COPPER_ HGN18  #copperfutures

Weekly – New contract. Four weeks up. Trade pressures are up. Volumes are bullish. At the 25×5 resistance level.

Daily –  Flat. In the move up from the adjusted long entry at 3.04. Trade pressures are neutral. Volumes are mixed bearish to bullish.

This trade was previously stopped out on one of the early pullbacks. Trading continued to each technical level and retracing to finally meet the projected 3.18 profit target.

The next target up is 3.32.

A close below the 25×5 moving average at 3.08 would signal lower.

 

GOLD_ GCM18  #goldfutures

Weekly – In the uptrend. Looks poised for a breakout on the weekly chart. Trade pressures are up. Volumes are bearish.

Daily – Flat. The 1342 level is the long entry price for the retracement trade. Trade pressures are p but have turned down toward the neutral zone. Volumes are mixed, neutral to bearish.

Two levels of support: One at the 25×5 moving average at 1337. the other is the uptrend support line at 1320.

The next target up is 1391.

A close below the 1320 would signal lower.

 

SILVER SIN18  #silverfutures

Weekly – New contract. Still moving to the right in the channel. Trade pressures are up. Volumes ahve been very bullish.

Daily – Flat. In a new move up from the 16.67 level. Trade pressures are up. Volumes are bullish. The next target up is 17.46, which was almost met with the two day breakout move up.

Look for a pullback to the 17.00 level to enter the trade.

A close below 16.36 would stop out the trade.