#copperfutures #goldfutures #silverfutures

COPPER_ HGH19

Weekly – Still below the 200 week MA. Trade pressures are down but rising. Volumes are still bearish.

Daily – Long. The close above the 2.71 long entry starts the new long trade. Trade pressures are down but rising. Need a close above the weekly 200 MA to give the all clear.

The next target up is the 200 day MA at 2.88.

Stops are the 2.64 low, moving up to the 200 day MA at 2.67 asap.

[1-24-19: stopped out at the 2.64 level.]

[1-25-19: 4 pt rally in the am on the FED news of slowing the balance sheet reductions. 2.66 is the new long entry.]

 

GOLD_ GCG19

Weekly – Remains above the 200 week MA. Trade pressures are up. Volumes are bullish.

Daily – Flat. After rallying up and above the 200 day MA and the 1282 upside target, a pullback appears in the making. Trade pressures are up but turning down. Volumes are now bearish.

The next target up is 1330.

A close below 1263 and the 200 day MA would signal lower.

The contract rollover to the next month is this next week.

 

SILVER SIH19

Weekly – In a new uptrend. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the move up to 16.04. Trade pressures are down into the neutral zone. Volumes are now bearish.

Price traded up to the 15.95 level and turned down. Now in a pull back below the 200 day MA.

The next target up remains the 16.04 level.

A close below the 15.08 level and the 25×5 MA would signal lower.