Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGU21

Weekly – In the June 2020 uptrend. Trade pressures are near support. Volumes are bearish.

Daily – Flat. Moved up to the new long entry at 4.33 but was rejected. Trade pressures are now down. Volumes are neutral.

The next target down is 3.96.

The next target up is a new long entry at 4.33.

 

GOLD_ GCQ21

Weekly – Still testing support. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the move down from the 1845 short entry on 6/15. Trade pressures are down. Volumes are bearish.

The next target down is 1739.

A close above 1784 would signal higher.

 

SILVER_ SIU21

Weekly – The last two weeks have been trending lower but still in the uptrend. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the move down form the 27.30 short entry on 6/17. Trade pressures are down but rising. Volumes are bearish.

The next target down is 24.82.

A close above 26.38 would signal higher.