Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGZ19

Weekly – Up off the 2.51 lows. Trade pressures are down but rising. Volumes are bearish.

Daily – Flat. In the move up from the 2.53 long entry price. Trade pressures are up. Volumes are bullish.

The next target up is 2.67.

A close below 2.57 would signal lower.

Set the stop at 2.57.

 

GOLD_ GCZ19

Weekly – Near the upside target of 1566. Trade pressures are up. Volumes are bearish.

Daily – Short. In the new move down from the 1513 short entry price. Trade pressures are in the neutral zone. Volumes are bearish.

The next target down is 1502.

A close above the prior high at 1566 would signal higher.

Set the stop at 1566.

[9-9-13: Lower stop to breakeven – 1513.]

[9-12-19: Stopped out at the 1513 breakeven.]

 

SILVER_ SIZ19

Weekly – Hanging man signaling a trend change. Trade pressures are up. Volumes are bearish.

Daily – Short. In the new move down from the 19.22 trigger. Trade pressures are down in the neutral zone. Volumes are bearish.

The next target down is 17.63.

A close above 19.28 would signal higher.

[9-10-19: waited for pull back and missed this one. No trade. Flat.]