#copperfutures #goldfutures #silverfutures

COPPER_ HGZ18

Weekly – First week of a move up inside the downtrend.. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the move up from the 2.76 long entry; still looking for the pullback. Trade pressures are just up. Volumes are mixed bullish to neutral.

Next target up is 2.92.

A close below the downtrend line at 2.66 would signal lower.

 

GOLD_ GCZ18

Weekly – Two bullish weeks. Trade pressures are still down but rising. Volume has changed from neutral to bullish.

Daily – Flat. In the move up from 1197. Trade pressures are just up. Volumes are bullish to neutral.

The uptrend resistance line at 1222 has been broken. With the weekly still pressing down; looking for a pullback then a new leg up to confirm the long entry.

The next target up is 1245.

A close below the 25×5 moving average at 1203 would signal lower. This moving average is flat so need a bit more direction to rely on the signal.

 

SILVER_ SIZ18

Weekly – Two weeks of green bars. Trade pressures are down but rising. Volumes are bearish to neutral.

Daily – Flat. In the move up after the crossover of the 25×5 moving average and the triggering of the  14.68 new long entry. Trade pressures are up in the neutral zone. Volumes are bullish.

The next target up is 15.24.

A close below the 25×5 moving average would signal a resumption of the move lower.