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Mild Strength in Metals


Trading conditions have been relatively quiet, but the precious metals are finding modest early strength. Although a deal has not been finalized, there have been signs that a Brexit deal will be announced today which along with a weaker Dollar have given gold and silver a modest boost this morning.


The PGM sector is finishing the week with divergent price action as platinum has extended its recovery move with modest early gains while palladium has held within an inside-day range so far and is finding mild early pressure.


Copper has been unable to follow-through on Wednesday’s positive reversal from a 2-week low and has kept within a fairly tight trading range coming into this morning’s action. While the March copper contract did reject a third straight spike down extension yesterday, the market has been without fresh supportive Chinese economic data for most of this week.

Futures and options trading involve significant risk of loss and may not be suitable for everyone.  Therefore, carefully consider whether such trading is suitable for you in light of your financial condition.  The information and comments contained herein is provided by ADMIS and in no way should be construed to be information provided by ADM.  The author of this report did not have a financial interest in any of the contracts discussed in this report at the time the report was prepared.  The information provided is designed to assist in your analysis and evaluation of the futures and options markets.  However, any decisions you may make to buy, sell or hold a futures or options position on such research are entirely your own and not in any way deemed to be endorsed by or attributed to ADMIS. Copyright ADM Investor Services, Inc.

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