As usual, it just takes some minutes for traders and investors in day trading futures floor to review the metal and energy market, but the information they get can be helpful for their whole trading week. Are you one of them? Just check for what Pitguru Daniel Cronin would like us to care about these markets this week!

1. Futures Markets : Metal & Energy Review As usual, it just takes some minutes for traders and investors in day trading futures floor to review the metal and energy market, but the information they get can be helpful for their whole trading week. Are you one of them? Just check for what Pitguru Daniel Cronin would like us to care about these markets this week!

2. First of all, we will have a small talk with Mr. Daniel about things happening around energy market. Last week energies came off very hard. In three days, almost $18 in crude alone as length got liquidated form the market as there were many sell stops below the $105 mark in the WTI.

3. Mr. Daniel thinks this is what the economy needed as gas prices were soaring above the $4.00 mark. So, potentially some of the burden off of US consumers will be taken thank to a good sell off. He’s looking for crude to try and regain form above $100. This market may be testing $102 this week. The USD gained significant strength from $1.49 to $1.43 versus the Euro, so look for this to get a bit of a pop as well with a weaker USD!

4. How about metals? Just have a short review on those markets! Finally, precious metals got liquidated after the huge run they had with Gold trading below $1,500 and Silver falling to $36 from $48 an ounce just in four days alone. This week, his market will likely have a dead cat bounce. According to our expert’s prediction, one could see Gold trading back above $1500 and Silver above $39.

5. “ In the current time, this market is very volatile so options are the way to go in my opinion”, he said. Copper fell very hard from $4.20, below the support of $4.10 to $3.92. It’s believed that this too will see a pop back above $4.00 and there looks to be some resistance at $4.05/$4.06 now.

6. You have just review some information around energy and metal trading. I think such the news can help you somehow in understanding of the markets and know what should you do next. Put your eyes there, the markets still keep changing. We still need to know if the Crude Oil or Gold price, etc. go up or down to plan our business! We will gather next time to learn how’s thing will be going to work.