Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGZ19

Weekly – In consolidation after the 2.61 downside target was reached. Trade pressures are in the neutral zone. Volumes are neutral.

Daily – Flat. In the move down from the 2.62 level. Trade pressures are rising into the neutral zone. Volumes are bearish.

The next target down is 2.50.

A close above the 2.57 level would signal higher.

 

GOLD_ GCZ19

Weekly – In the move down from the 1508 weekly short confirmation. Trade pressures are up but declining. Volumes are bullish.

Daily – Flat. In a new downtrend. Trade pressures are in the neutral zone. Volumes are neutral.

The move down has met the 100% downside target and is moving higher.  The next target down is 1432.

A close above 1525 would signal higher.

 

SILVER SIZ19

Weekly – Now in consolidation after the spike high. Trade pressure are up but turning down. Volumes are neutral.

Daily – Flat. In the move down from the 18.72 short entry. Trade pressures are in the neutral zone. Volumes are bearish.

The next target down is 16.53.

A close above 18.25 would signal higher.