.00.  If it can get over that, a test of 1550.00 is possible.  Its intermediate up trend was not damaged in last week's collapse.  Closed 1516.90, up 13.70.

JUL MINI SILVER:  It held the 100 day ma last Friday even though it had traded under it.  It is now rallying off that support and looks to me as though it is headed for 40.000.  Unlike gold, its intermediate up trend was violated in last week's collapse.  Silver could be a short on further rally.  Not necessarily with gold.  Closed 38.486, up 1.37.

Latest comments

Loading next article…
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.