#copperfutures #goldfutures #silverfutures

COPPER_ HGZ18

Weekly – In the move down, consolidating at the 2.74 level. Trade pressures are down and trending. Volumes remain bearish.

Daily –  Flat. In the move down from the 2.73 level. Trade pressures are up into the neutral zone. Volumes are mixed, bullish to neutral.

The next target down is 2.48.

A close above the 25×5 moving average and the downtrend resistance would signal higher.

 

GOLD_ GCZ18

Weekly – Remains in the move down. Trade pressures are down and trending. Volumes remain bearish. The next weekly target down is 1128.

Daily – Flat. In the new move up while consolidating at the 1193 level. Trade pressures are back down into the neutral zone. Volumes are bearish.

The next target down is 1142.

1197 has signaled a new move up. The move above the 25×5 has been negated by a subsequent close below the 25×5 moving average.

Now a close above the downtrend resistance line is required to restart a move up.

 

SILVER_ SIZ18

Weekly – In the move down toward the 13.59 weekly target. Trade pressures are down and extended. Volumes remain bearish.

Daily – Flat. In the move down from the 15.29 short entry. Volumes are mixed bullish to neutral. Trade pressures are down and trending.

The next target  down is 13.67.

A close above 14.54 is requires to restart any move up.