$1851 in gold: We talked about it holding support and it did, exclaims Phillip Streible of Blue Line Futures.

Using a Fibonacci retracement, and connecting the contract high to the triple bottom, we saw the action reach the 38.2% retracement, and it could be looking at $1900.

Platinum was a little disappointing, but we would be looking to enter longs at this current up trendline, as price action pulls back into it.

Copper broke support, stochastics are rolling over, all potential signs that it could be headed lower. Copper does have a seasonality to it, so I’m looking to purchase in November and sell in December (Tune in for the exact dates!).

The Dollar Index made a new high but failed to perform yesterday. (We do believe this had something to do with the inflation numbers in the UK.)

Which currencies make up the weighting of the Dollar Index? Tune in to see how we are playing the SPR release in crude oil, and what is going on in natural gas, soybeans, and more!

Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC, believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.

Learn more about Phillip Streible at Blue Line Futures.