Forecasts & Analysis |

The entire precious metals complex traded higher today, with platinum scoring the largest percentage gain of 1.61%.

Cost weather is spreading across the west coast

US yields decline

Bottom line: shorter-term, I am looking for a somewhat tricky, whipsawing, move higher, ideally to around $1820+/-40.

The direction of the March E-mini Dow Jones Industrial Average into the close on Tuesday will be determined by trader reaction to 31450 and 31587.

USD/CAD managed to settle below the support at 1.2665 and is testing the next support at 1.2625.

The S&P 500 pulled back just a bit during the trading session on Tuesday, given back some of the massive gains that we had seen on Monday.

Silver markets have initially dipped on Tuesday to reach down towards the $26 level before bouncing and showing signs of strength again.

Crude oil markets have broken down quite a bit during the trading session on Tuesday to reach towards the $60 level but has seen a little bit of a bounce.

The early price action suggests the direction of the March E-mini S&P 500 Index will be determined by trader reaction to 3872.00.