COPPER_ HGN18  #copperfutures

Weekly – The 25×5 provided resistance at the 3.18-3.20 level. Trade pressures are up. Volumes are neutral.

Daily – Flat. In the retracement move down from the 3.13 level. Trade pressures are down. Volumes are bearish.

The next target down is 2.99.

Currently at a median line parallel which may act as support. The hourly is oversold and may contribute to this support level. A close back above the 25×5 at 3.09 would signal higher.

 

GOLD_ GCM18  #goldfutures

Weekly – Did not breakout above the 1367 level. Trade pressures are now down. Volumes are still bearish.

Daily – Flat. In the move down from the 1353 short level. Trade pressures are down. Volumes are bearish.

In this megaphone channel, higher highs and lower lows, and very difficult to trade. Broke down thru the 25×5 moving average and now sitting on the uptrend support line.

The next target down is 1302.

A close above 1341 would signal higher.

 

SILVER_ SIN18  #silverfutures

Weekly – The attempt at a rally thru the 25×5 failed. Trade pressures are now back down into the neutral zone. Volumes have changed from bullish to bearish.

Daily – Flat. In the move down from the 17.06 short entry level. Trade pressures are down. Volumes are bearish.

At the 16.48 downside target and below the 25×5 moving average in bear territory. The next target down is 15.86.

The hourly is showing a drift to the right with no direction.