INO.com’s Daily Market Analysis
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METALS: December gold futures closed up $10.10 at $1,493.70 today. Prices closed near the session high today. The bulls have the overall near-term technical advantage but a five-week-old downtrend is still in place on the daily bar chart.
December silver futures closed up $0.036 at $17.42 today. Prices closed nearer the session high today. The silver bulls still have the slight overall near-term technical advantage. However, a five-week-old downtrend is still in place on the daily bar chart.
December N.Y. copper closed down 215 points at 259.25 cents today. Prices closed near mid-range today. The copper bears have the overall near-term technical advantage.