Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGZ21

Weekly – In the June 2020 uptrend and testing support. Trade pressures are down. Volumes are bullish.

Daily – Flat. In the retracement move down. Trade pressures are down, but rising. Volumes are now neutral.

Moving up off the 4.03 support line. The next target down is that 4.03.

A close above 4.19, the 25×5 MA would signal higher.

 

GOLD_ GCZ21

Weekly – In the May 2021 uptrend. Trade pressures are down. Volumes are bearish.

Daily – Long. In a retracement trade up from 1760 within the daily move down. Trade pressures are up. Volumes are bullish.

The next target up is 1786.

A close below 1735 would signal lower and also be the stop.

[10-04-21: long at 1758.] [Set stop at 1755.]

[10-05-21: Stopped out. Look to reenter 1740 or below.]

 

SILVER_ SIZ21

Weekly – In the August 2021 downtrend. Trade pressures are down. Volumes are bullish.

Daily – Flat. In the May move down. Trade pressures are up. Volumes are bullish.

In consolidation around the 22.05 support line. The next target up is the new long entry at 22.68.

A close below 21.41 would signal lower and be a stop for any long entry.