Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGN21

Weekly – In the June 20202 uptrend. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the move up from the 4.12 breakout in April. Trade pressures are up and trending. Volumes are now neutral.

The next target up is 4.96.

A close below 4.41 would signal some retracement.

 

GOLD_ GCM21

Weekly – In the February downtrend. Trade pressures are up. Volumes are now neutral.

Daily – Flat. In the new uptrend. Trade pressures are down. Volumes are bearish.

The next target up is 1773. Looking for a bullish reversal to get the daily in sync with the weekly.

The next target down is 1725.

 

SILVER_ SIN21

Weekly – Remains in the May 20202 uptrend. Trade pressures are up. Volumes are bearish.

Daily – Long. In a new move up from the 25.87 April long entry. Trade pressures are down. Volumes are bearish.

The 200 day MA support is at 25.50. look for a bullish reversal to get long.

A close below 25.00 would signal lower. Use this level as a stop for any long entry.