Metals

COPPER_ HGH18  #copperfutures

Weekly – Has traded thru the 3.25 level after some consolidation and retracement to the prior 2.98 level. Trade pressures are now up thru the neutral zone. Volumes are bullish.

The next weekly target up is 3.69.

Daily – Flat. Reached the 3.28 prior high and profit target. Continued on to the 3.30 level. Trade pressures are up and extended. Volumes are bullish.

The next target up is 3.53.

A close below 3.29 would signal lower.

 

GOLD_ GCG18  #goldfutures

Weekly – Three weeks up. Trade pressures are up. Volumes have changed from neutral to bullish.

Daily – Flat. The 1273 long entry was taken out at the first profit level of 1295. Trade pressures are up. Volumes are bullish.

The next target up is 1332.

A close below 1279 would signal lower.

 

SILVER_ SIH18  #silverfutures

Weekly – Back to the 17.09 weekly long entry. Trade pressures are up. Volumes have changed from neutral to bullish.

Daily – Flat. In the move up from the 15.92 long entry. Trade pressures are up. Volumes are bullish and rising.

The next target up is 17.49.

A close below 16.43 would signal lower.