#copperfutures #goldfutures #silverfutures

COPPER_ HGH19

Weekly – Remains in the downtrend. Trade pressures are stuck in the neutral zone. Volumes are bearish and declining.

Daily – Flat. In the move up from the 2.73 level off the 2.66 low pivot. Trade pressures are in the neutral zone. Volumes are neutral to bearish.

The next target up is the 2.84 level.This is a move up inside the downtrend, so need a close above the 2.84 to commit.

The first stop is the 2.71, then move to the 2.74 asap.

A close below 2.71 would signal move lower.

 

GOLD_ GCG19

Weekly – Traded up and thru the 25×5 MA last week and had a pull back toward that average this week. Trade pressures are rising inside the neutral zone. Volumes are bullish.

Daily – Flat. In the move up from the 1218 level and closed above the 1241 level. Trade pressures are up but declining. Volumes are bearish.

The next target up is 1264.

Stops are at the 2×5 MA @ 1233.

 

SILVER_ SIH19

Weekly – Grinding side ways still. Trade pressures are rising into the neutral zone. Volumes are neutral.

Daily – Flat. the week rise still has the trade in the move down but the downtrend resistance has ben broken and a new uptrend has formed. Trade pressures are up. but declining. Volumes are bullish to neutral.

No new direction is signaled. The down move is in the channel between 14.00 and 15.10.

Should meet upside resistance here.