#copperfutures #goldfutures #silverfutures

COPPER_ HGU19

Weekly – In the downtrend. Trade pressures are down but rising. Volumes are bullish.

Daily – Short. The Friday close below 2.71 signals the new short position. Trade pressures are down. Volumes are bearish.

The next target down is 2.65.

A close above 2.76 would signal a new  move up.

Set the stops at 2.73.

[7-31-19: Lower stops to the entry price of 2.71.]

[8-1-19: Lower the stop to 2.69. Set a profit stop at 2.60.]

[8-2-19: Out at the 2.60 profit stop.]

 

GOLD_ GCZ19  (December contract now)

Weekly – Remains in consolidation at the 1428 level. Trade pressures are up. Volumes are bearish.

Daily – Flat. In the move down from the 1451 short entry level, but the daily ranges are too wide to trade. Trade pressures are down. Volumes are now neutral.

The next target down is 1403.

A trade back above 1437 would signal higher.

 

SILVER_ SIU19.

Weekly – Consolidating at the 16.52 upside target.

Daily – Flat. Trade pressures are down into the neutral zone. Volumes remain bullish.

The next target up is 17.88.

The next short entry is 16.15.