#copperfutures #goldfutures #silverfutures

COPPER_ HGH20

Weekly – Rallies with the jobs report and equity markets. Trade pressures are up. Volumes are bullish.

Daily – Long. In the move up off the 2.68 entry as the daily trade pressures align with the weekly. Trade pressures are up. Volumes are bullish.

The next target up is 2.75 and the prior pivot high. Expect some consolidation at the 2.75.

A close below 2,70 would signal lower.

Set the stop at 2.70.

[12-9-19: Sell at the 2.75 target. Trade pressures are a t 100%]

 

GOLD_ GCG20

Weekly – Remains in the uptrend Trade pressures are down but rising. Volumes remain bearish.

Daily – Flat. Out of the long trade but still in the move up. Trade pressures are down. Volumes are now bearish.

The 1468 level would get the long trade going again.

A close below 1460 would signal lower.

 

SILVER_ SIH20

Weekly – The up move failed at the MA. Trade pressures are down. Volumes are bearish.

Daily – Flat. Stopped out of the long trade. Trade pressures are down. Volumes are bearish.

Silver never confirmed gold’s move up. The break of the downside 61% target sends silver lower.

The next target down is 15.68.

A close above 16.91 would signal higher.