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COPPER_ HGU21

Weekly – In the June 2020 uptrend. Trade pressures are down into the neutral zone. volumes are neutral.

Daily – Flat. In the move up after the 7-26 new uptrend. Now testing  support at 4.20. Trade pressures are up. Volumes are bullish.

The next target up is 4.80.

A close below 4.08 would signal a new move lower.

 

GOLD_ GCZ21

Weekly – Last week’s drop blew out the longs. Trade pressures are down. Volumes are bullish.

Daily – Long. Once again the move up is triggered. Trade pressures are up. Volumes are neutral.

The next target up is 1798, which would also break the downtrend.

A close below the 1677 selloff low would signal lower once again. Use that as the stop and move to break even when possible.

[08-15-21: Sun Nite session, raise stops to break even @ 1738.]

 

SILVER_ SIU21

Weekly – The breakdown has created a new downtrend. Trade pressures are down. Volumes are bullish.

Daily – Long. The bounce has triggered a new long entry at 23.57. Trade pressures are down but rising. Volumes are neutral.

The next target up is 24.85.

The prior low at 22.29 is the stop. Bring to breakeven asap.