Metals Edge - Tuesday, April 5

President, Blue Line Futures • Apr 6, 2022 at 8:35 AM EDT

Platinum & Palladium sold off today, caused by a headline pushing up the electric car mandate deadline. Phil dives into the correlations of metals.

gold and black metal tool

Photo by Jingming Pan on Unsplash

Phillip Streible, Chief Market Strategist of Blue Line Futures, presents Metals Edge!

Platinum & Palladium sold off today, caused by a headline pushing up the electric car mandate deadline. Phil dives into the correlations of metals.

$1890-$1910 is a big support level for June Gold. $24.55 is a big support level for Silver.

The Russell 2000 is portraying a bearish chart, while the S&P 's ATR is telling of an upcoming fall if support breaks. (Tightening policy, slower growth, and disinflation)

Phil completes the presentation with a breakdown of Economic Data!

Video Length: 00:15:07

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