COPPER_ HGN18  #copperfutures

Weekly – At the lower boundary of the channel between 3.03 and 3.30. Trade pressures are up but trending lower and near the neutral zone. Volumes are neutral.

Daily – Flat. The first leg up went from the entry at 3.02 to the 3.20 target. Trade pressures are down but rising. Volumes are bearish.

Currently in the retracement move down to 3.01. Almost reached the next downside target at 2.99.

A close above 3.08 triggers a new move up. But the 25×5 moving average is at 3.10 acting as resistance, so need the confirmation of a close above that level.

 

GOLD_ GCM18  #goldfutures

Weekly – Four tests of the 1367 this 2018 year. Now in a three week pullback. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the move down from the 1352 short entry. Trade pressures are down. Volumes are bullish.

At the 1302 target. The next target down is 1261.

The new long entry is 1316, but this would be a retracement trade and would be trading against the weekly downward pressures. So tight stops and move to break-even asap. The first target up is the 25×5 resistance at 1333.

 

SILVER_ SIN18  #silverfutures

Weekly – Still trending sideways along the flat 25×5 moving average. Trade pressures are down. volumes are now neutral.

Daily – Flat. In the move down from the 17.01 short entry level. Trade pressures are down but rising. Volumes are bullish to neutral.

The next target down is 15.76.

A close above 16.55 would signal higher. This is a retracement trade as the weekly pressures are down.