COPPER_ HGU18   #copperfutures

Weekly – Third week down. Trade pressures are down. Volumes remain bearish.

Daily – Flat. In the rapid move down from the 3,24 (new contract) level. Trade pressures are down and extended. Volumes remain bearish.

The next target down is 2.93.

A close above 3.02 would signal higher.

 

GOLD_ GCQ18  #goldfutures

Weekly – In a new weekly move down. Trade pressures are down. Volumes remain bearish.

Daily – Flat. In the move down from the 1315 level. Trade pressures are down. Volumes are bearish.

The next target down is 1222.

A close above 1261 would signal higher.

[7-4-18: Closed above the adjusted long entry of 1258 in holiday trading. Watch the 60 min tomorrow and enter as the trading pressures turn down and then back up.]

 

SILVER_ SIU18  #silverfutures

Weekly – Moving down toward the Dec 2017 lows. Trade pressures are down into the neutral zone. Volumes are mixed, neutral to bearish.

Daily – Flat. In the move down and now consolidating at the 16.06 target. Trade pressures are down and extended. volumes are mixed bearish to neutral.

The next target down is 15.22.

However, a new long entry trigger is at a nearby 16.26.