COPPER_ HGU117  #copperfutures

Weekly – The 2.94 weekly upside target has provided support in this June to August rally. Trade pressures are up. Volumes remain bullish.

Daily – Flat. At the 3.00 upside target. Trade pressures are up but showing some divergence. Volumes are bullish.

The next target up is 3.09.

A close below 2.96 would signal lower.

 

GOLD_ GCZ17  #goldfutures

Weekly – At the top of the 1200-1300 channel. Trade pressures are up and extended. Volumes are bullish.

Daily – Flat. In the move up from the 1248 level. Trade pressures are down into the neutral zone. Volumes remain bullish.

The next target up is 1370.

A close below 1283 would signal lower.

 

SILVER_ SIU17  #silverfutures

Weekly – Still below the 25×5 moving average and in the May downtrend. Trade pressures are up. Volumes are bullish.

Daily – Flat. Have rallied in this downtrend to 17.21. Trade pressures are down into the neutral zone. Volumes are mixed neutral to bullish.

The next target up is 17.91.

A close below 16.65 would signal lower.