#copperfutures #goldfutures #silverfutures
COPPER_ HGU19
Weekly – Traded down to the 2.51 weekly target. Trade pressures are down. Volumes are bearish.
Daily – Flat. In the move down from the 2.76 short entry. Trade pressures are down. Volumes are bearish.
The next target down is the lower median line at 2.44
A close above 2.54 would signal a retracement higher.
GOLD_ GCZ19
Weekly – The trade war rhetoric has taken gold to new highs. Trade pressures are up. Volumes are bullish.
Daily – Flat. The reversal has sent gold above the prior high to the upper median line target. Trade pressures are up. Volumes are bullish.
The next target up is 1567.
A close below 1502 would signal lower.
SILVER_ SIU19
Weekly – Also at highs. Trade pressures are up. Volumes are bullish.
Daily – Flat. The next target up is 17.86. Trade pressures are up. Volumes are bullish.
A close below 16.84 would signal lower.