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One of the more noteworthy developments in recent days has been the move in commodities.  Copper briefly rose more than 1 percent to its highest level in nearly four years.  Gold futures for February delivery settled nearly half a percent higher at $1,297.20.  The SPDR S&P Metals and Mining ETF (XME) rose 1.58 percent to 36.40, bringing its YTD gains to nearly 20 percent, slightly underperformed the S&P.  Now the question is whether the rally has more legs?  Below is an update look at a trade in XME.

The graphic below is from our “U.S. Market Trading Map”, show the near-term technical bias and trading ranges.  As shown, the underlying is in a short-term bullish trend when the price bars are painted in green.  The underlying is in a short-term bearish trend when the price bars are painted in red. 

Chart 1.1 – SPDR S&P Metals and Mining ETF weekly)

Our “U.S. Market Trading Map” painted XME bar in green (buy) – see area ‘A’ in the chart. XME rebounded nicely off support at the 20-week and 50-week moving averages.  This week’s upside follow-through confirmed…Click here to read more.

You see, our trend-following system is very unique as it attempts to pick turns before others see them. Timing is everything and if you’ve applied our system correctly, you should have made a killing in any markets.

 

This is just an example of many successful trades that our member had enjoyed recently. After all, aren’t you glad you subscribed?

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