#copperfutures #goldfutures #silverfutures

COPPER_ HGZ21

Weekly – In the June 2020 uptrend. Trade pressures are up into the neutral zone. Volumes are bearish.

Daily – Flat. Rising off the 200 day MA. Trade pressures are in the neutral zone. Volumes are neutral.

The next target up is 4.68 which would trigger a new move up.

Support is at the 4.09, the 200 day MA.

 

GOLD_ GCZ21

Weekly – Testing the May 2021 uptrend support. Trade pressures are up. Volumes are bullish.

Daily – Long. In the move up from the 1738 long entry. Trade pressures are up. Volumes are bullish.

The next target up is 1918.

Look for a backtest of the Friday breakout. A close below 1779 would signal a retracement lower.