COPPER_ HGH18  #copperfutures

Weekly – Still consolidating at the 3.25 upside target. Trade pressures remain down into the neutral zone. Volumes are mixed  – neutral to bearish.

Daily – Flat. The long trade rallied to the 3.20 resistance and pulled back to the stop at the entry level. Trade pressures are down. Volumes are bearish.

The Daily long trade was a counter trend rally and profits should have been taken at the first upside target.

The next target down is 3.05.

A close above 3.14 would signal higher.

 

GOLD_ GCG18  #goldfutures

Weekly – Remains in consolidation. Trade pressures are down into the neutral zone. Volumes are bearish.

Daily – Flat. No trend. Trade pressures are down.Volumes are bearish.

In the move down from the 1323 short entry level. The next target down is 1251.

A close above 1303 would signal a new move up .

 

SILVER_ SIH18  #silverfutures

Weekly – Seems to have broken down. Trade pressures are down into the neutral zone.

Daily – Flat. The trade below the low pivot of 16.44 has confirmed the short entry at 17.10. Trade pressures are down. Volumes are bearish,

The next target down is 15.64.

A close above 17.16 would signal higher.